BeaconPath

BeaconPath - Designing, implementing and managing programs?that protect your business and your employees.? ? Why Choose BeaconPath? ? ? Expertise With over 30 years of experience, the team at BeaconPath is dedicated to delivering exceptional service & solutions that will guide your business on the path to success! ? ? Proven Track Record Our success stories span a diverse range of industries including engineering, healthcare, manufacturing, hospitality, education and more. ? ? Client Focused Approach BeaconPath puts our clients first, striving to exceed expectations through personalized service and lasting relationships. ? ?? We’d love to learn more about your business! Schedule a consultation today: www.beaconpath.com. ? ? #employeebenefits #businessinsurance?#compliance #humanresources #solutions

The U.S. Department of Labor (DOL) has published various resources to assist health plans and health insurance issuers in annually submitting their attestation of compliance with the Consolidated Appropriations Act’s (CAA) gag clause prohibition. ?? The “Gag Clause Prohibition Compliance Attestation (GCPCA) - Annual Submission Instructions” can be found online at: dol.gov. ?? These resources can be used to submit the next gag clause attestation, which is due by December 31, 2024. ? Employers who need to submit their own attestations should review the latest instructions and user manual for submitting attestations. BeaconPath designs, implements and manages programs that protect your business and your employees. Contact us today to learn how we assist businesses like yours: 888-883-1920. #ConsolidatedAppropriationsAct #GagClause #healthplan #insurance #compliance

As the end of 2024 approaches, there are a number of compliance tasks that employers should ensure are completed for their employee benefit plans. ?? Download this informative Compliance Overview which includes a 2024 year-end compliance checklist for employee benefit plans: https://lnkd.in/gwE878RK. If you’d like to discuss employee benefits for your organization or would like a free policy review, schedule an executive meeting with BeaconPath today: 888-883-1920. We can help identify and implement group benefits solutions to safeguard your most valuable assets. #employeebenefits #compliance #resource #groupbenefits #business

The U.S. District Court for the Eastern District of Texas vacated the Department of Labor's (DOL) final rule regarding overtime exemptions for white-collar employees under the Fair Labor Standards Act (FLSA). This ruling nullifies the increases to the standard salary level nationwide, returning the salary threshold to the pre-July 2024 threshold. Timeline Highlights: ?On April 23, 2024, The DOL announced a final rule amending the current requirements white-collar employees must satisfy to qualify for FLSA overtime exemptions. ?On July 1, 2024, The standard salary level for EAPs increased from $684 to $844 per week ($35,568 to $43,888 per year) and from $107,432 to $132,964 per year for HCEs (highly compensated employees). ?On November 15, 2024, the U.S. District Court for the Eastern District of Texas vacated the DOL’s final rule on a nationwide basis, returning the standard salary level for EAPs to $684 per week ($35,568 per year) and $107,432 per year for HCEs. ?? Further details can be found in the comment section below. *Employers should monitor the situation for updates. BeaconPath designs, implements and manages programs that protect your business and your employees, contact us today to learn how we can assist your organization: 888-883-1920. #DOL #overtimerule #FLSA #EAP #HCE #compliance

The DOL has confirmed that its cybersecurity guidance, https://lnkd.in/esu4FaaT, applies to all employee benefit plans, including health and welfare plans. Because employers often rely on service providers to maintain employee benefit plan records and keep participant data confidential and secure, they should ensure they use service providers that follow strong cybersecurity practices. The DOL’s cybersecurity guidance includes tips for hiring plan service providers, cybersecurity program best practices and online security tips. ? If you’re interested in obtaining a Cyber Insurance policy for your organization, contact BeaconPath for a customized quote: 888-883-1920. #cybersecurity #DOL #ERISA #employeebenefits #healthplan #CyberInsurance

Various factors are causing health care costs in the United States to rise. Check out the attached slides to discover the health care cost drivers that you CAN control. ?? Business Owners: For strategies on how to control health care costs at your organization, contact the team at BeaconPath today: 888-883-1920. We can help identify and implement group benefits solutions to safeguard your most valuable assets. #healthcare #inflation #medical #prescriptiondrugs #economy #employeebenefits

The Departments of Labor, Health and Human Services, and the Treasury (Departments) released a final rule to strengthen the requirements of the Mental Health Parity and Addiction Equity Act (MHPAEA). According to the Departments, the final rule is designed to achieve MHPAEA’s purpose of ensuring individuals with private health coverage do not face greater restrictions to obtaining mental health and substance use disorder (MH/SUD) benefits than they would face for medical/surgical (M/S) benefits. Details can be found in the comment section below. BeaconPath has the resources and knowledge needed to keep your organization on the path to success, contact us today to learn more about how we assist businesses like yours: [email protected]. #mentalhealth #compliance #healthplan #groupbenefits #employeebenefits #insurance

The ACA requires applicable large employers (ALEs) to offer affordable, minimum-value health coverage to their full-time employees (and dependents) or potentially pay a penalty to the IRS. This employer mandate is also known as the “pay-or-play” rules. ?? Check out the comment section below where you'll find a link to download an informative checklist that outlines key steps for employers to comply with the pay-or-play rules for 2025. If you have any questions or need assistance, reach out to BeaconPath today: 888-883-1920. We design, implement and manage programs to protect your business and your employees. #Compliance #ACA #PayorPlay #ALE #business #employeebenefits

Workplace Wellness Programs must be carefully structured to comply with applicable state and federal laws. The three main federal laws that impact the design of wellness plans are: 1. The Health Insurance Portability and Accountability Act (HIPAA); 2. The Americans with Disabilities Act (ADA); and 3. The Genetic Information Nondiscrimination Act (GINA). ?? Download this checklist, https://lnkd.in/gbGACV5U, which provides a step-by-step analysis of the HIPAA, ADA and GINA rules employers should consider when designing Workplace Wellness Programs. BeaconPath designs, implements and manages programs that protect your business and your employees. Reach out today to learn more about how we assist businesses like yours: [email protected]. 888-883-1920. #workplacewellness #download #compliance #resource #employeebenefits #humanresources

Cyber Insurance can protect your business from devastating damage in the event of a cyberattack. First-party cyber insurance can offer protection for losses that an organization directly sustains from a cyber incident. Types of first-party coverage include: ? Incident Response Costs, ? Data Recovery Costs, & ? Business Interruption Losses. ?? Learn more about Cyber Insurance and MFA by watching our full webinar at: https://lnkd.in/gyMEgWuw. ? Contact BeaconPath today for a customized no-obligation Cyber Liability Insurance quote: 888-883-1920. #cyberinsurance #cyberliability #cyberattack #business #riskmanagement