by The Lawyers | Jun 28, 2023 | Compliance, Employee Benefits, Health Insurance, HSA
Compliance Alert: HSA participants and high deductible health plans Late last week, the IRS published additional guidance modifying the COVID-19 coverage that high deductible health plans (HDHPs) can provide while maintaining their HSA-qualified status. This notice...
by The Lawyers | Jun 14, 2023 | Compliance, Employee Benefits, Health Insurance, Plan Design
Compliance Alert: “Strong warning” – Fixed indemnity plans cannot be used to avoid taxation Over the past several years, the employer-plan marketplace has seen a rise in “fixed-indemnity wellness policies,” which promise to help both employers and...
by Stacy Barrow | Jun 6, 2023 | ACA, Compliance
REMINDER: PCORI Fees Due By July 31, 2023 Employers that sponsor self-insured group health plans, including health reimbursement arrangements (HRAs) should keep in mind the upcoming July 31, 2023 deadline for paying fees that fund the Patient-Centered Outcomes...
by The Lawyers | Jun 1, 2023 | Compliance, Employee Benefits, Health Insurance
Compliance Alert: Claims must be properly and fully substantiated for tax-favored status The federal Section 125 “cafeteria plan” regulations permit health plans to reimburse participants for qualifying medical and dependent care expenses on a pre-tax basis...
by The Lawyers | May 25, 2023 | Compliance, Employee Benefits, Health Insurance, HSA
Compliance Alert: Maximum annual 2024 contribution limits for HSAs under HDHPs On May 16, 2023, the Internal Revenue Service released updates to the maximum annual 2024 contribution limits for health savings accounts (HSAs) under high deductible health plans...
by The Lawyers | Apr 6, 2023 | Compliance, Data Analytics, Employee Benefits, Health Insurance, Medicare
Compliance Alert: Prescription drug and healthcare spending data collection The federal Centers for Medicare and Medicaid Services released the 2022 instructions for the prescription drug and health care spending data collection (RxDC) requirement on Monday, March 27,...
by The Lawyers | Apr 6, 2023 | ACA, Employee Benefits, Health Insurance, Pharmacy
On March 30, 2023, U.S. District Court Judge Reed O’Connor of the Northern District of Texas issued a final judgment that strikes down portions of the Affordable Care Act’s (ACA) preventive care coverage requirement. The ACA requires the following preventive care...
by The Lawyers | Mar 22, 2023 | Compliance, Dept of Labor, Employee Benefits, ERISA, Pharmacy
Compliance Alert: Guidance issued on gag clause prohibitions The new compliance obligations that the Consolidated Appropriations Act of 2021 (CAA, 21) created for employer-sponsored plans can seem endless at times. One of the lesser-known parts of the CAA, 21 is the...
by The Lawyers | Mar 14, 2023 | ACA, Compliance, Employee Benefits
Compliance Alert: 2024 Employer Mandate Penalties Released The Affordable Care Act (ACA) requires applicable large employers (ALEs), meaning employers that averaged at least fifty full-time employees (including full-time equivalent employees) during the preceding...
by The Lawyers | Feb 28, 2023 | ACA, ACA Reporting, Compliance
Compliance Alert: New Rule Requires Electronic Information Reporting for Most Businesses On February 23, 2023, the Internal Revenue Service (IRS) issued a final regulation that requires electronic form filing for common employer form series, such as Form W-2, the Form...
