January was a busy month in the employee benefits world. The U.S. Supreme Court (Supreme Court) denied expedited review of a court case challenging the constitutionality of the Patient Protection and Affordable Care Act (ACA). The Supreme Court also granted review of a nationwide preliminary injunction of the November 2018 contraceptive coverage exemptions final rules. […]
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Option for Some to Renew Policies That Do Not Fully Meet ACA Standards
In the fall of 2013, the Department of Health and Human Services (HHS) announced a transitional relief program that allowed state insurance departments to permit early renewal at the end of 2013 of individual and small group policies that do not meet the “market reform” requirements of the Patient Protection and Affordable Care Act (ACA) […]
Read moreWebinar: What Employers Need to Know About Handling Benefits When Employees Are on Medical Leave
Tuesday, February 11, 2020 2:00 p.m. ET / 11:00 a.m. PT Register Now This webinar will: Provide an overview of state-paid disability leave laws and when an employer must continue benefits for an employee under these laws Provide an overview of employer-provided short-term/long-term disability insurance and common employer-provided disability leave policies, including when an employer […]
Read moreBim Group named one of the 2020 Best Places to Work in Kentucky!
Bim Group is honored to be named a Best Place to Work (BPTW) in Kentucky for the 15th year in a row! 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 culture that fosters exceptional teamwork and […]
Read moreBim Group: A Year in Review
HR Elements: Marketing a Modern Benefits Package
Each year can bring new challenges for successfully implementing and marketing a modern employee benefits package. Participation is critical—without it, companies cannot offer the kind of benefit savings that they are expected to. Add this to the state of the “talent crisis” as it stands with the current job market, and your HR team has […]
Read moreHighlights of the Patient-Centered Outcomes (PCORI) / Comparative Effectiveness Fee
The Patient-Centered Outcomes Research Institute (PCORI) fee initially applied from 2012 to 2019. However, in December 2019, the Further Consolidated Appropriations Act, 2020 extended the fee to 2029. The fee is due based on plan/policy years ending on or after October 1, 2012, and before October 1, 2029. The fee is due by July 31 of the year following the calendar year in which the plan/policy year ended. This means that the first fee was due July 31, 2013, for those on November, December, and […]
Read moreCompliance Recap – December 2019
December was a busy month in the employee benefits world. The U.S. Court of Appeals for the Fifth Circuit held that the Patient Protection and Affordable Care Act’s (ACA’s) individual mandate is unconstitutional. The Internal Revenue Service (IRS) released final instructions and final 1094-B, 1095-B, 1094-C, and 1095-C forms for 2019. The IRS also extended […]
Read moreWebinar: What Employers Need to Know About the New Final Rules on HRAs, Part 2
Tuesday, January 14, 2020 2:00 p.m. ET / 11:00 a.m. PT Register Now This webinar will provide an overview of the new final rules on health reimbursement arrangements regarding individual coverage HRAs with an emphasis on the proposed rules regarding nondiscrimination and affordability by: Describing what a health reimbursement arrangement (HRA) is Describing the new […]
Read moreHappy New Year from Bim Group!
Thank you for the confidence and trust your company has placed in Bim Group to manage your employee benefit plan. As we reflect on the privilege to serve our clients, we are honored to contribute to the following organizations who make a meaningful difference in the lives of others. Wishing you all the best in the […]
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