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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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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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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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REMINDER: PCORI FEES

published: November 18, 2022 | tagged in: Compliance Updates, Employee Benefits, Employee Benefits Compliance News, Healthcare Reform, Insurance Costs, News
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REMINDER: PCORI FEES

Issue Date: November 2022  In Notice 2022–59, the IRS provided the adjusted PCORI fees for plan years ending in October 2022 through September 2023. Employers who sponsored self-funded medical […]
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Life Insurance – Imputing Income

published: November 16, 2022 | tagged in: Employee Benefits, Employee Benefits Compliance News, News
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Life Insurance – Imputing Income

Originally Published September 2020  Updated October 2022  Life insurance policies (both group term life and supplemental life policies) are commonly offered by employers, but such policies cannot always be […]
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Question of the Month – Timing for Medicare Part D Creditable Coverage Notice

published: October 21, 2022 | tagged in: Compliance Updates, Employee Benefits Compliance News, News
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Question of the Month – Timing for Medicare Part D Creditable Coverage Notice

Question: Is the Medicare Part D Creditable Coverage Notice Always Due by October 14? Or can I issue it as part of my mid-year plan renewal instead? Answer: While […]
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