Insights - Bim Group

Recent Insights

Biden-Harris Administration Requires Insurance Companies and Group Health Plans to Cover the Cost of At-Home COVID-19 Test, Increasing Access to Free Tests

Source: U.S. Department of Health and Human Services (HHS) “As part of its ongoing efforts across many channels to expand Americans’ access to free testing, the Biden-Harris Administration is requiring insurance companies and group health plans to cover the cost of over-the-counter, at-home COVID-19 tests, so people with private health coverage can get them for […]

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Webinar: Preparing for a Department of Labor Audit in 2022

Tuesday, January 11, 2022 2:00 p.m. ET / 11:00 a.m. PT Register Now The new year is expected to start with a bang! With new rules coming into effect, such as provisions of the Consolidated Appropriations Act and No Surprises Act, and new scrutiny under existing laws such as Mental Health Parity, preparation is key. […]

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CMS Releases 2022 Medicare Part A and B Amounts

The Centers for Medicare & Medicaid Services (CMS) released the 2022 cost-sharing amounts for Part A and Part B, in separate notices.

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IRS Releases 2022 PCORI Fee Amounts

(READ TIME: 1 MINUTE) The Internal Revenue Service (IRS) released IRS Notice 2022-04, which provides the 2022 update for the Patient-Centered Outcomes Research Institute (PCORI) fee. The PCORI fee was implemented as part of the Affordable Care Act and is designed to fund the Patient-Centered Outcomes Research Trust Fund, which funds research to evaluate the quality, […]

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Happy New Year From Bim Group!

To thank our clients for the privilege to serve, we want to recognize and make a financial contribution to the organizations that make a difference in the lives they serve! Wishing you all the best in the New Year! New Life Day Center New Life Day Center provides assistance to those in need in the […]

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HR Elements: 360 Feedback – Help Me, Help You

READ TIME: 3 MINUTES In Corporate America of days past, the entire feedback process consisted of a once-a-year conversation led by your boss. The goal was to keep it short and painless – like a shot at the doctor’s office. Since then, a series of bells and whistles were added to make it more frequent, […]

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November 2021 Compliance Recap

READ TIME: 5 MINUTES November saw quite a bit of activity in the compliance space. Although OSHA’s vaccine-or-test mandate for private employers was issued, it was immediately met with resistance in the form of lawsuits and a stay from the Sixth Circuit Court of Appeals. The mandates for federal contractors and health care workers are […]

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White House releases statement on at-home COVID-19 testing, potential cost implications

SOURCE: UnitedHealthcare READ TIME: 2 MINUTES On Dec. 2, 2021, the White House released a statement announcing several actions to fight COVID-19, including requiring commercial health plans to cover COVID-19 at-home tests – approved or authorized by the Food and Drug Administration (FDA) – without cost-sharing. The White House has directed the Tri-Agencies (Departments of […]

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Webinar: Cybersecurity Guidance for Employee Benefit Plans

Tuesday, December 14, 2021 2:00 p.m. ET / 11:00 a.m. PT Register Now This year, the U.S. Department of Labor announced best practice guidance for plan sponsors, plan fiduciaries, recordkeepers and plan participants for maintaining cybersecurity in benefit plans. With the exponential rise of cybersecurity incidents worldwide, it is critical that plans take precautions to […]

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Internal Revenue Service Releases Proposed Regulations with ACA Reporting Relief

READ TIME: 2 MINUTES The Internal Revenue Service (IRS) released proposed regulations affecting reporting requirements under the Affordable Care Act (ACA). The proposed regulations make permanent a 30-day automatic extension for furnishing Forms 1095-B and 1095-C to individuals. These forms were originally due January 31, but will now be due on March 2 (or the next business […]

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