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...
Sep 6, 2020 | News, Preventive Care, Primary Care, Research, Specialty Care, Telehealth, Telemedicine
According to an analysis issued by The Commonwealth Fund, health care utilization has begun a slow return to pre-pandemic levels as stay-at-home restrictions have been lifted. Major findings from the research, as reported by Healthcare Dive: As of Aug. 1, all...
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...
Apr 7, 2020 | Announcements, Consumer-driven Health Plans, Flexible spending accounts (FSAs), Health reimbursement arrangements (HRAs), Health Savings Accounts (HSAs), News, Over-the-counter (OTC) drugs, Prescription, Regulatory
The CARES Act signed into law by President Trump on March 27 permanently reinstates coverage of over-the-counter (OTC) medications as eligible for reimbursement from FSAs, HRAs and HSAs without need for a prescription. Under the reinstated coverage, account funds can...
Apr 5, 2020 | Announcements, Caroline Fraker, Compliance, Consumer-driven Health Plans, Coronavirus, COVID-19, Dependent care assistance plan (DCAP), Family and Medical Leave Act (FMLA), Flexible spending accounts (FSAs), Health reimbursement arrangements (HRAs), Health Savings Accounts (HSAs), High-Deductible Health Plans (HDHPs), Kentucky, News, Ohio, Over-the-counter (OTC) drugs, Prescription, Regulatory, Telemedicine
The COVID-19 pandemic has resulted in a rush of new federal and state laws to address the need for testing and treatment of the coronavirus, in addition to resulting issues from work and child care changes. Many of these rules directly affect MedBen clients, so it’s...
