Skip to main content

January 2024 Newsletter

Wednesday, January 10, 2024

Employee Wellness 

Provide your employees with the latest wellness newsletter with the January edition of Live Well, Work Well

Educate employees about their benefits with the January Benefits & Me Newsletter.

Upcoming ACA Reporting Deadlines

Employers subject to ACA reporting under Internal Revenue Code Sections 6055 or 6056 should prepare to comply with reporting deadlines in early 2024. For the 2023 calendar year, covered employers must:

  • Furnish statements to individuals by March 1, 2024
  • File paper returns with the IRS by February 28, 2024, or April 1, 2024, if filing electronically.
    • Beginning in 2024, employers that file at least 10 returns during the calendar year must file electronically.

Click here to learn more about ACA Reporting. 

Click here to see our recent webinars on ACA Reporting for Self-Funded Employers and Applicable Large Employers

Medicare News 

Drugmakers Increasing Prices on More Than 500 Drugs in January

Older Americans Feel Trapped in Medicare Advantage Plans

New ID Cards for Sentara Health Plans (Optima Health)

Optima groups who renewed before January 1, 2024 will receive new member ID cards with the new name and logo for Sentara Health Plans. Upon arrival, members should destroy the ID cards with the former Optima Health logo on them.

You can learn more about their name change here.

HR Insights

January HR Brief Newsletter

Employee or Independent Contractor Classification Under the FLSA

ACA Reporting Penalties

Pay or Play Affordability Percentage Will Decrease for 2024

Happy New Year From HR on Mic

Welcome to a new year! In this episode, Barbara and Corbin share their plans for HR on Mic in 2024. 

Click here to listen. 

Also available on Spotify. 

Anthem Life & Disability Moving to The Standard

StanCorp Financial Group, Inc. (The Standard) will soon acquire Anthem's life and disability (L&D) business. The contract is expected to close in the first quarter of 2024. Anthem has been migrating L&D groups to a single enrollment and billing system called Compass since October to prepare for the transition. The migration is happening in waves based on your group's renewal date:

Group Renewal Month


February - March

April - June

July - September

October - December


Migration Starts

October 2023

September 2023

November 2023

December 2023

February 2024

About two months before your migration start date, you should have received letters detailing the changes and outlining the next steps. Click here to see the sample client letters. Some employers will need to sign and return a form to access the Compass self-service tools, and if so, the form would have been included in your letter.

Please let our team know if you did not receive your instructions from Anthem. This change only impacts L&D plans. There are no changes to Anthem's medical, dental, vision, and supplemental health plans.