Requirement for Medicare Part D plan sponsors
Compliance Alert: Medicare Part D Coverage Notices Due Mid-October The October 14, 2022 deadline by which plan sponsors that offer prescription drug coverage to provide notices of creditable or non-creditable coverage to Medicare-eligible individuals is fast...
How to handle the Affordable Care Act’s “Family Glitch”
Compliance Alert: Biden Administration issues final rule to end the "Family Glitch" The Biden Administration issued a final regulation and a new IRS notice on October 11, 2022, which eliminate the Affordable Care Act’s (ACA) “family glitch” beginning on January 1,...
Relief Granted: Issuers and TPAs Can Satisfy Website Posting Requirement
Compliance Alert: Updated details addressing No Surprises Act and Transparency in Coverage Rules On Friday, August 19, 2022, the Departments of Labor, Health and Human Services, and Treasury (the Departments) issued updated FAQs addressing the No Surprises Act and the...
You Received a Medical Loss Ratio Rebate – Now What?
Compliance Alert: Medical Loss Ratio Rebate Guidelines Many sponsors of fully insured health plans either already have or will soon receive checks from their insurance carriers, along with a notice informing them that the check is a medical loss ratio (MLR) rebate....
IRS issues 2023 health and fringe benefit plan limits
Compliance Alert: 2023 Health FSA Inflation Adjustments On October 18, 2022, the Internal Revenue Service issued Revenue Procedure 2022-38 that sets forth various 2023 tax-related limits that have been adjusted for inflation. The table below identifies updates to the...
Tip 22: Treat the EAP like a real plan
Tip # 22: Treat the EAP like a real plan The EAP is an Employee Assistance Program. If your employees don't know it exists, or they think they aren't enrolled it won't assist anyone. And, you may need to do some digging to see if you even have an EAP, as...