30 second read
Group health plans must comply with many reporting and disclosure requirement throughout the year. Employers who offer an employer-sponsored health plan should be aware of the key 2020...
1 minute read
The Departments of Labor and Health and Human Services issued an updated template and related materials for the summary of benefits and coverage (SBC). The materials need to be used for...
1 minute read
The Trump administration has released its final rule about hospital price transparency. Starting January 1, 2021, hospitals must provide easily accessible pricing/billing information to...
1 minute read
The IRS recently announced cost-of-living adjustments to the annual dollar limits for employee benefit plans. Although some limits will stay the same, most of the limits will increase...
1.5 minute read
The IRS recently increased the health FSA dollar limit on employee salary reduction contributions for 2020 plan years. According to the Affordable Care Act (ACA), a dollar limit is...
Public sector organizations with group health plans should be aware of changes to Affordable Care Act (ACA) requirements that take effect in 2020.
1 minute read
The IRS recently announced that the Affordable Care Act’s health insurance providers fee will increase for 2020. Please note that this fee is not applicable to employers but rather the...
1 minute read
Starting January 1, 2020, some employers will be able to offer individual coverage HRAs (ICHRAs) to help employees pay for individual health insurance. Final rules were established in...
1 minute read
A Health Savings Account (HSA) is one type of medical savings account that employees can use if they have a high deductible health plan (HDHP). The account can be used to pay for...
1 minute read
Note: Last week’s article confirmed that pay or play penalties still continue to apply to applicable large employers. This week’s legislative alert discusses increased penalty amounts....
