In a recent Notice the IRS announced another decreased percentage that will be used to determine whether employees’ share of their 2024 premiums are considered affordable for purposes of the employer mandate. Applicable Large Employers, for the 2024 plan year,...
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...
On February 23, 2023, Humana announced that they will be exiting the Employer Group Medical business, which includes all fully insured and self-funded group plans including Go365. To read their full announcement go full announcement and FAQ. They have communicated...
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...
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...
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...
