Medicare and HSA Eligibility
October 2023
Background
A common topic with questions coming into any compliance department is health savings accounts (HSAs) in general, but more specifically th...
Another Reminder! Medicare Part D Creditable Coverage Notice To Be Distributed by October 13, 2023
September 2023
Before October 15, 2023, plan sponsors that offer prescription drug coverage m...
W-2 Health Cost of Coverage Reporting
September 2023
Background
The Affordable Care Act (ACA) requires employers to report the aggregate cost of “applicable employer-sponsored coverage” on a...
Reminder - Most Employers Now Required to File Electronic Information Returns Beginning in 2024
Have your clients prepared for this new requirement?
As we published earlier this year, this new r...
Amwins Connect - September Question of the Month
Changing COBRA Rates During Determination Period
Question:
Due to an administrative oversight, an employer failed to adjust its COBRA rates fo...
IRS Memo Regarding Substantiation of Flexible Spending Account (FSA) Claims
September 2023
Source: Sterling Health Administrators
The sponsor of an Internal Revenue Code Section 125 cafeteria...
2023 Upcoming Fall and Winter Compliance Deadlines
It is that time of year again when your clients need to be thinking about approaching deadlines for Group Health Plans. Some of the important dead...
90 Day Waiting Period & Orientation Period
September 2023
ACA: 90-Day Limit on Waiting Periods
Group health plans and insurers are prohibited from imposing a waiting period exceeding 90 ...
Brokers as Business Associates – When is a Business Associate Agreement Required?
Updated: September 2023
It is not uncommon for brokers to wonder if they are acting as business associates for t...
Out-of-Pocket Maximum Limits
Date Issued: September 2023
Most group health plans are designed with cost-sharing measures such as deductibles, copays, coinsurance, and an out-of-pocket (OOP) maxi...
Annual Contribution Limits When Employee Is Hired Mid-Plan Year
Updated August 2023
Background
One common question from employers is regarding the different rules with respect to annual cont...
2024 Affordability Percentage Date Issued
In Revenue Procedure 2023-29, the IRS has again significantly decreased the affordability percentage from 9.12% in 2023 to 8.39% for 2024. This is the firs...