As members of the National Association of Health Underwriters (NAHU) we receive weekly bulletins on benefit related topics, mostly focused on health insurance. Here are topics of interest from week ending September 10, 2021.
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 2003.
As members of the National Association of Health Underwriters (NAHU) we receive weekly bulletins on benefit related topics, mostly focused on health insurance. Here are topics of interest from week ending May 7, 2021.
COBRA Premium Assistance under the American Rescue Plan Act of 2021 requires employers to provide free COBRA coverage to eligible employees (and family members) between April 1, 2021 and September 30, 2021. Additional employer obligations are required during this period, including new COBRA election periods and notices. Employers will be reimbursed for the subsidized coverage through payroll tax credits.
The IRS extends the 2020 HSA contribution deadline to May 17th. The extension is applicable to after-tax HSA contributions, not pre-tax contributions through payroll deductions.
