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Check back often for the latest news & updates in benefits and insurance.

From employee benefits information to hot topics in healthcare reform—find the most current information here!

Jun
26
2019 ‘Pay or Play’ Affordability Percentage Set at 9.86%
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Percentage Up from 2018

Under the employer shared responsibility (“pay or play”) provisions of the Affordable Care Act, applicable large employers—generally those who had 50 or more full-time employees (including full-time equivalent employees)—may be subject to a penalty if they do not offer affordable coverage that provides minimum value to their full-time employees and their dependents. For plan years beginning in 2019, the Internal Revenue Service has announced that…

May
11
2018 HSA Limit for Family Coverage Changed Again
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On April 26, 2018, the IRS announced that, for 2018, taxpayers with family high deductible health plan (HDHP) coverage may treat $6,900 as the annual contribution limit to their health savings accounts (HSAs).  The IRS has now decided to allow taxpayers with family HDHP coverage to use the original $6,900 limit for HSA contributions for 2018, without facing excess contribution penalties. Employers with HDHPs may want to inform their employees about the HSA contribution limit change for family…

Jan
27
New Regulations Proposed for Summary of Benefits and Coverage
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The Departments of HHS, DOL and Treasury released a proposed new SBC template, instructions, uniform glossary and other materials. According to the Departments, the proposed changes are designed to improve consumers’ access to important health plan information, as well as to provide clarifications that will make it easier for group health plans and health insurance issuers to comply with the SBC requirement.

The proposed modifications would clarify when and how a plan or issuer must…

Jan
27
New Regulations Proposed for Summary of Benefits and Coverage
0 Comments

The Departments of HHS, DOL and Treasury released a proposed new SBC template, instructions, uniform glossary and other materials. According to the Departments, the proposed changes are designed to improve consumers’ access to important health plan information, as well as to provide clarifications that will make it easier for group health plans and health insurance issuers to comply with the SBC requirement.

The proposed modifications would clarify when and how a plan or issuer must…

Jun
11
Is Your Health Plan Ready for 2015?
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Additional reforms become effective in 2015 for employers sponsoring group health plans. For 2015, the most significant ACA development impacting employers is the shared responsibility penalty for applicable large employers, the look-back measurement method, and related reporting requirements. Are you prepared for the Health Care Reform upcoming 2015 requirements?  It is time to develop a compliance strategy.

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