by Geralyn Isler | September 16, 2024 | Employee Benefits, Employer Guidance, Recommended Articles
In a recent Notice the IRS announced the significantly increased percentage that will be used to determine whether employees’ share of their 2025 premiums are considered affordable for purposes of the employer mandate. Applicable Large Employers, for the 2025... by Angel Carrier | September 11, 2024 | Employee Benefits, Employer Guidance
Employers who provide prescription drug coverage to those who are or may become eligible for Medicare Part D must meet two requirements per Centers for Medicare and Medicaid Services (CMS) guidelines to maintain compliance: 1) notify CMS and 2) notify members of creditable coverage status.
by Angel Carrier | May 15, 2024 | Employer Guidance, Health Care Reform, Healthcare Reform
What is the PCORI Fee?
The Affordable Care Act established the Patient-Centered Outcomes Research Institute (PCORI) to explore the effectiveness, risks and benefits of medical treatments. The fees were originally scheduled to be collected for plan years and policy years that end after September 30, 2012, and before October 1, 2019. In a bill recently signed by the President, the PCORI fee has been extended through fiscal year 2029 and all non-excepted employer sponsored health plans need to pay PCORI Fees by July 31st.
by Jimmy Beatrice | May 15, 2024 | Employee Benefits, Employer Guidance
The IRS announced the HSA limits for 2025. The new single maximum contribution limit is increasing to $4,300 and the family maximum is increasing to $8,550. The 2025 HSA contributions, maximum out of pocket limits, and minimum deductible limits for High Deductible... by Geralyn Isler | November 15, 2023 | Employee Benefits, Employer Guidance, Health Care Reform, Healthcare Reform, Recommended Articles
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... by Geralyn Isler | October 5, 2023 | Employer Guidance, Health Care Reform, Recommended Articles
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... by Lee Arkenau | September 20, 2023 | Medicare & Individual
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... by Geralyn Isler | September 19, 2023 | Employee Benefits, Employer Guidance, Health Care Reform, Recommended Articles
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,... by Angel Carrier | September 11, 2023 | Uncategorized
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...August 23, 2023 | Business Benefit News
Gary Beatrice’s legacy continues to grow through a new award named in his memory. The Northern Kentucky Chamber of Commerce will be announcing the winner of the Gary Beatrice Regional Youth Leadership Award during their celebration at the Newport Aquarium on August...
