1 minute read
On September 6, 2024, the IRS unveiled Revenue Procedure 2024-35, which updates the contribution percentage for 2025 to determine the affordability of an employer’s health plan under...
3 minute read
The Department of Labor (DOL) has reached several settlements lately with life insurance carriers regarding their evidence of insurability (EOI) practices. Although these settlements...
2 minute read
On April 23, 2024, the Federal Trade Commission (FTC) voted to issue a final rule to prohibit noncompete clauses for most employees, effective September 4, 2024. The FTC aims to promote...
2 minute read
Employers are always looking for ways to enhance their employee benefit offerings. From accident coverage to reproductive assistance and financial support, they continuously add various...
2.5 minute read
The Consolidated Appropriations Act of 2021 (CAA) imposes restrictions on Group Health Plans (GHPs) and insurers, preventing them from entering into agreements that limit or hinder...
1.5 minute read
The IRS recently announced the affordability percentage that will apply under the Affordable Care Act’s (ACA) pay or play rules for plan years beginning in 2024. Employer sponsored...
.5 minute read
Health insurance company, Humana Inc., has announced that they will stop providing employer-sponsored medical insurance coverage. This includes fully insured, self-funded, and Federal...
1 minute read
Consolidated health systems deliver a large proportion of the medical care in the United States. A new study suggests that consolidated health systems provide slightly better care than...
1 minute read
The recently approved Consolidated Appropriations Act, 2023 (CAA 2023) includes a new 2-year extension of the telehealth waiver. Temporary relief had been provided to high deductible...
2 minute read
Employers subject to Affordable Care Act (ACA) Reporting under the Internal Revenue Code Sections 6055 or 6056 should prepare to comply with reporting deadlines in early 2023.
