SHRM News
NELA SHRM 2023 Q1 Newsletter
NELA SHRM on the Bayou Presents: The Ultimate Business After Hours CELEBRATING PEOPLE LEADERS OF NORTHEAST LOUISIANA A celebration of Administrative Professionals, HR Practitioners, Directors, Managers and Supervisors in every sector of business who work beyond barriers making a difference every day. The Ultimate Business After Hours took place on Wednesday, April 26, 2023, from 6:00 PM to 9:00 PM, at Bayou Pointe on the campus of the University of Louisiana Monroe. |
Board Member Spotlight
Name: Shelva Thomas
NELA SHRM Board Title: President - Elect
Number of Years with NELA SHRM: 7 years
Company you work for: Housing Authority of the City of Monroe
Title: Director of Human Resources and Administrative Officer
ULM SHRM Student Member Spotlight
Name: Madeline McClain
ULM SHRM Officer Title: Secretary
Major: Health Studies Management and Marketing
Expected Date of Graduation: December 2022
1. Why did you become involved with SHRM? I attended my first SHRM meeting after hearing a speaker in MGMT3005. The speaker described the many different aspects of Human Resources and went into detail regarding her day-to-day life. When entering college, I knew I wanted to help people and foster relationships with them. Through HR, I am able to do so.
2. What is your favorite thing about serving as ULM SHRM Board? The best part of serving on the ULM SHRM Board is having access to many opportunities that will help me in the future. Networking is my favorite part of serving on the ULM SHRM board. I have enjoyed creating relationships with faculty and other students with similar interests.
3. If you could plan a vacation anywhere in the world, where would you go? If I could vacation anywhere in the world, I would travel around Europe. I think it would be a great experience to see the way other cultures live their day-to-day life.
4. What has been your favorite class at ULM? My favorite class I have taken as ULM is either Health Disparities (HLST2003) or Organizational Behavior (MGMT3005).
5. After you graduate, where do you want to live? After graduation, I plan on moving to a large metropolitan area.
6. Tell us a little about your career plans. When I graduate from ULM, I plan on going into healthcare management or healthcare recruiting.
7. What is your favorite quote? “Comparison is the biggest thief of joy.”
8. What advice would you give someone considering joining the ULM SHRM Chapter? Do not let your major stand in the way of joining SHRM! I am a health studies major and have learned so much that is applicable in all aspects of life.
Sections 6055 and 6056 Reporting Relief On November 22, 2021, the IRS released proposed regulations that would provide relief to applicable large employers (ALEs) and other entities related to the Patient Protection and Affordable Care Act (ACA) employer shared responsibility (ESR) reporting of offers of health coverage and disclosure to participants of their health coverage. Deadline to furnish statements extended permanently to 30 days after January 31st The proposed rules provide for an automatic extension of the deadline for employers to furnish statements to individuals under both Internal Revenue Code (IRC) Sections 6055 and 6056 to no later than 30 days after January 31 of the calendar year following the year to which the reporting applies. In practical terms, this rule extends the deadline to March 2 (March 1 in a leap year). This extension is intended to apply for calendar years beginning after December 31, 2021, but the IRS indicated that employers may choose to use the extended deadline to furnish statements for calendar years beginning after December 31, 2020. As a result, employers may rely upon the extended deadline when furnishing statements to individuals in 2022. Alternate manner available for furnishing statements about employee’s coverage under Section 6055 Additionally, the proposed rules permit insurers, ALEs and other reporting entities to use an alternative method to furnish information about employees’ coverage during the past year under IRC Section 6055. For ALEs that sponsor a self-insured plan this alternative method will apply only to those individuals for whom they would otherwise be permitted to furnish a Form 1095-B, such as full-year COBRA participants and other non-employees. ALEs that sponsor insured health plans are not required to report under Code section 6055, so the alternative method of furnishing this information will be available only to those plans’ insurers. Both fully insured and self-insured employers will still be required to furnish Forms 1095-C to their current employees and dependents to report offers of coverage under ACA ESR rules. Additional information on the proposed regulations is contained in our article, IRS Proposes Relief for ACA Reporting. |
|
|
|
Employees can put an extra $100 into their health care flexible spending accounts (health FSAs) next year, the IRS announced today, as the annual contribution limit rises to $2,850, up from $2,750. But with open enrollment for the 2022 benefits year under way at many organizations, the increase may have come too late for some employees to take advantage of it. |
|
||||||
|
|
New ACA, HDHP, and HSA Limits
Recently, Health & Human Services and the Internal Revenue Service issued the 2022 ACA out-of-pocket maximums and HDHP and HSA limits. See the below chart for the new limits.
Provision |
2021 |
2022 |
ACA Maximum Out of Pockets |
||
|
$8,550 |
$8,700 |
|
$17,100 |
$17,400 |
HDHP Minimum Deductible |
||
|
$1,400 |
$1,400 |
|
$2,800 |
$2,800 |
HDHP Maximum Out-of-Pocket |
||
|
$7,000 |
$7,050 |
|
$14,000 |
$14,100 |
HSA Contribution Maximum |
||
|
$3,600 |
$3,650 |
|
$7,200 |
$7,300 |
|
$1,000 |
$1,000 |
Please see HHS Finalizes ACA Cost-Sharing Limits for 2022 and IRS Releases 2022 HSA Values for more details, including our estimated ACA Employer Mandate penalties for 2022. These articles will be included in the May 25 Directions Newsletter.
|
Compliance
Completing and maintaining Form I-9s on all employees shows the good faith effort of the employer in establishing their employees are legally authorized to work in the United States. This resource center provides the tools and information to avoid improperly completed, updated or retained forms, which can jeopardize the success of a ICE audit.
Volunteer of the Year Award
NELA SHRM is accepting nominations for Volunteer of the Year Award which recognizes outstanding service chapter members do in the field of human resources and our local SHRM chapter. Volunteers are critical to the success of the chapter as we continually look for ways to give back to the HR profession and our local community.
NELA SHRM Volunteer of the Year Award recognizes the outstanding volunteer whose dedicated service has made a significant difference in the chapter and mirrors the commitment to success in our HR professional industry. NELA SHRM Volunteer of the Year Award recognizes an outstanding member who selflessly volunteers his or her time, promotes, engages and supports the chapter, and is committed to advancing and elevating the HR profession.
NELA SHRM Volunteer of the Year Award considers an ideal volunteer who delivers consistent performance, brings additional resources to the chapter, and enhances the ability of the chapter to carry out chapter goals or increase chapter impact. NELA SHRM Volunteer of the Year Award provides the highest level of recognition.
AWARD CRITERIA
To be eligible for consideration for the NELA SHRM Volunteer of the Year Award, the nominee shall:
Be in good standing as a member of the local NELA SHRM Chapter
Be in good standing as a national SHRM member
Make recognizable efforts to further the HR profession
Show initiative and leadership within the NELA SHRM chapter
Display characteristics as described in award description
JUDGING PROCESS
The Awards Committee shall be comprised of four members of the Board and one student member (if available) and shall evaluate all nominees and select a winner. If a Board Member on the committee has been nominated, he or she is prohibited from self-voting. Although multiple nominations can be submitted for each nominee, only one nomination is required to ensure eligibility for the award.
ANNOUNCEMENT
Winner will be announced at the December Meeting Social of each year.
DEADLINE
Nominations should be submitted by November 15 of each year.
SHRM Certification Prep Course
|