Assessments, Policies, and Training Are Key to HIPAA Compliance

HR Daily Advisor

The keys for plan sponsors to avoid penalties under the Health Insurance Portability and Accountability Act (HIPAA), as well as other liability that may come with data breaches, were discussed by HIPAA experts in a recent webinar. Periodic risk assessments, updated policies and procedures, and ongoing training are critical to HIPAA compliance, said Kathryn Bakich, senior vice president at Segal Consulting. Minimizing HIPAA Privacy Liability.

Consequences of Outdated Employee Benefits Systems

Zenefits

Technology is making remarkable strides across the employee benefits landscape. A 2019-2020 survey found that the vast majority of organizations are utilizing a benefits application in some shape or form. Absence of employee self-service burdens HR.

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What is ERISA?

HR Daily Advisor

ERISA stands for the Employee Retirement Income Security Act of 1974. In short, this is the federal law that creates standards for retirement, health, and pension plans. Even though such plans are typically set up privately, employers that opt to offer them have an obligation to meet the requirements under ERISA when implementing their plans. The Act advises when employees must be allowed to join the plan.

Don’t Let Your Data or Participants Get Lost in Space

HR Daily Advisor

Lost in Space” was a popular television series in the 1960s. Sabotage by crew member Dr. Zachary Smith threw the ship off course and launched endless adventures. The ensuing adventures are anything but fun. The possibility of cyberdata sabotage is now a day-to-day threat that frequently makes the headlines—and employee benefit plans are not spared exposure to data sabotage. The EBSA Advisory Council to the U.S. by Mary B.

4 Facts About Medicare That All Employers Should Know

HR Daily Advisor

Employers that offer group health insurance plans to their employees have an interest in learning how employees’ entitlement to Medicare benefits can affect the administration of those plans. This article discusses the coordination of benefits between the two plans. In other words, it answers the question: How does my company health plan interact with Medicare? Benefits employees health Medicare Primary Payer

Plan Sponsor Groups Call on DOL to Withdraw Proposed Form 5500 Changes

HR Daily Advisor

Two major plan sponsor organizations urged the U.S. Department of Labor (DOL) to withdraw the revisions it proposed to the Form 5500 reporting requirements for group health and retirement plans. Further, we are concerned that many of the Proposed Revisions would require plan administrators, under penalty of perjury, to answer questions for which they do not have readily available information.”. The notice of proposed revision was published July 21 (81 Fed.

Responsibilities of the DOL

HR Daily Advisor

Established in 1913, the Department of Labor (DOL) has legal responsibility over matters related to employment. On their website today, they state their mission [i] : “To foster, promote, and develop the welfare of the wage earners, job seekers, and retirees of the United States; improve working conditions; advance opportunities for profitable employment; and assure work-related benefits and rights.”. These laws affect millions of workers throughout the country.

“Establish a security program”, With Jason Remillard and Stuart Lerner

Thrive Global

Encrypt everything so that in the event your data is stolen, it can’t be read. Since users are the weakest link in the information security chain, phishing tests are extremely important. I played many sports growing up and learned the importance of teamwork at an early age.

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How Co-Employment Relationships Benefit Businesses

Insperity

Business owners who outsource HR tasks via a co-employment relationship benefit from the following: Access to better health and retirement benefits. A PEO is able to offer large company benefits to small companies. Such a scenario often means business owners can offer a wider range of benefits to workers at a much better price. Professional employee handbooks and internal employee communications. But firing John doesn’t stop the claim.