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Benefits Buzz September 2022

ACA Pay or Play Penalties Increase for 2023 On Aug. 16, 2022, the IRS updated its FAQs on the Affordable Care Act’s (ACA) employer shared responsibility (pay or play) rules to include updated penalty amounts for 2023. The adjusted $2,000 … Continue reading

Benefits Buzz August 2022

Draft Forms for 2022 ACA Reporting Released The IRS released draft 2022 forms for reporting under Internal Revenue Code Sections 6055 and 6056. Draft instructions for these forms have not yet been released. 2022 draft Forms 1094-B and 1095-B are … Continue reading

Benefits Buzz July 2022

DOL Guidance on FMLA and Mental Health Conditions The Department of Labor’s (DOL) Wage and Hour Division has released new resources on workers’ rights to leave for mental health conditions under the Family and Medical Leave Act (FMLA). The DOL … Continue reading

Benefits Buzz June 2022

HSA/HDHP Limits Increase for 2023 On April 29, 2022, the IRS released Revenue Procedure 2022-24 to provide the inflation-adjusted limits for health savings accounts (HSAs) and high deductible health plans (HDHPs) for 2023. The IRS is required to publish these … Continue reading

Benefits Buzz January 2022

Supreme Court will Review Federal Vaccine Mandates On Dec. 22, 2021, the U.S. Supreme Court announced that it will hear oral arguments regarding whether two federal vaccine requirements can be enforced while legal appeals are in process. On Jan. 7, … Continue reading

Benefits Buzz December 2021

New Rule Requires Reporting of Medical and Prescription Drug Costs On Nov. 17, 2021, federal agencies released an interim final rule requiring health plans and issuers to report information regarding the cost of prescription drugs and certain medical expenses. This … Continue reading

Benefits Buzz November 2021

FAQs Address COVID-19 Vaccine Coverage and Premium Discounts On Oct. 4, 2021, the Departments of Labor (DOL), Health and Human Services (HHS) and the Treasury issued FAQs addressing rules regarding premium incentives for COVID-19 vaccines and rapid coverage of preventive … Continue reading

Benefits Buzz October 2021

Medicare Part D Notices Due Before Oct. 15, 2021 Each year, Medicare Part D requires group health plan sponsors to disclose whether the health plan’s prescription drug coverage is creditable to individuals eligible for Medicare Part D and to the … Continue reading

Benefits Buzz July 2020

IRS Announces HSA and HDHP Limits for 2021 The IRS recently released Revenue Procedure 2020-32 to provide the inflation-adjusted limits for health savings accounts (HSAs) and high deductible health plans (HDHPs) for 2021. These limits vary based on whether an … Continue reading

Benefits Buzz June 2020

Updated Model COBRA Notices Available   The Department of Labor (DOL) recently issued new model notices for group health plan administrators to use to comply with COBRA notification requirements. Although plan administrators are not required to use the updated model … Continue reading

Plan Implementation

Securing the best insurance package for your business begins with planning. Analyzing all your risks is critical to successful implementation of your employer group benefits.

Data Analysis

Data analysis allows you to manage and reduce your claims activity. By analyzing your losses, we can help you develop cost containment strategies and employee communication campaigns.

Communications

Understanding the increased complexity of employee benefits is a challenge. Staying abreast of the issues you face and developing strategies to meet the constant demands of business can give you a competitive edge.