Benefit Insurance Marketing is pleased to extend an invitation to attend our upcoming monthly compliance Webinar. In conjunction with our alliance with United Benefit Advisors, you have the opportunity to learn more about the latest compliance trends and regulations from one of the nations leading employment and benefit law firms, Jackson Lewis LLP. Best of all, you can […]
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Highlights of Employer and Insurer Reporting Requirements
The Patient Protection and Affordable Care Act (PPACA) provides that individuals who do not have minimum essential (basic medical) coverage will owe a penalty unless they qualify for an exemption. Employers with 50 or more employees that do not offer affordable, minimum value coverage to their full-time employees also will owe a penalty. In addition, […]
Read moreEmployer FAQs: Responding to the Anthem Breach
The first massive data breach of 2015 hit one of the country’s largest insurance issuers, Anthem, Inc., including Anthem Blue Cross and Blue Shield and other related entities (Anthem). The incident reportedly affected over 80 million persons who are or were covered under a policy or program insured or serviced by Anthem. The personal note […]
Read moreCounting Employees Under Health Care Reform – Free Webinar Access
ATTENTION EMPLOYERS! ASK YOURSELF THESE QUESTIONS: As an employer, am I subject to the ACA Employer Mandate? How do I determine if I’m over 50 employees? or over 100 employees? Who is a common-law employee? How do I count temporary employees? What is a variable-hour employee? What is a measurement period? When do I start counting? […]
Read moreAffordable Care Act Employer Penalties – Another Reason to Make Sure Workers are Properly Classified as Employees or Independent Contractors
Beginning in 2015, an applicable large employer that does not offer affordable minimum value group health coverage to its full-time employees (and their children up to age 26) will be vulnerable to employer shared responsibility penalties under Internal Revenue Code §4980H. Whether an employer is an “applicable large employer” depends on its number of full-time […]
Read moreGuest Blog – Can Employers Assist Employees with Premiums for Individual Plans? by Carol Taylor, Employee Benefit Advisor, D&S Agency, a UBA Partner Firm
On November 6, 2014, the collective Departments of Health and Human Services (HHS), Labor (DOL) and the Treasury released three Frequently Asked Questions (FAQs) directed at employer payment plans for the purchase of individual insurance. While the departments had previously released several other pieces of guidance about these arrangements, this latest round exclaimed an emphatic […]
Read morePreparing for 2015 – Key PPACA Requirements
As we approach 2015, employers should be taking steps to ensure they are prepared to meet the Patient Protection and Affordable Care Act (PPACA) requirements that begin in 2015 and those which must be completed in 2014. The most significant upcoming requirements and options for an employer include the following. Section 125 Plans The maximum […]
Read moreAgencies Disallow Several Plan Designs; Other Federal Developments
The upcoming employer-shared responsibility (“play or pay”) requirements have spawned a number of different approaches to meeting the requirement that large employers offer coverage or pay penalties. Last week, the agencies responsible for administering the Patient Protection and Affordable Care Act (PPACA) issued several FAQs and notices that prohibit several of the approaches that some […]
Read moreReminder – Transitional Reinsurance Fee Filing Due December 5
The Centers for Medicare and Medicaid Services (CMS) extended the deadline for group health plans to provide their 2014 transitional reinsurance fee (TRF) submission. Filing is now due by 11:59 p.m. on December 5, 2014. The January 15, 2015, and November 15, 2015, deadlines to pay the fee remain the same. For more information on […]
Read moreGuest Blog – The Five P’s of an Unannounced DOL Visit by Brandon K. Johnson, Associate of McBrayer, McGinnis, Leslie & Kirkland, PLLC
The Five P’s of an Unannounced DOL Visit Department of Labor (“DOL”) inspections are on the rise. Sometimes, advance notice is given as to when an investigator will be arriving; other times, the investigator may decide to make an unannounced visit. When an investigator shows up unannounced and ready to conduct an immediate wage and hour […]
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