MLR

Category: Employee Benefit Plans

Our company just began offering an employee assistance plan (EAP) that provides counseling services to employees. Is the plan subject to the Consolidated Omnibus Budget Reconciliation Act (COBRA)? What about the Employment Retirement Income Security Act (ERISA)? Are there special issues we should consider?

Although HIPAA has been in place since the 1990s, many businesses are still having difficulty complying with parts of its laws. The main area where companies struggle is protection of personally identifiable information. This is information such as a last name, birth date or other piece of data that could reveal a person’s identity to the public.

Many companies today are creating bonus and incentive compensation plans to reward hard-working employees for jobs well done. Such plans can be a win-win: Employees receive a tangible reward for exceptional performance, and businesses reap the benefits of high achievements.