By Jenny Sherman, SPHR CCP, Director of HR Services, Trupp HR.
September is just around the corner and with it the business of summer will begin to settle down. Good thing because the year’s end brings a flurry of HR activities to close out the year. Get a head start by checking these HR tasks off your list and make your Fall a little less hectic.
EXCHANGE NOTICE. Employers must provide employees with the Notice to Employees of Coverage Options by October 1, 2013.
COBRA NOTICE REVISIONS. These notices must be updated to include information for qualified beneficiaries of coverage options through the Affordable Care Act exchanges.
SBC’s. Summary of benefits and coverage, not to be confused with the Summary Plan Description, is a new requirement effective in 2012. This link takes you to a sample form, which each carrier should have provided to you already to distribute to employees.
W-2’s. Except for employers with fewer than 250, W-2’s must now include the cost of coverage. Small employers are warned that the exemption is likely to go away.
The EEO-1 Report is a compliance survey mandated by federal status and regulations. The survey includes company employment data with categories of race/ethnicity, gender and job category reported. Follow the link below to determine if you are subject to the requirements.
Most employer’s open enrollment and benefit renewals occur in the Fall. Schedule your open enrollment and explore the options available to your workforce under the Affordable Care Act.