Read up on our first quarterly blog of 2024. 

2024 Federal Poverty Levels Impact Employer Liability Under Pay-or Play Rules
The US Department of Health and Human Services (HHS) updates federal poverty levels (FPLs) each year to determine eligibility for certain programs and benefits. HHS’s new guidelines set the 2024 FPL for an individual at $15,060 (up from $14,580 for 2023) in the 48 contiguous states and the District of Columbia. For Alaska and Hawaii, FPLs for an individual are $18,810 and $17,310, respectively (up from $18,210 and $16,770 for 2023).

Read more here.

IRS Releases ACA Pay-or-Play Penalties for 2025
On February 12, 2024, the IRS released updated penalty amounts for 2025 related to the employer shared responsibility (pay-or-play) rules under the Affordable Care Act (ACA).

Read more here.

2024 Compliance Checklists
The following checklists are summary self-audit compliance guides for various employee benefit plans under ERISA, the Internal Revenue Code, HIPAA, and other applicable statutes. These checklists are intended to ensure the company’s “welfare benefit plans” comply with ERISA and certain other statutes.

These checklists apply to “welfare benefit plans” as defined under ERISA, which means that certain items in these summary checklists are not applicable to government entities and “church plans,” since they are exempt from ERISA. Also, these checklists are not applicable to retirement plans — that is, these checklists are directed at only “welfare benefit plans” such as group health plans, group term-life insurance, disability plans, and so on.

2024 TPG Compliance Checklist Group Size: 2-49
2024 TPG Compliance Checklist Group Size: 50-99
2024 TPG Compliance Checklist Group Size: 100+