Late in the afternoon on Friday, November 14th, CMS extended to December 5th the deadline for submission of reinsurance fee information on Pay.gov. The original deadline was November 17th.
Monday, November 17, 2014
Sponsors of self-insured group health plans must register on Pay.gov and submit enrollment information (number of "covered lives" during the first nine months of 2014) by November 17, 2014 (since the 15th is a weekend). At least the first installment of the transitional reinsurance fee must be paid by January 15, 2015. This article explains the process.
Tuesday, November 11, 2014
Affordable Care Act FAQ Part 21 (issued November 6, 2014) specifies three approaches to offering health benefits that are not allowed under the ACA.
Friday, November 7, 2014
HHS and Treasury issued guidance today (Notice 2014-69) confirming that employer group health plans that purport to provide minimum value (MV) but that do not provide "substantial coverage for in-patient hospitalization services or for physician services (or for both) (referred to in this notice as Non-Hospital/Non-Physician Services Plans) do not provide the minimum value intended by the minimum value requirement."
Tuesday, November 4, 2014
The IRS issued Notice 2014-55, Additional Permitted Election Changes for Health Coverage under § 125 Cafeteria Plan. This allows employers who offer cafeteria plans to amend their plans to permit employees to revoke elections mid-year: 1) to enroll in Qualified Health Plans in theMarketplace, or 2) if their hours are reduced to below 30 hours/week.
Wednesday, September 24, 2014
Various articles covering the most recent benefits news
Friday, May 9, 2014
IRS Rev. Proc 2014-30 (April 23, 2014) increases the Health Savings Account (H.S.A.) maximum annual contribution for 2015 by $50 for individuals and $100 for families.
Wednesday, April 23, 2014
The HHS 2015 Notice of Benefit and Payment Parameters Final Rule (issued March 6, 2014) included numerous and varied provisions of interest, not only regarding the payment parameters of the premium stabilization programs, but also regarding: cost-sharing limits (for stand-alone dental as well as medical plans), changes to the 2015 annual open enrollment period dates, the 2015 actuarial value (AV) calculator, patient safety, the Small Business Health Options Program (SHOP), and several others.
Wednesday, March 12, 2014
On March 5, 2014, HHS and the IRS separately released four sets of guidance addressing several key provisions in the Affordable Care Act: Information Reporting, Two-Year Extension for Canceled Health Plans, and 2015 Notice of Benefit and Payment Parameters Final Rule.
Friday, March 7, 2014
Health insurance issuers who offer coverage to opposite-sex spouses must offer policyholders the option to offer coverage to same-sex spouses on the same terms and conditions.
Friday, March 21, 2014
Health plan sponsors must notify the Centers for Medicare and Medicaid Services (CMS) within 60 days from the beginning of the plan or policy year as to whether their group health plan prescription...
Monday, February 10, 2014
For small group plans that renewed early on December 1, 2013, the deadline for online notice to CMS regarding Medicare Part D creditable coverage and notices will be January 29, 2014, rather than March 1.
Tuesday, January 21, 2014