Amcheck has managed M Data's Payroll and Human Services operations for a year now and we're very pleased with the service and value. Our Account Director and the rest of the Amcheck team has always been ready to assist if needed. We look forward to working together for many more years. - Glenn M |
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Corporate News
Medical Loss Ratio Rebate Checks
- Sun | 29 Jul 2012
Insurance company rebate checks for employers are starting to arrive by mail, leaving employers puzzled. On December 7, 2011, the Department of Health and Human Services (HHS) issued final rules on the calculation and payment of medical loss ratio (MLR) rebates to health insurance policyholders. Employer’s must use precise methods to determine how much of the rebate checks are to be refunded to both active and terminated employees. Additionally, the taxation of the checks must be processed in a strict manner. For assistance with processing MLR Rebate Checks and for more information contact AmCheck.
DOL Updates Web Tool to Assist Employers in Understanding Federal Health Benefit Coverage Requirements
- Mon | 14 May 2012
DOL Updates Web Tool to Assist Employers in Understanding Federal Health Benefit Coverage Requirements
The U.S. Department of Labor (DOL) has released an updated version of its Health Benefits Advisor for Employers. This online resource outlines the federal laws that can affect health benefit coverage provided by group health plans. The Advisor explains the legislation, statutes, and regulations in Parts 6 and 7 of Title I of the Employee Retirement Income Security Act of 1974 (ERISA). These laws include:
- Consolidated Omnibus Budget Reconciliation Act (COBRA),
- Health Insurance Portability and Accountability Act (HIPAA),
- Mental Health Parity Act (MHPA) and Mental Health Parity and Addiction
- Equity Act (MHPAEA),
- Newborns' and Mothers' Health Protection Act (Newborns' Act),
- Women's Health and Cancer Rights Act (WHCRA),
- Genetic Information Nondiscrimination Act (GINA), and Michelle's Law.
You can access the updated Health Benefits Advisor for Employers from the DOL website at:
www.dol.gov/elaws/ebsa/health/employer/.
The Health Benefits Advisor for Employers is one of a series of elaws (Employment Laws Assistance for Workers and Small Businesses) Advisors developed by the DOL to help employers and employees understand federal employment laws and resources. To access all of the elaws Advisors, visit the elaws website at www.dol.gov/elaws.
To learn more about DOL’s efforts to assure the security of the retirement, health, and other workplace-related benefits of America’s workers and their families, visit www.dol.gov/ebsa.
States Considering Minimum Wage Rate Changes
- Wed | 21 Mar 2012
States Considering Minimum Wage Rate Changes
Some proposed state legislation would increase minimum wage rates. In a few states, there is legislation that would reduce certain components of the rate.
Social Security Trustees Project $3,600 Wage Base Increase for 2013
- Mon | 14 May 2012
Social Security Trustees Project $3,600 Wage Base Increase for 2013. On April 23, the Board of Trustees of the Social Security Trust Fund issued its annual report on the financial condition of the social security program. The report estimates that the social security wage base will increase to $113,700 in 2013, and that the trust funds will become exhausted in 2033 – three years sooner than was projected in last year's report.
OSHA 300 Log
- Thu | 26 Jan 2012
OSHA 300 Log/Annual Summary Must be Posted by February 1, 2012
AmCheck reminds customers that their OSHA 300 Log must be completed, certified, and posted in a conspicuous place by February 1, 2012.
The log must be completed by any employer who had 11 or more employees at any time during 2011.
• Total the columns on the OSHA 300 Log. (If no recordable cases occurred, enter zeros for each column total.)
• Enter the calendar year covered.
• Enter the company name.
• Enter the establishment name.
• Enter the establishment address.
• Enter the annual average number of employees covered by the OSHA 300 Log.
• Enter the total hours worked by all employees covered by the OSHA 300 Log.
• For companies using an equivalent form other than the OSHA 300-A summary form, as permitted under § 1904.6(b)(4), the summary used must also include the employee access and employer penalty statements found on the OSHA 300-A Summary form.
A company executive must certify the log.
• Select a company executive: The executive must be 1) an owner of the company (only if the company is a sole proprietorship or partnership), 2) an officer of the corporation, 3)the highest ranking company official working at the establishment, or 4) the immediate supervisor of the highest ranking company official working at the establishment.
• Have the executive certify the log. The company executive must certify that he or she has examined the OSHA 300 Log and that he or she reasonably believes, based on his or her knowledge of the process by which the information was recorded, that the annual summary is correct and complete.
Post a copy of the log.
• Post a copy of the annual summary in each establishment in a conspicuous place or places where notices to employees are customarily posted.
• Verify that the log is not altered, defaced or covered by other material.
