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IRS Revenue Procedure 2024-40 updates penalties for non-compliance with Affordable Care Act’s (ACA) requirements under Code Sections 6055 and 6056, affecting 2025 returns and 2026...
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The 2024 Best Practices in Healthcare Survey by WTW reveals that rising healthcare costs are prompting over 51% of U.S. employers to redesign plans for affordability, focusing on new...
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In response to the COVID-19 pandemic, Congress enacted legislation which temporarily allowed high deductible health plans (HDHPs) to provide telehealth service benefits before plan...
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On August 15, the Department of Health and Human Services (HHS) and top drugmakers agreed to lower prices on the first 10 drugs subject to Medicare price negotiations. Drug discounts...
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On August 19, 2024, the IRS released Notice 2024-63, offering interim guidance for sponsors of 401(k) and comparable retirement plans looking to offer matching contributions based on...
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For plan years beginning on or after January 1, 2025, employers should be aware of compliance changes affecting the design and administration of their health plans. Changes should be...
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A recent report from PatientRightsAdvocate.org (PRA) revealed that just one-third (34.5%) of hospitals fully adhered to the federal Hospital Price Transparency Rule. Out of the 2,000...
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The U.S. Department of Labor (DOL) recently issued resources to help health plans and insurers submit their annual compliance attestation for the Consolidated Appropriation Act’s (CAA)...
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IRS Revenue Procedure 2023-34 outlines updated penalties for noncompliance with ACA requirements under IRC Sections 6055 and 6056. These increased penalties apply to 2024 information...
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Despite competitive health care benefits, many employees still face medical debt. Over 40% reported experiencing this issue, as per a survey by Goodroot.
