1 minute read
The IRS released updated penalty amounts for those who don’t comply with the Affordable Care Act’s requirements under Internal Revenue Code Sections 6055 and 6066. The increased amounts...
1 minute read
For plan years beginning on or after January 1, 2024, employers should be aware of legal changes affecting the design and administration of their plans. It’s important to communicate...
1.5 minute read
According to a new study, American workers are hesitant to use their paid sick leave, even if they are truly sick. Nine out of ten employees said they worked while sick during the...
1 minute read
According to an annual report by PricewaterhouseCoopers (PwC), health care costs are expected to grow by 7% in 2024. This is due to rising pharmaceutical expenses, especially specialty...
1.5 minute read
Frequently asked questions were recently issued regarding the Affordable Care Act’s (ACA) overall cost-sharing limit and the No Surprises Act’s (NSA) protections against surprise...
1 minute read
As part of the Inflation Reduction Act, Medicare will soon be able to directly negotiate covered prescription drug prices (Part B and Part D). The Centers for Medicare and Medicaid...
1 minute read
Amid a shortage of mental health care professionals, many patients are struggling to find mental health care services. A recent survey found that nearly 43% of insured adults who rated...
3 minute read
When deciding whether to move from a fully insured health plan to a self-insured health plan (or vice versa), employers should consider the different compliance requirements for each...
2.5 minute read
The IRS recently issued Notice 2023-37, providing updated guidance for high deductible health plans (HDHPs) regarding COVID-19 testing and treatment expenses, as well as clarifying...
.5 minute read
The Equal Employment Opportunity Commission (EEOC) has issued a new “Know Your Rights” poster which contains information about the Pregnant Workers Fairness Act (PWFA). This law...
