Rob Report - March

Rob Mitchell
Jun 22, 2024
1 min read

Updated: Jul 11, 2024

Hi Friends,

As we adjust our clocks and welcome the longer days ahead, it's a perfect time to reflect on new beginnings as spring approaches with some warmer weather!

We’re also kicking off spring with our non-profit grant awards process is now open where a few lucky applicants will be awarded grants from the IMA Foundation! Nonprofits focusing on Advancing Youth in California are urged to apply, and applications are due by April 5th at 3:00. Despite receiving hundreds of worthy applicants, our grantmaking budget only allows us to fund 5-10 of them. Eligible organizations and programs must focus on youth under the age of 26 in one of the following areas:

Education

Mental Health

Arts and Culture

Food Insecurity

Homelessness

Grant guideline details and application are online. To apply click the link for the Eligibility Quiz via the IMA Foundation page. Login or setup an account to access the grant application process.

Note: Nonprofits are eligible to apply once per year. If you already applied for the Fall 2023 grant cycle, you will be eligible to apply again in Fall 2024.

Good luck!

Compliance Update

▪ J&J is being sued and facing a class action lawsuit where the plaintiff alleges breaches of fiduciary duty and violations under ERISA. Our IMA Compliance team authored an article that helps us get a better understanding of what happened and why it matters to plan sponsors. Spoiler Alert: Fully insured plans/employers have less to worry about with regards to fiduciary breach.

▪ The Children’s Health Insurance Program (CHIP) Notice has an updated model notice as of January 31, 2024. The CHIP notice must be provided annually to eligible employees, and IMA recommends doing this during Open Enrollment.

▪ The DOL released an updated version of the Marketplace Exchange Notice to be distributed to new hires.

▪ RxDC Reports are due June 1, 2024 for self-funded group health plans. Fully insured plans may be required to submit data to their carrier by a carrier-assigned due date to satisfy the requirements.

▪ CA Pay Data Reporting is due May 8th. Check out the updated FAQs page for more.

Trending Topics

▪ Which industries are poised to benefit most from the rapidly developing AI technology? McKinsey offers a collection of insights that dive into perspectives across industries, including energy and materials, real estate, life sciences, high tech, and banking.

▪ Caregiver benefits is one of the top trending conversations in organizations looking to enhance their benefit offerings. The fact that childcare benefits can decrease absenteeism by 30% and turnover by 60% is a big reason to pay attention and check it out for yourself.

Network Negotiations

▪ Cigna and Providence Health Southern California are in active negotiations on their contract. Should the two be unable to agree to a new contract, Providence providers may be out of network effective is April 8, 2024. We'll continue to watch this and keep you updated.

▪ Anthem and UC Health System have come to an agreement (in principle), and they’ve mutually extended contracts through April while they work out the details.

SoCal Events

▪ 3/13, 10:00 am – 11 am: AI and HR: Accelerating Your Learning Curve

-Hosted by Mineral

-Virtual (free)

▪ 3/19, 7:00 am – 10:00 am: Your Talent Pipeline Needs an ‘Anti-Rejection’ Revolution

-NHRA Orange County

-Irvine - UCI Research Park (Member $59.00, Non-Member $79.00)

▪ 3/21, 7:00 am - 3:00 pm: AALRR 2024 Employment Law Conference: Riding the CA Wave

-Hosted by AALRR

-Cerritos Center for the Performing Arts ($289)

▪ New 2024 Registration, 10:00 am – 10:30 am: Ask Michelle, Cammayo's Compliance Talk

-3/21, 4/25, 5/23, 6/20