November '23 Employer Regulatory & Legislative Update | CBIZ

November 2023 Employer Regulatory and Legislative Update | CBIZ, Inc.

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As businesses are increasingly focused on the future, it’s important to stay on top of legislative matters to ensure continued compliance. This update covers issues involving the first attestation of the gag clause prohibition, cross plan offsetting, 2024 cost of living adjustments for pension and retirement plans and more.

 

Gag Clause: An Employer’s Perspective | Learn More

The first attestation of the gag clause prohibition is December 31, 2023. Following is a brief walk-through of the attestation process from the perspective of a plan sponsor.

Cross Plan Offset Challenges Continue | Learn More

A recent Department of Labor settlement with Emblem Health, a New York insurer and TPA, reminds us that the issue of cross plan offsetting continues to be problematic.

2024 Cost of Living Adjustments for Pension and Retirement Plans | Learn More

Notice 2023-75, issued by the IRS, sets forth the 2024 COLAs applicable to defined benefit and defined contribution plans.

2024 Social Security Cost of Living Adjustment | Learn More

The Social Security Administration announced a 3.2% cost of living adjustment for 2024.

CMS Announces 2024 Premiums and Cost-Sharing Amounts | Learn More

The Centers for Medicare and Medicaid Services has issued 2024 cost of living adjustments for Medicare Parts A, B and D.

Annual PCORI Fee and Filing | Learn More

The PCORI fee increases to $3.22 per covered life for policy and plan years ending between October 1, 2023, and before October 1, 2024

Updates to Civil Monetary Penalties for HIPAA, SBC, and MSP Violations | Learn More

The Department of Health and Human Services has issued civil penalties specific to HIPAA privacy, summary of benefits and coverage, and Medicare secondary payer compliance.

California Leave Enhancement | Learn More

California amends its paid sick leave law and requires unpaid leave for a reproductive loss event beginning January 1, 2024.

Maryland Sets Paid Family Leave Contribution Rate for 2024 | Learn More

Maryland’s Department of Labor has set the contribution rate at 0.90% of covered wages up to the Social Security cap beginning October 1, 2024.

Massachusetts’ Paid Family Leave allows Top Off and Other Updates | Learn More

Beginning November 1, 2023, employees will be permitted to top off his/her weekly benefit using accrued paid leave, such as PTO, to supplement the paid family leave benefit.

New York Paid Family Leave Updates for 2024 | Learn More

New York updates its contribution and benefit amounts for paid family leave in 2024.

New Jersey TDI and PFL rates for 2024 | Learn More

Contributions for temporary disability remain the same as 2023 while contributions for paid family leave increase in 2024.

Washington Paid Family Leave Premium Rate Decreases in 2024 | Learn More

In a recently issued press release, the Employment Security Department indicates that premium rates will slightly decrease in 2024 to 0.74% from 0.8% in 2023.

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November 2023 Employer Regulatory and Legislative Update | CBIZ, Inc.https://www.cbiz.com/Portals/0/BiReskinImages/Hero Images/hero_image_3.jpg?ver=2020-11-24-160620-267​As businesses are increasingly focused on the future, it’s important to stay on top of legislative matters to ensure continued compliance. This update covers issues involving the first attestation of the gag clause prohibition, cross plan offsetting, 2024 cost of living adjustments for pension and retirement plans and more.2023-11-07T18:00:00-05:00As businesses are increasingly focused on the future, it’s important to stay on top of legislative matters to ensure continued compliance. This update covers issues involving the first attestation of the gag clause prohibition, cross plan offsetting, 2024 cost of living adjustments for pension and retirement plans and more.Regulatory, Compliance, & LegislativeEmployee Benefits ComplianceAccelerated RecoveryCOVID-19No

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