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Compliance Updates

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ACA Pay or Play Penalties Will Increase for 2024

published: March 24, 2023 | tagged in: Compliance Updates, Employee Benefits Compliance News, News
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ACA Pay or Play Penalties Will Increase for 2024

On March 9, 2023, the IRS released updated penalty amounts for 2024 related to the employer shared responsibility (pay or play) rules under the Affordable Care Act (ACA). For […]
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PROPERTY/CASUALTY MARKET REPORT – Q4 2022

published: March 13, 2023 | tagged in: Cyber Security, Emerging Risks, Insurance Costs, Intellectual Property, News, Risk Management, Risk Management Compliance News
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PROPERTY/CASUALTY MARKET REPORT – Q4 2022

Premiums increased for the 21st consecutive quarter in Q4 2022, with respondents reporting an average premium increase across all account sizes of 8.0%, down slightly from 8.1% in Q3 […]
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Air Ambulance Reporting – No, it is not happening in 2023.

published: March 10, 2023 | tagged in: Claims Reporting, Compliance Updates, Employee Benefits Compliance News, News
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Air Ambulance Reporting – No, it is not happening in 2023.

Background Included in the No Surprises Act (NSA) is a provision requiring carriers and health plans to report information regarding air ambulance service claims to the Centers for Medicare […]
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THE 3 C’S OF RECESSION RESILIENCE

published: March 8, 2023 | tagged in: Employee Benefits Compliance News, Financial Wellness, News
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THE 3 C’S OF RECESSION RESILIENCE

The winds of change are blowing, and the signs are clear – a recession is on the horizon. From slowing consumer spending to tightening liquidity, businesses are feeling the […]
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HIPAA Special Enrollment Requests to Increase Due to Loss of Medicaid Eligibility

published: February 24, 2023 | tagged in: Compliance Updates, Coronavirus, Employee Benefits, Employee Benefits Compliance News, News
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HIPAA Special Enrollment Requests to Increase Due to Loss of Medicaid Eligibility

Beginning April 1, 2023, states that maintained continuous Medicaid enrollment during the COVID-19 pandemic may start terminating coverage for individuals who are no longer eligible. Employers will likely see […]
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2023 P+C Market Outlook

published: January 9, 2023 | tagged in: Insurance Costs, Insurance Resources, News, Risk Management, Risk Management Compliance News
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2023 P+C Market Outlook

A Shifting Market Since 2019, the commercial insurance sector has been grappling with a hard marketplace—one that is particularly less friendly to insurance buyers. Such challenging conditions were brought […]
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CONGRESS FURTHER EXTENDS HSA-RELIEF FOR PRE-DEDUCTIBLE TELEHEALTH SERVICES

published: December 30, 2022 | tagged in: Compliance Updates, Employee Benefits Compliance News, News
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CONGRESS FURTHER EXTENDS HSA-RELIEF FOR PRE-DEDUCTIBLE TELEHEALTH SERVICES

On December 23, 2022, the Consolidated Appropriations Act, 2023 (CAA-23) was passed by Congress and signed into law by President Biden. Critically, CAA-23 includes a provision extending temporary relief for […]
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DRUG COST REPORTING DEADLINE DELAYED TO JANUARY 31, 2023

published: December 27, 2022 | tagged in: Compliance Updates, Employee Benefits Compliance News, News
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DRUG COST REPORTING DEADLINE DELAYED TO JANUARY 31, 2023

On Friday, December 23, 2022, the Departments of Labor, Health & Human Services, and the Treasury (collectively, the “Departments”) announced that the Prescription Drug Data Collection (RxDC) reporting deadline […]
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SUNSETTING HSA-RELIEF FOR PRE-DEDUCTIBLE TELEHEALTH SERVICES

published: December 16, 2022 | tagged in: Compliance Updates, Employee Benefits Compliance News, Financial Wellness, Healthcare Reform, News
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SUNSETTING HSA-RELIEF FOR PRE-DEDUCTIBLE TELEHEALTH SERVICES

Beginning on January 1, 2023, high-deductible health plans (HDHPs) may no longer take advantage of a temporary rule that has permitted pre-deductible coverage of telehealth or other remote care […]
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PROPERTY/CASUALTY MARKET REPORT – Q3 2022

published: November 21, 2022 | tagged in: Cyber Security, Emerging Risks, Insurance Costs, News, Risk Management, Risk Management Compliance News
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PROPERTY/CASUALTY MARKET REPORT – Q3 2022

Premiums increased for the 20th consecutive quarter in Q3 2022, with respondents reporting an average premium increase across all account sizes of 8.1%, up from the increase of 7.1% […]
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