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Benefits Buzz – February 2019

This month’s Benefits Buzz discusses the upcoming Affordable Care Act reporting deadlines and the removal of the wellness plan incentive limits. Click HERE to download the full newsletter.  

Benefits Buzz – January 2019

This month’s Benefits Buzz discusses the 2016 pay or play enforcement and provides an overview of the health flexible spending account contribution limit increase for 2019. Download Now: Benefits Buzz Jan 2019  

Benefits Buzz – December 2018

This month’s Benefits Buzz provides an overview of the proposed rule that would expand health reimbursement arrangement options, gives a reminder to provide a summary of benefits and coverage this open enrollment and discusses the Trump administration’s efforts to promote transparency in drug pricing. Click here to Download.

Benefits Buzz – November 2018

This month’s Benefits Buzz provides an overview of the ACA hardship exemption for 2018, discusses IRS letters being sent to noncompliant employers and teases the possibility of an overtime rule update starting next year. Click here to Download.

Benefits Buzz – October 2018

This month’s Benefits Buzz discusses the guidance on association health plans issued by the IRS and Department of Labor, provides a reminder that Medicare Part D notices are due Oct. 15 and explains the repeal of the individual mandate penalty. Click here to Download.

February 2017 Benefits Buzz

Benefits Buzz - February 2017
This edition of Benefits Buzz includes:
  • An overview of the 21st Century Cures Act (Act)
  • The highlights of the Notice of Benefit and Payment Parameters for 2018
  • Developments with Republican lawmakers proposed budget resolution that would repeal parts of the Affordable Care Act (ACA)
Download full article here  

Benefit Buzz: February

DID YOU KNOW On Dec. 16, the Internal Revenue Service released Notice 2014-1 to provide guidance on employee benefit plan elections for same-sex spouses. The ruling addresses cafeteria plans, FSAs and HSAs. An employee’s same-sex spouse may now receive benefits through a cafeteria plan. Employees may also make mid-year changes to their cafeteria plan elections, based on the new rights under the tax code. An FSA may reimburse the covered expenses of a same-sex spouse. Same-sex spouses are also subject to limits applicable to married couples under HSAs and dependent care FSAs. CLICK HERE FOR February Benefits Buzz

BenefitsBuzz January 2014

HAPPY NEW YEAR! DID YOU KNOW?? Due to key ACA changes scheduled for 2014, consumers have been receiving cancelation notices from their health insurance companies. On Nov. 14, the White House announced a transition policy for 2014 that allows insurers to extend policies that don’t meet ACA standards. However, state governors and insurance commissioners are not required to allow this transition policy. Some states are rejecting the one-year delay and are adhering to the original compliance deadline for ACA health insurance standards. Three Key Changes to the 2015 Reinsurance Program A recent HHS proposed rule (the 2015 Notice of Benefit and Payment Parameters Proposed Rule) addresses key changes to the transitional reinsurance program for 2015. The transitional reinsurance program is a three-year program required by the ACA to help stabilize coverage premiums in the individual market during the first years of the Exchange. First, the proposed rule would exempt certain self-insured, self-administered group health plans from the ACA’s reinsurance contribution requirement by redefining a “contributing entity.” This change is proposed to be effective for the 2015 and 2016 benefit years and applies to self-insured, self-administered group health plans that do not use a third party administrator for core processing functions. Click here for BenefitsBuzz!