Compliance News Week Ending December 6, 2024 In this ArticleAdjusted PCORI FeeForm 5500 for 2024 Adjusted PCORI Fee In IRS Notice 2024-49, the IRS provided the adjusted PCORI fee of $3.47 per covere...
Gag Clause Attestation Carrier Chart and Links to Additional Website ArticlesThe deadline for submitting the Attestation to CMS is December 31, 2024 and is just around the corner. Below you will find...
New PCORI Fee Announced for 2024-2025The IRS released Notice 2024-83 with the latest PCORI Fee information. Click here to review the Notice.BackgroundSection 4275 imposes a fee on the issuer of a spe...
Compliance News Week Ending November 22, 2024 In this ArticleUpdated HIPAA Security Tool IRS – Health FSA Reminder Updated HIPAA Security Tool As the HHS Office for Civil Rights continues to enforce...
Extension of Employee Benefit Timelines – Hurricane Relief The Department of Labor (DOL) and the Department of Treasury (IRS) issued several notices extending time frames generally applicable under HI...
ACA Employer Reporting Summary Certain employers, plan sponsors, and insurers are required to report health plan information and participant coverage data to the IRS each year. The IRS uses this infor...
Yes, HRAs and HSAs Can Be Compatible Background Employers offering a high deductible health plan (HDHP) may want to offer HDHP participants a health reimbursement arrangement (HRA) to buy down the ded...
Compliance News Week Ending November 8, 2024 Benefit Nondiscrimination RulesIRS Notice 2024-80 Employers are generally permitted to differentiate benefits, eligibility, waiting periods and contribut...
The Medicare Part D prescription drug coverage will expand in 2025 as required under the Inflation Reduction Act (IRA), which could impact whether an employer’s group health plan provides creditable p...
Amwins Connect – November 2024 Question of the MonthQuestionIf a self-funded or level funded group health plan filed the Gag Clause Prohibition Compliance Attestation (GCPCA) with CMS in 2023, do they...
Important Deadlines Coming Up for Employer Group Health Plans There are a few deadlines to remember and prepare for coming up before the end of 2024.December 23, 2024 New Deadline - HIPAA Privacy Rule...
Compliance News Week Ending November 1, 2024 ACA and IRS Limits for 2025 For the past few weeks, we have been publishing the different ACA and IRS limits for 2025 as they became available. Below is ...