Massachusetts Employers: Don’t Forget the Annual HIRD Filing
Massachusetts employers with six or more employees are required to submit the annual Health Insurance Responsibility Disclosure (“HIRD”) form through the MassTaxConnect portal by December 15.
DOL Confirms Cybersecurity Guidance Applies to All Employee Benefit Plans
In light of increasing cyber threats, the U.S. Department of Labor’s Employee Benefits Security Administration (“EBSA”) has expanded its cybersecurity guidance to include all ERISA-covered health and welfare plans. Initially released in April 2021, this guidance addresses the critical need for plan fiduciaries and service providers to implement robust cybersecurity measures to safeguard sensitive participant information.
2026 Out-of-Pocket Maximums Announced
The Department of Health and Human Services has released the 2026 payment parameters, including new out-of-pocket maximums for employer-sponsored health plans. Find out what these changes mean for your company’s health benefits and how to prepare for compliance in the upcoming plan year.