READ TIME: 5 MINUTES The Office of Management and Budget (OMB) recently released its 2022 Unified Regulatory Agenda and Regulatory Plan (Agenda), which outlines regulatory actions federal agencies are considering in the coming year. The Agenda provides insight into rulemaking priorities at the Employee Benefit Security Administration (EBSA) that employers will need to be prepared […]
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2023 Federal Poverty Level Released, Impacts ACA Affordability Safe Harbor
READ TIME: 3 MINUTES The U.S. Department of Health & Human Services (HHS) has released its updated federal poverty level (FPL) guidance for 2023. The mainland FPL increases in 2023 to $14,580 (the FPL for Alaska will be $18,210, and for Hawaii will be $16,770). Applicable large employers (ALEs) should take note of the new […]
Read moreWebinar: Benefit Considerations during Layoffs, Mergers, and Acquisitions
Tuesday, April 11, 2023 1 – 2PM CST Register Now Attend this month’s webinar to learn how to effectively manage benefits in a slowing economy. Gain insights into: Benefit and COBRA references in employment contracts and severance agreements How temporary layoffs and furloughs may affect Affordable Care Act (ACA) reporting obligations What determines if the […]
Read moreBim Group named one of the 2023 Best Places to Work in Kentucky!
Bim Group is honored to be named a Best Place to Work (BPTW) in Kentucky for the 18th year in a row! It truly never gets old and we are extremely proud of our perennial recognition as a “Best Place to Work” employer – a designation bestowed on our company by our employees. We have a unique […]
Read moreDepartments Propose Rule to Expand ACA Preventive Services
READ TIME: 3 MINUTES The U.S. Department of Health & Human Services (HHS) and the Departments of Labor and the Treasury (Departments) have proposed a rule that aims to expand access to birth control coverage under the Affordable Care Act (ACA), which requires most group health plans to cover such services with no out-of-pocket cost. […]
Read moreDon’t Overlook Prescription Drug Reporting to CMS
READ TIME: 2 MINUTES Each year, a bright light is cast on providing individuals with annual Medicare Part D notices detailing the creditable status of their employer-provided prescription drug coverage. Lurking in the shadows is another annual requirement: reporting to the Centers for Medicare & Medicaid Services (CMS) whether the prescription drug coverage is creditable […]
Read moreJoint Agency Guidance on Gag Clause Prohibition for Health Plan Agreement
READ TIME: 5 MINUTES On February 23, 2023, the Department of Labor (DOL), the Department of Health and Human Services (HHS), and the Internal Revenue Service (IRS) (the “Agencies”) released FAQs addressing the implementation of certain transparency requirements under the Consolidated Appropriations Act of 2021 (CAA). These joint-issued FAQs address additional compliance guidance on the […]
Read moreFebruary 2023 Compliance Recap
READ TIME: 5 MINUTES February saw the start of Affordable Care Act (ACA) reporting for health coverage provided in 2022. The ACA reporting deadlines range from February 28 to March 31, 2023, and the state deadlines range from January 31,2023 to April 30, 2023. PREPARING FOR THE END OF THE COVID-19 NATIONAL EMERGENCY AND PUBLIC […]
Read moreWebinar: Understanding the End of the COVID-19 Public Health Emergency
Tuesday, March 14, 2023 1 – 2PM CST Register Now Attend this month’s webinar to learn what the end of the Public Health Emergency means for employers and group health plans. Gain insights into: Private insurance coverage flexibilities that will expire on May 11, 2023 Deadlines to request internal and external appeals for adverse benefit […]
Read moreVolunteering: A Natural Boost to Your Mental Health
READ TIME: 3 MINUTES Whether volunteering with colleagues or on your own, donating time at a soup kitchen or teaching English language classes, volunteering is an opportunity to give back to your community. Research shows volunteering is also an investment in your mental health and well-being. Here are a few of the mental health benefits […]
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