1 minute read
The IRS issuedNotice 2023-70, which increases the fee for plan years ending on or after October 1, 2023, and before October 1, 2024, to $3.22 multiplied by the average number of lives...
1.5 minute read
In 2024, group health plans and issuers must expand their internet-based price comparison tool for enrollees, participants, and beneficiaries. It will need to include all covered...
3 minute read
During the exciting open enrollment period, Human Resources (HR) professionals play a crucial role in educating employees about their benefit options, communicating important enrollment...
1 minute read
The U.S. Department of Health and Human Services (HHS) published a final rule regarding penalties for HIPAA Privacy and Security Rules. It will apply to penalties assessed on or after...
1 minute read
According to the 2023 Aegis Risk Medical Stop Loss Premium Survey, stop-loss premiums increased by 16% from 2021 to 2023. Self-funded health plans purchase stop-loss insurance to help...
3 minute read
Every day, news headlines are filled with stories of data breaches and cyberattacks. Unfortunately, even employee benefits plans are not immune to these threats. In fact, they are...
2.5 minute read
Working and family are two very important aspects of an employee’s life. According to the World Health Organization (WHO) one in six people struggle with fertility issues. The stress...
1.5. minute read
The Biden Administration has announced a plan to ban medical debt from credit scores. Currently, having a low credit score can make it more difficult for a person to rent an...
3.5 minute read
Public sector organizations with group health plans should be aware of changes to the Affordable Care Act (ACA) requirements that take effect in 2024.
1 minute read
In 2023, U.S. employers’ adoption of individual coverage health reimbursement arrangements (ICHRAs) increased by 64%, according to a HRA Council report. An ICHRA allows employers to...
