Besides ensuring the federal government remains fully funded, President Biden’s signature Thursday on the Continuing Appropriations Act, 2023 (CAA 23) contains several provisions that will directly impact health and...more
1/3/2023
/ 401k ,
403(b) Plans ,
Automatic Enrollment ,
Benefit Plan Sponsors ,
Consolidated Appropriations Act (CAA) ,
Corporate Counsel ,
Employee Benefits ,
Employee Contributions ,
Excise Tax ,
Hardship Distributions ,
HDHP ,
Health Plan Sponsors ,
Health Savings Accounts ,
Part-Time Employees ,
Qualified Retirement Plans ,
Required Minimum Distributions ,
Retirement Plan ,
Retirement Plan Providers ,
Safe Harbors ,
SECURE Act ,
Telehealth
Since 2015, federal agencies have been required to annually review the laws and regulations they enforce to adjust applicable penalties for inflation. The idea has been to provide increasingly greater incentives for plan...more
3/3/2022
/ Benefit Plan Sponsors ,
Children's Health Insurance Program (CHIP) ,
Department of Labor (DOL) ,
Employee Benefits ,
Employee Retirement Income Security Act (ERISA) ,
Employer Group Health Plans ,
Employer Liability Issues ,
Failure To Disclose ,
Failure to Notify ,
Failure-to-File ,
Form 5500 ,
Health Plan Sponsors ,
Penalties ,
SBC
Most employers who offer plans that include prescription drug coverage are acutely aware of the requirement to notify individuals as to the creditable status of that coverage before October 15 each year. However, many are...more
The U.S. Department of Health & Human Services (HHS) just announced increased penalty amounts for entities who violate the privacy, security, and breach notification rules under the Health Insurance Portability and...more
11/30/2021
/ Affordable Care Act ,
Benefit Plan Sponsors ,
Breach Notification Rule ,
Data Breach ,
Data Privacy ,
Data Security ,
Department of Health and Human Services (HHS) ,
Employee Benefits ,
Employer Group Health Plans ,
Employer Liability Issues ,
Health Insurance Portability and Accountability Act (HIPAA) ,
HIPAA Breach ,
HIPAA Violations ,
Medicare ,
Medicare Secondary Payer Act ,
Noncompliance ,
Penalties ,
SBC ,
Summary of Benefits and Coverage
Group health plan sponsors soon will face daunting new disclosure and transparency requirements under multiple laws including the Affordable Care Act (ACA), the No Surprises Act (the Act) and the Consolidated Appropriations...more
9/7/2021
/ Affordable Care Act ,
Benefit Plan Sponsors ,
Consolidated Appropriations Act (CAA) ,
Deadlines ,
Disclosure Requirements ,
Drug Pricing ,
Employee Benefits ,
Employer Group Health Plans ,
Final Rules ,
Health Care Providers ,
Health Insurance ,
Out of Network Provider ,
Prescription Drugs ,
Price Comparisons ,
Public Disclosure ,
Reporting Requirements ,
Transparency
The American Rescue Plan Act of 2021 (ARPA) mandates that group health plans that are subject to COBRA must provide coverage to certain assistance eligible individuals (AEI) at no cost for periods of coverage between April 1,...more
The Internal Revenue Service recently released a Notice to further explain its position on certain issues related to the COBRA premium assistance and corresponding tax credits available under the American Rescue Plan Act of...more