Most health plans must obtain a Health Plan Identifier (HPID) to help identify a health plan in certain HIPAA "standard transactions" by November 5th of either 2014 or 2015 (depending on plan size—see below). This article explains what the HPID is, what plans need to apply for it, and the process to apply for it.
Thursday, September 25, 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
Group health plan sponsors must provide Medicare Part D "creditable coverage" notices prior to October 15th, the start date of the Medicare annual enrollment period for Part D, Prescription Drug coverage.
Monday, September 22, 2014
Governor Brown signed AB 1522, which will provide California employees up to three days of paid sick leave per year, effective July 1, 2015.
Wednesday, September 10, 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
(This is a more detailed version of an article that was originally posted February 24, 2014)
On February 20, 2014, the IRS, DOL and HHS jointly released two separate sets of regulations on the 90-day waiting period limit ...
Friday, February 28, 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