Recent Articles
2023 Affordability Safe Harbor- decreased
In a recent Notice the IRS announced the significantly decreased percentage that will be used to determine whether employees’ share of their 2023 premiums are considered affordable for purposes of the employer mandate. Applicable Large Employers, for the 2023...
OSHA Issues COVID Vaccine Rules for Large Employers
The U.S. Department of Labor’s Occupational Safety and Health Administration (OSHA) announced on November 4, 2021 an emergency temporary standard (ETS) providing regulatory requirements for private sector employers on COVID-19 workplace vaccination and testing...
Employer Mandate- 1094 / 1095 Reporting Requirements for 2023
Applicable large employers (ALEs) are required to report information about the health coverage they offered, or did not offer to employees for 2023. ALEs are generally entities that employed 50 or more full-time and full-time-equivalent (FTE) employees in the prior...
Gag Clause Prohibition- Attestation – Due 12/31
The Gag Clause Attestation is a newly required process requiring health plans and employer plan sponsors to annually attest to the absence of a gag clause in their health plan. The Consolidated Appropriations Act of 2021 (CAA) prohibits employer sponsored group...
News for Seniors enrolling in Medicare Part A & Part B
The rules for determining your Medicare effective date have recently changed. Previously, if you applied for Medicare any time during the month in which you turn 65, your effective date would have been the first of the month in which you turned 65. Now, your effective...
2024 Affordability Percentage – Lowest Yet
In a recent Notice the IRS announced another decreased percentage that will be used to determine whether employees’ share of their 2024 premiums are considered affordable for purposes of the employer mandate. Applicable Large Employers, for the 2024 plan year,...
Employer Requirement – Creditable Coverage Notice Due October 15th
Employers who provide prescription drug coverage to those who are or may become eligible for Medicare Part D, must notify both plan members and CMS on whether the coverage provided is deemed “creditable” or “non-creditable” per the Medicare Modernization Act (MMA) of...
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