Sep 2, 2022 | Affordable Care Act, Cost Savings, Fully Insured, Savings, Self-funding, Third party administration
Fully-insured employers may soon face double-digit premium increases… a good reason to explore making the switch to self-funding solutions.Benefits PRO reports:”Marketplace insurers are proposing a 10% premium rate hike in 2023 in 13 states and DC. An...
Aug 23, 2022 | Affordable Care Act, Birth Control, Compliance, Regulatory
As you are likely aware, the Affordable Care Act (ACA) requires that all non-grandfathered group and individual health insurance plans provide access to FDA-approved contraceptives, including related contraceptive counseling and medical services, without cost-sharing...
Nov 1, 2020 | Affordable Care Act, Announcements, Compliance
To help clients keep track of the various limitations associated with health care reform, the MedBen Compliance team has compiled “ACA by the Numbers,” a downloadable summary of the key financial components under the Affordable Care Act. The limitations...
Oct 18, 2020 | Affordable Care Act, Compliance, IRS, News
The Internal Revenue Services (IRS) has extended the deadline for distributing IRS Form 1095 to employees from January 31, 2021 to March 2, 2021. Now is the time for self-funded employers to start thinking about and complying with a critical health care reform...
Sep 7, 2020 | Affordable Care Act, Department of Health and Human Services (HHS), Department of Labor, News, Plan Design, Summary of Benefits & Coverage (SBC)
The Departments of Health and Human Services and Labor have issued updated templates for Summary of Benefits & Coverage (SBC). The Affordable Care Act requires self-funded health plans and insurers to provide an SBC every year to help employees make informed plan...
Jun 11, 2020 | Affordable Care Act, Announcements, IRS, News, PCORI
As in years past, all self-funded employer health plan sponsors are required to file and pay their Patient-Centered Outcomes Research Institute (PCORI) fee no later than July 31, 2020. As part of the Further Consolidated Appropriations Act of 2020, Congress last year...
