Feb 17, 2023 | Affordable Care Act, Birth Control, Compliance, News, Prescription
On February 2, 2023, the Departments of Labor, Health and Human Services, and Treasury (the “Tri-Agencies”) proposed a rule to expand women’s access to birth control under the Affordable Care Act (ACA). The proposed rule revises the exemption allowances...
Jan 24, 2023 | Affordable Care Act, Compliance, Forms, IRS, Medicare, PCORI, Reporting
To keep you “in the know” about mandatory regulatory due dates for health plan sponsors, the MedBen Compliance team recently compiled a “Self-funded Plan Sponsors Annual Compliance Deadlines” list. We encourage you to download this document and...
Jan 4, 2023 | Affordable Care Act, Cafeteria plans, Consumer-driven Health Plans, Health insurance exchanges, IRS
Once again, the IRS is seeking to increase access to federal Health Insurance Exchange coverage… this time, by offering greater flexibility to sponsors of cafeteria plans. As explained in Notice 2022-41, the IRS has expanded the change-in-status rules for...
Dec 23, 2022 | Affordable Care Act, Compliance, IRS, Regulatory
First, the good news: Just in time, the IRS has issued a final rule making permanent the automatic 30-day extension deadline to furnish employees their Affordable Care Act (ACA) 1095 forms. The final rule (Information Reporting of Health Insurance Coverage and...
Nov 28, 2022 | Affordable Care Act, Compliance, Form 1094, Form 1095, IRS, Regulatory
Now is the time for self-funded employers to start thinking about and complying with a critical health care reform mandate: Providing the IRS with an accurate accounting of health coverage for full-time employees via IRS Forms 1094 and 1095. Per the Affordable Care...
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...
