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 […]
Read moreRecent Insights
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 […]
Read moreWebinar: 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 […]
Read moreProposed 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 […]
Read moreBlue Cross Blue Shield Association Tentative $2.67 Billion Antitrust Settlement
( 4 MINUTE READ ) Disclaimer: The following is provided for informational only purposes. As a reminder, the lawsuit and subsequent settlement are not specific to one market or association. They are spread across the Blue Cross Blue Shield Association of companies, which is a national federation of 36 independent, community-based, and locally operated Blue […]
Read moreFinal Rule on the Extension of Certain Timeframes for Employee Benefit Plans, Participants, and Beneficiaries Due to COVID-19
( 5 MINUTE READ ) On March 13, 2020, President Trump issued the Proclamation on Declaring a National Emergency Concerning the Novel Coronavirus Disease (COVID-19) Outbreak and by separate letter made a determination, under Section 501(b) of the Robert T. Stafford Disaster Relief and Emergency Assistance Act, that a national emergency exists nationwide beginning March […]
Read moreWebinar: What Employers Need to Know About IRS Reporting in 2021
Tuesday, December 8, 2020 2:00 p.m. ET / 11:00 a.m. PT Register Now The Patient Protection and Affordable Care Act’s reporting requirements are rapidly approaching for employers with group health plans or with 50 or more full-time or full-time equivalent employees. This webinar will provide an overview of the reporting process, changes for 2021 reporting, […]
Read morePandemic Performance Reviews | Should They Stay or Should They Go? – Part 2
( 3 MINUTE READ ) In the latter half of this two-part series, we pick up on some additional reasons employers decide to halt performance reviews due to the coronavirus (COVID-19) pandemic and resulting workplace changes. As a recap, part one addressed waiting until things go back to “normal” and not wanting to give more […]
Read moreHappy Thanksgiving!
Our offices will be closing at 3pm on Wednesday, November 25th and will reopen on Monday, November 30th, as we celebrate Thanksgiving. From our family to yours, have a wonderful Thanksgiving.
Read morePandemic Performance Reviews – Should They Stay or Should They Go? (Part 1)
( 3 MINUTE READ ) After reading the headlines of the morning paper or skimming your online newsfeed, it is hard to deny that 2020 has been a year of dramatic change. From the coronavirus (COVID-19) outbreak to increased regulations around international travel and the uptick in children and parents learning and working from home, […]
Read more