Recent Articles
2023 Affordability Safe Harbor- decreased
In a recent Notice the IRS announced the significantly decreased percentage that will be used to determine whether employees’ share of their 2023 premiums are considered affordable for purposes of the employer mandate. Applicable Large Employers, for the 2023...
OSHA Issues COVID Vaccine Rules for Large Employers
The U.S. Department of Labor’s Occupational Safety and Health Administration (OSHA) announced on November 4, 2021 an emergency temporary standard (ETS) providing regulatory requirements for private sector employers on COVID-19 workplace vaccination and testing...
PCORI Fee – Due July 31st
What is the PCORI Fee?
The Affordable Care Act established the Patient-Centered Outcomes Research Institute (PCORI) to explore the effectiveness, risks and benefits of medical treatments. The fees were originally scheduled to be collected for plan years and policy years that end after September 30, 2012, and before October 1, 2019. In a bill recently signed by the President, the PCORI fee has been extended through fiscal year 2029 and all non-excepted employer sponsored health plans need to pay PCORI Fees by July 31st.
2025 HSA Limits Announced
The IRS announced the HSA limits for 2025. The new single maximum contribution limit is increasing to $4,300 and the family maximum is increasing to $8,550. The 2025 HSA contributions, maximum out of pocket limits, and minimum deductible limits for High Deductible...
Employer Mandate- 1094 / 1095 Reporting Requirements for 2023
Applicable large employers (ALEs) are required to report information about the health coverage they offered, or did not offer to employees for 2023. ALEs are generally entities that employed 50 or more full-time and full-time-equivalent (FTE) employees in the prior...
Gag Clause Prohibition- Attestation – Due 12/31
The Gag Clause Attestation is a newly required process requiring health plans and employer plan sponsors to annually attest to the absence of a gag clause in their health plan. The Consolidated Appropriations Act of 2021 (CAA) prohibits employer sponsored group...
News for Seniors enrolling in Medicare Part A & Part B
The rules for determining your Medicare effective date have recently changed. Previously, if you applied for Medicare any time during the month in which you turn 65, your effective date would have been the first of the month in which you turned 65. Now, your effective...
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