Tuesday, October 10, 2023 1 – 2PM CST Register Now Registration Code:UBA410EW Attend this month’s webinar to learn best practices to implement and pitfalls to avoid during this year’s open enrollment period. Gain insights into: The mandatory and optional health plan notices The accepted forms of enrollment communication for in-office and remote employees The irrevocable […]
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Unlock Your Prime-Time Energy Level: Achieve Optimal Productivity
READ TIME: 5 MINUTES In a world where many things compete for your attention, achieving a productive day can be challenging. Sometimes, working more hours can help you get more done, but it can also make you feel tired and stressed. Everyone only has 24 hours in a day. An essential aspect of enhancing productivity […]
Read moreAugust 2023 Compliance Recap
READ TIME: 8 MINUTES In August, the IRS announced a decrease in the ACA affordability percentage to 8.39%. Both Colorado and Illinois expanded their leave laws. The Department of Labor released its updated version of the Premium Assistance Under Medicaid and the Children’s Health Insurance Program (CHIP) Notice. Employers prepared for the possibility of receiving […]
Read moreIRS Significantly Decreases 2024 ACA Affordability to 8.39%
READ TIME: 10 MINUTES The Internal Revenue Service (IRS) recently released Revenue Procedure 2023-29, reducing the Affordable Care Act’s (ACA) affordability percentage to 8.39% for plan years beginning in 2024, down from 9.12% in 2023 (which was further decreased from 9.61% in 2022). The affordability percentage is the maximum rate of the employee’s household income […]
Read moreBiden Administration Releases Mental Health Parity Proposed Regulations, Targeting Compliance
READ TIME: 5 MINUTES On July 25, 2023, the U.S. Departments of Treasury, Labor, and Health and Human Services (the “Departments”) released proposed rules on the Mental Health Parity and Addiction Equity Act of 2008 (MHPAEA), ensuring that health plans provide coverage for mental health and substance use disorder treatments (such as those for anxiety) […]
Read moreWhat Employers Should Know in Light of Increased Health Plan Fiduciary Litigation
READ TIME: 4 MINUTES The Consolidated Appropriations Act of 2021 (CAA ’21) has caused quite astir, making it one of the biggest health plan challenges for employers since the passage of the Affordable Care Act. Under the CAA ’21, the Transparency in Coverage rule, and related Department of Labor (DOL) guidance, employers are now required […]
Read moreWebinar | Make It a Win: Medical Loss Ratio Rebates
Tuesday, September 12, 2023 1 – 2PM CST Register Now Registration Code:UBA410EW Attend this month’s webinar to learn what the Medical Loss Ratio (MLR) is and how it may lead to an employer rebate. Gain insights into: The formula behind the medical loss ratio What the MLR says about your carrier if you receive a […]
Read moreJuly 2023 Compliance Recap
READ TIME: 4 MINUTES July saw two proposed rules, one focusing on short-term, limited-duration health plans, and one addressing provider networks and data collection for the Mental Health Parity and Addiction Equity Act (MHPAEA). The PCORI fee was due on July 31 for plan sponsors of self-insured groups and HRAs. President Biden encourages group health […]
Read moreNew FAQ Guidance on No Surprises Act and Transparency in Coverage
READ TIME: 4 MINUTES Recently, the Departments of Labor, Treasury, and Health and Human Services (the “Departments”) released new frequently asked questions (FAQs) on the No Surprises Act and the Transparency in Coverage final rules, giving employers more guidance and clarity around health plan out-of-network providers and fee disclosures. Under the Affordable Care Act (ACA), […]
Read moreEmployers Encouraged to Expand Access to Group Health Plans
READ TIME: 5 MINUTES In a letter dated July 20, 2023, from the Center for Medicare and Medicaid Services (CMS) to employers, plan sponsors and issuers, the Biden-Harris Administration (the Administration) is encouraging those entities to expand mid-year enrollment opportunities in group health plans for employees and their dependents who are losing coverage under Medicaid. […]
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