Compliance News

CMS Medicare Part D Redesign Program Effective 2025

CMS Part D Redesign Program Instructions – Creditable Coverage Status The Medicare Part D prescription drug coverage will expand in 2025 as required under the Inflation Reduction Act (IRA), which c...

Compliance News Week Ending July 12, 2024

Compliance News Week Ending July 12, 2024 In this Article: Change Healthcare - HIPAA Breach Notifications Supreme Court Decision - Change in Administrative Power Federal Trade Commission ...

New Potential ACA Ruling - Adult Dental Coverage

New Potential ACA Rule – Adult Dental Coverage A few months back, the Biden Administration proposed enhancing ACA insurance by adding adult dental coverage. This falls under the HHS Notice of Benef...

Amwins Connect - July 2024 Question of the Month

Amwins Connect – July 2024 Question of the Month Question Can two owners/officers under a S-Corporation Company elect an FSA for themselves or any other owner of the company? Answer A 2-pe...

Form 5500 Extensions - for Calendar Year Plans

Form 5500 Extensions (for calendar year plans) June 2024 The Form 5500 for an ERISA plan is due the last day of the seventh month after the end of the ERISA plan year, including short plan years...

Transparency in Coverage: Carrier Machine-Readable Files (MRF) Links

[updated] Quick access to each carriers dedicated website for Machine Readable Files (MRF).

PCORI Fee Reporting and Payment Due July 31, 2024

PCORI Fee Reporting and Payment Due July 31, 2024 Fully insured carriers and most self-insured health plan sponsors must pay annual Patient Centered Outcomes Research Institute (PCORI) fees to the ...

Dental Loss Ratio - Could Be Coming To Your State

Dental Loss Ratio - Could Be Coming To Your State From the American Dental Association News (ADA): NCOIL (the National Council of Insurance Legislators) adopts Medical Loss Ratios for Health Care S...

Gag Clause Attestation Updates for 2024

Gag Clause Attestation Updates for 2024 CMS released updated instructions and an updated user manual to assist responsible entities with submitting Gag Clause Attestations by December 31, 2024 via ...

Status of the Potential California LTC Insurance Tax

Status of the Potential California Long Term Care Insurance Tax Background In 2019, California enacted Assembly Bill 567 that established a Long Term Care Insurance Task Force. Since that time, ...

Employer Tip - Educational Assistance Programs - New IRS FAQs

Educational Assistance Programs – New IRS FAQs The IRS released a set of FAQs that do not appear to make any changes, but simply clarify the tax-favored reimbursement available via educational assi...

Final IRS Form 720 on IRS Website - To Report PCORI Fees

Final IRS Form 720 Posted on the IRS Website A few weeks ago, we published an article updating the PCORI Fee information with the ‘draft’ IRS FORM 720. This article also explained the detailed spe...