Insights - Bim Group

Recent Insights

HR Elements: The “Magical” HR Formula

2 MINUTE READ The People team, Human Resources, Human Capital….no matter what you call the HR team, they are necessary to keep a business running smoothly. As firms add people to their headcount or new geographies to the map, a common question is whether the company has the “right” number of HR people. The Society […]

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DOL Issues Report on Self-Insured Group Health Plans

1 MINUTE READ The Department of Labor (DOL) recently issued an Annual Report on Self-Insured Group Health Plans. The Affordable Care Act requires the Secretary of Labor to provide Congress with an annual report (Report) containing general information on self-insured employee health benefit plans and financial information regarding employers that sponsor such plans, based on […]

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Webinar: COBRA Premiums, DCAP Amounts, and FFCRA Tax Credits Under The American Rescue Plan Act of 2021

Tuesday, April 13, 2021 2:00 p.m. ET / 11:00 a.m. PT Register Now On March 11, 2021, President Biden signed the American Rescue Plan Act of 2021 (ARPA). The Act is a $1.9 trillion legislative package that includes pandemic relief for individuals and families. The Act contains several provisions regarding funding for the Centers for […]

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Consolidated Appropriations Act, 2021 Part 5

Advance EOB, Patient/Consumer Protections, and Reporting (5 MINUTE READ) On December 27, 2020, former President Trump signed the Consolidated Appropriations Act, 2021 (Appropriations Act). The Appropriations Act amends Title XXVII of the Public Health Service Act (PHSA), Part 7 of Title I of the Employee Retirement Income Security Act of 1974 (ERISA), and Chapter 100 […]

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The American Rescue Plan Act of 2021 – Part 1 COBRA Premium Assistance

On March 11, 2021, President Biden signed the American Rescue Plan Act of 2021 (Act). The Act is a $1.9 trillion legislative package that includes pandemic relief for individuals and families. The Act contains several provisions including funding to the Centers for Disease Control and Prevention, stimulus checks, unemployment benefits, the child tax credit, tax […]

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Final Rule on the Extension of Certain Timeframes for Employee Benefit Plans, Participants, and Beneficiaries Due to COVID-19

(8 MINUTE READ) 3/2/2021 Update: The DOL issued EBSA Disaster Relief Notice 2021-01 providing that the outbreak period relief noted below ends on the earlier of one year from the date an individual or plan was first eligible for relief (extension period) or the original outbreak period of 60 days after the announced end of […]

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Employee Benefits Security Administration Disaster Relief Notice 2021-01

(3 MINUTE READ) 3/2/2021 Update: The DOL issued EBSA Disaster Relief Notice 2021-01 providing that the outbreak period relief noted below ends on the earlier of one year from the date an individual or plan was first eligible for relief (extension period) or the original outbreak period of 60 days after the announced end of […]

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The American Rescue Plan Act of 2021 – Part 2 DCAPs and Exchange Health Insurance

(1 MINUTE READ) On March 11, 2021, President Biden signed the American Rescue Plan Act of 2021 (Act). The Act is a $1.9 trillion legislative package, which contains several provisions intended to relieve employers and families from some of the economic burdens associated with COVID-19. The Act contains funding for the Centers for Disease Control […]

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Consolidated Appropriations Act, 2021 Part 4 | Mental Health and Substance Use Disorder Benefits Parity

(3 MINUTE READ) The Consolidated Appropriation Act, 2021 (Appropriations Act) signed into law on December 27, 2020, includes several provisions requiring that group health plans and health insurance insurers provide comparative analysis regarding utilization and compliance with the Paul Wellstone and Pete Domenici Mental Health Parity and Addiction Equity Act of 2008 (the MHPAEA), with […]

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Bim Group named one of the 2021 Best Places to Work in Kentucky!

Bim Group is honored to be named a Best Place to Work (BPTW) in Kentucky for the 16th 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 […]

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