Compliance Recap: July 2020 - Bim Group

Compliance Recap: July 2020

July was a busy month in the employee benefits world.

The U.S. Supreme Court (Supreme Court) upheld the religious exemption and moral exemption final rules to the Patient Protection and Affordable Care Act (ACA) contraceptive mandate. The Internal Revenue Service (IRS) released the indexed 2021 ACA affordability percentage.

The President signed a law extending the Paycheck Protection Program (PPP) application deadline. The IRS released draft ACA reporting forms for 2020. The Department of Health and Human Services (HHS), the Department of Labor (DOL), and the Department of the Treasury (Treasury) (collectively, the Departments) released proposed rules on grandfathered health plans.

A U.S. court of appeals upheld the short-term limited duration insurance (STLDI) final rule. HHS published a revised confidentiality of substance use disorder patient records final rule. The IRS issued a private letter ruling on health reimbursement arrangement (HRA) and profit-sharing plan contributions. The IRS also issued an information letter on submitting claims for dependent care assistance plan (DCAP) reimbursement.

The DOL published new Family and Medical Leave Act (FMLA) forms and released requests for information on Paid Leave and FMLA. The President issued four executive orders on drug pricing.

UBA Updates

UBA released a new advisor: Proposed Rules on Grandfathered Group Health Plan Coverage

UBA updated, refreshed, or revised existing guidance:

Download the complete recap to read about:

  • Supreme Court Upholds Religious Exemption and Moral Exemption to the ACA Contraceptive Mandate
  • PPP Application Deadline Extended
  • IRS Releases Draft ACA Reporting Forms for 2020
  • U.S. Court of Appeals Upholds Short-Term Limited Duration Insurance Final Rule
  • HHS Published a Revised Confidentiality of SUD Patient Records Final Rule
  • IRS Issues Private Letter Ruling on HRA and Profit-Sharing Plan Contributions
  • IRS Issues Information Letter on Submitting Claims for DCAP Reimbursement
  • DOL Publishes New FMLA Forms
  • DOL Releases RFIs on Paid Leave and FMLA
  • President Issues Executive Orders on Drug Pricing
  • Question of the Month

Recent Insights

January 4, 2021

New York Life’s Acquisition of CIGNA Group Insurance is Complete

The New York Life acquisition of Cigna Group Insurance (CGI) is complete and Cigna Group Insurance is now New York Life Group Benefit Solutions. The full transition to New York Life will take several months. Your CIGNA service team is not changing and at this time there are no changes to your service sites, customer […]
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December 30, 2020

Happy Holidays from Bim Group!

Thank you for the confidence and trust your company has placed in Bim Group to manage your employee benefit plan throughout this challenging and at times uncertain year. As we reflect on the privilege to serve our clients, we are honored to contribute to the following organizations that make a meaningful difference in the lives […]
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December 28, 2020
Compliance Alert, COVID 19, Webinar

Webinar: COVID-19 Compliance Considerations for Group Health Plans in 2021

Tuesday, January 12, 2021 2:00 p.m. ET / 11:00 a.m. PT Register Now Due to the COVID-19 pandemic, Congress has issued legislation affecting group health plan requirements and the Department of Labor (DOL), Department of Health and Human Services (HHS), and Internal Revenue Service (IRS) have issued guidance on requirements for group health plans as […]
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December 16, 2020
Affordable Care Act (PPACA), CMS, Compliance Alert

Proposed 2022 Benefit Payment and Parameters Rule

( 3 MINUTE READ ) The Centers for Medicare & Medicaid Services (CMS) has released a proposed rule and fact sheet for benefit payment and parameters for 2022. CMS has also released its draft 2022 actuarial value calculator and draft 2022 actuarial value calculator methodology. According to CMS, the proposed rule is intended to reduce […]
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