Compliance with benefits regulations is vital for any business owner, but it can be a challenge to stay up-to-date on the ever-changing landscape. By being aware of the major issues currently affecting cannabis businesses, you can take steps to ensure that your company is in compliance with the law.
There are a number of potential issues that can arise with weed business benefit management, so it’s important to make sure to recognize and avoid them.
Potential issues range from maintaining a safe workplace to protecting against surprise medical billing. By taking steps to address these issues, you can help keep your business in compliance with the law. Keep an eye out for our next blog post where we will discuss 3 more potential benefits compliance issues.
One of the most important compliance issues facing cannabis businesses is maintaining a safe workplace. This includes ensuring that all employees have the proper training and equipment to do their jobs safely. It also means having policies and procedures in place to prevent accidents and injuries.
Furthermore, businesses must provide a safe working environment for all employees, including those with medical conditions that could be exacerbated by exposure to cannabis smoke or other chemicals used in the cultivation and processing of cannabis.
Another compliance issue that cannabis businesses need to be aware of is transparency for group health plans, insurers, and hospitals. The Affordable Care Act (ACA) requires that all group health plans disclose certain information to participants and beneficiaries. This information includes plan terms and conditions, coverage options, premium rates, and more.
Furthermore, the ACA requires insurers to disclose information about their policies and coverage options to potential enrollees. Hospitals are also required to provide patients with information about their rights and responsibilities under the law.
A third compliance issue that businesses need to be aware of is surprise billing. Surprise billing occurs when a patient receives a bill for services that they did not expect to be charged for. This can happen when a patient receives care from an out-of-network provider or when they are treated at an in-network hospital but receive care from an out-of-network doctor.
Surprise billing can also occur when a patient is charged for services that are not covered by their insurance plan. To avoid surprise billing, it is important for businesses to understand their insurance coverage options and verify that all providers they use are in-network.
The fourth and final compliance issue we will discuss is gender and family planning issues in benefits. The Equal Employment Opportunity Commission (EEOC) prohibits discrimination in benefits on the basis of sex or gender identity. This means that companies cannot offer different benefits packages to men and women or deny coverage based on an employee’s gender identity.
In addition, companies cannot refuse to cover expenses related to family planning or pregnancy; they must provide the same level of coverage for these expenses as they do for other medical expenses covered by the plan.
At Green Leaf Business Solutions, we offer a comprehensive suite of services to help you with managing benefits for your employees. From compliance support to cost-effective 401k plans where employees can make contribution changes that feed directly into their payroll, we have you covered. We can also provide you with online access to the benefits provider, online eligibility reminders, and more. Let us take the hassle out of the benefits compliance so you can focus on other aspects of your business. Reach out to us today and see what we can do for you!