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 3, 2020 | Announcements, Compliance, Health Savings Accounts (HSAs), High-Deductible Health Plans (HDHPs), IRS
MedBen Compliance has updated its High Deductible Health Plan (HDHP)/Health Savings Account (HSA) summary to include 2021 IRS guidelines. In 2021, the HDHP minimum required deductible will remain at $1,400 for self-only coverage ($2,800 for family coverage), while the...Jul 23, 2020 | Compliance, MedBen Analytics, MedBen WellLiving, Preventive Care, Reference-Based Pricing, Wellness
Now that one-third of MedBen’s block of business uses some form of reference-based pricing (RBP) or direct-to-employer (DTE) contracting, these alternative reimbursement strategies are outperforming standard PPO plans in multiple ways. In terms of costs, MedBen...Apr 5, 2020 | Announcements, Caroline Fraker, Compliance, Consumer-driven Health Plans, Coronavirus, COVID-19, Dependent care assistance plan (DCAP), Family and Medical Leave Act (FMLA), Flexible spending accounts (FSAs), Health reimbursement arrangements (HRAs), Health Savings Accounts (HSAs), High-Deductible Health Plans (HDHPs), Kentucky, News, Ohio, Over-the-counter (OTC) drugs, Prescription, Regulatory, Telemedicine
The COVID-19 pandemic has resulted in a rush of new federal and state laws to address the need for testing and treatment of the coronavirus, in addition to resulting issues from work and child care changes. Many of these rules directly affect MedBen clients, so it’s...Mar 30, 2020 | Announcements, Caroline Fraker, Compliance, Coronavirus, COVID-19, Prescription, Regulatory
MedBen has prepared a summary of The Coronavirus Aid, Relief, and Economic Security Act – or CARES Act – which became law on March 28, 2020. While the majority of the CARE Act’s 335 pages deals with economic relief for American businesses, financial assistance for...Mar 26, 2020 | Announcements, Caroline Fraker, Compliance, Coronavirus, COVID-19, Department of Labor, News, Regulatory
As MedBen has reported to you elsewhere on this blog, the Families First Coronavirus Response Act (“FFCRA”) requires private employers with fewer than 500 employees and public employers with at least one (1) employee (a “Covered Employer”) to provide their employees...