Nov 1, 2020 | Affordable Care Act, Announcements, Compliance
To help clients keep track of the various limitations associated with health care reform, the MedBen Compliance team has compiled “ACA by the Numbers,” a downloadable summary of the key financial components under the Affordable Care Act. The limitations...
Oct 18, 2020 | Affordable Care Act, Compliance, IRS, News
The Internal Revenue Services (IRS) has extended the deadline for distributing IRS Form 1095 to employees from January 31, 2021 to March 2, 2021. Now is the time for self-funded employers to start thinking about and complying with a critical health care reform...
Sep 7, 2020 | Affordable Care Act, Department of Health and Human Services (HHS), Department of Labor, News, Plan Design, Summary of Benefits & Coverage (SBC)
The Departments of Health and Human Services and Labor have issued updated templates for Summary of Benefits & Coverage (SBC). The Affordable Care Act requires self-funded health plans and insurers to provide an SBC every year to help employees make informed plan...
Jun 11, 2020 | Affordable Care Act, Announcements, IRS, News, PCORI
As in years past, all self-funded employer health plan sponsors are required to file and pay their Patient-Centered Outcomes Research Institute (PCORI) fee no later than July 31, 2020. As part of the Further Consolidated Appropriations Act of 2020, Congress last year...
Mar 5, 2020 | Affordable Care Act, Government, News, Self-funding
On Monday, March 2, the Supreme Court agreed to hear a third major case on the Affordable Care Act (ACA) with the potential to wipe out the entire law – including the employer mandate requiring minimum essential coverage be offered to employees. The New York Times...
Feb 17, 2020 | Affordable Care Act, Announcements, Compliance, Health Care Reform, Specialty Drugs, USPSTF
Per the Affordable Care Act (ACA), employer-sponsored health plans will be required to cover the HIV specialty drugs Pruvada and Descovy at 100% beginning their first plan year following June 19, 2020. The requirement follows a United States Preventive Services Task...
