Anthem Blue Cross Blue Shield and Christ Hospital- Agreement
The Christ Hospital Health Network (TCH) and Anthem Blue Cross and Blue Shield have reached an agreement on a new contract starting April 1, 2023. Their plan’s benefits will continue to cover care at all Christ Hospital Network locations with Christ Hospital Network...2023 Employer Mandate- 1094/1095 Reporting Requirements for 2022
Applicable large employers (ALEs) are required to report information about the health coverage they offered, or did not offer to employees for 2022. ALEs are generally entities that employed 50 or more full-time and full-time-equivalent (FTE) employees in the prior...New HDHP Safe Harbor for Insulin
On August 16, 2022, President Biden signed into law the Inflation Reduction Act of 2022. One important provision of the act for employers is the expansion of coverage of insulin under high deductible health plans (HDHPs). Effective for plan years beginning on or...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...Employer Requirement – Creditable Coverage Notice Due October 15th
Employers who provide prescription drug coverage to those who are or may become eligible for Medicare Part D, must notify both plan members and CMS on whether the coverage provided is deemed “creditable” or “non-creditable” per the Medicare Modernization Act (MMA) of 2003. Creditable coverage means that the government considers the employer’s prescription drug coverage as good as or better than the Medicare drug benefit. Often, insurance carriers provide notices that outline whether your plan(s) are creditable or not. Many of the prescription copay plans are creditable, but often the High Deductible Health Plans (HDHP) are not. Determinations are subject to change each year.
Implications of Abortion Decision on Employee Benefit Plans
Last week’s decisions raise many questions for employee benefit plan sponsors that may take months or even years to fully resolve. However, existing law does help to answer certain key questions: How is it determined if fully insured plans cover abortion? How is it...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...2023 HSA Limits Announced
The IRS announced the HSA limits for 2023. The new single maximum contribution limit is increasing to $3,850 and the family maximum is increasing to $7,750.
NAHU Washington Update March 18, 2022
This update includes the following topics:
– Congress passes Consolidated Appropriations Act of 2022, including extended protection for HSAs
– Public opinion data on Medicare-for-All just released