Categorized as: Blog

In Case You Missed It: J-Codes Your Healthcare Plan’s Biggest Enemy

Webinar: In Case You Missed It: J-Codes Your Healthcare Plan’s Biggest Enemy When: Thursday April 25th Time: 2 pm EDT Cost: Free Register Now! This webinar is pre-approved for HRCI & SHRM Credits! Join us for this complimentary, one-hour SHRM and HRCI pre-approved* webinar as Virak Nhek, Senior Healthcare Data Analyst at AssuredPartners Benefit Advisors, discusses the financial perils and pitfalls of “J-Codes”. “J-Codes” and “medical specialty pharmacy” claims are going to be one of the top two procedure categories in terms of cost within your health plan. Knowing the amount of waste and abuse can provide insight into developing strategies…

Free Webinar: Medical Marijuana in the Workplace – Growing Like a Weed!

Webinar: Medical Marijuana in the Workplace – Growing Like a Weed! When: Thursday March 28th Time: 2 pm EDT Cost: Free Register Now! This webinar is pre-approved for HRCI & SHRM Credits! As legal medical and recreational cannabis dispensaries expand across the United States, legal and decriminalized cannabis is expected to create more jobs in the country by 2020 than manufacturing, utilities or the government. While this is excellent news on many fronts, many states now have laws that legalize the use of marijuana for medical and recreational purposes making the jobs of Human Resources (HR) and other business professionals even…

Upcoming Filing Deadlines

As we head into the last few days of February, we want to take this opportunity to remind employers about the following upcoming annual filing deadlines: Annual Prescription Drug Notice Group health plans must notify the Centers for Medicare and Medicaid Services (CMS) each year regarding whether the group health plan’s prescription drug coverage offered to Medicare Part D-eligible individuals is “creditable” or “non-creditable”. This notice must be done electronically by completing the online registration and disclosure form on the CMS website. (View the form HERE.) CMS has also published, on its website, guidance regarding the notice and the information…

Personal Change Resistance & Resilience: Preparing to Control Change within your Organization

Webinar: Personal Change Resistance & Resilience: Preparing to Control Change within your Organization When: Wednesday February 27th Time: 2 pm EST Cost: Free Register Now! This webinar is pre-approved for HRCI & SHRM Credits! Change is always hard. It’s not just that most people fear change, though we undoubtedly do. It’s also that we genuinely believe (often on an unconscious level) that when we’ve been doing something a particular way for some time, it must be a good way to do things. And the longer you’ve been doing it that way, the better it is. This is true in both your…

HSAs, HRAs, and HFSAs – What Employers and Employees Need to Know to Ensure Compliance

Webinar: HSAs, HRAs, and HFSAs – What Employers and Employees Need to Know to Ensure Compliance When: Wednesday January 30th Time: 2 pm EST Cost: Free Register Now! This webinar is pre-approved for HRCI & SHRM Credits! Health plan deductibles, premiums and other out-of-pocket healthcare expenses are continuously on the rise. In the face of these rising costs, many companies are offering arrangements such as Health Savings Accounts (HSAs), Health Reimbursement Accounts (HRAs) and/or Health Flexible Spending Accounts (HFSAs) to supplement their group health plans and help employees pay for healthcare costs. These accounts can be very beneficial to both employers…

4th Quarter Newsletter – ACA Reporting, Penalties, 2019 Benefit Limits, and More!

Below please find a link to our 4th Quarter Newsletter for 2018! Topics include a lot of year end compliance items, 2019 limits, and more. A list of topics: 2016 Proposed ACA Penalties MLR Rebates 2018 ACA Reporting Final PCORI Fee Adjustment Agencies Release 2018 Form 5500, Schedules, and Instructions 2019 Benefit Limits Did you Know? – The IRS imposes strict eligibility requirements on HSA Contributions? Please read the topics that are applicable and important to your group. Compliance Observer Newsletter- 4th Quarter 2018

Improve your 2019 Compliance Outlook – Tips, Tricks & the Dirty Dozen

Webinar: Improve your 2019 Compliance Outlook – Tips, Tricks & the Dirty Dozen When: Thursday December 13th Time: 12 pm EST Cost: Free Register Now! This webinar is pre-approved for HRCI & SHRM Credits! Join AP Benefit Advisors’ (an AssuredPartners’ Company) General Counsel and VP of Compliance, Patrick Haynes, Esq., for this complimentary, one-hour webinar as he reviews this upcoming year’s compliance tips, tricks and tools of the trade. Topics include: • ACA Limits – Changes to Out-of-Pocket Maximums, HDHP/HSA interaction, Affordability Increases, etc. • Review the EEOC’s and Courts’ ongoing litigation over wellness plans, smoking cessation efforts, etc. • Association…

HRA Expansion – New Regulations to Expand HRA Use

The Departments (IRS, DOL, and HHS) have jointly proposed regulations in response to President Trump’s executive order directing the agencies to consider regulations or guidance that would expand the availability and permitted use of HRAs (Health Reimbursement Arrangements), allowing HRAs to be used in conjunction with non-group coverage. Most experts see this as a non-starter, since post-ACA all non-retiree HRAs have to be bundled with a major medical plan to pass the stringent ACA-requirements. Let’s review the highlights associated with these new regulations: HRAs Funding Individual Health Insurance – The proposed regulations would allow HRAs to be integrated with, and…

Extended Deadline & Penalty Relief for ACA Reporting under Section 6055 & 6056

The IRS has extended the deadline for furnishing individual statements under Sections 6055 and 6056 for 2018 and has also extended good-faith transition relief from penalties related to 2018 information reporting under Sections 6055 and 6056. Notice 2018-94 extends the due dates for certain 2018 information reporting requirements for insurers, self-insuring employers, and certain other providers of minimum essential coverage under section 6055 and for applicable large employers under section 6056. Specifically, this notice extends the due date for furnishing to individuals the 2018 Form 1095-B, Health Coverage, and the 2018 Form 1095-C, Employer-Provided Health Insurance Offer and Coverage, from…

IRS Announces 2019 Contribution Limits for Health Care FSAs and Qualified Transportation Plans

Today, the Internal Revenue Service announced the tax year 2019 annual inflation adjustments for more than 60 tax provisions, including the tax rate schedules and other tax changes (generally referred to as cost-of-living increases). Revenue Procedure 2018-57 provides details about these annual adjustments. The 2019 tax items of greatest interest to our clients that are employers and plans sponsors include: Annual Healthcare Flexible Spending Account (FSA) contribution limits will increase $50 from the current amount of $2,650 to $2,700. Monthly limit for transit and parking will increase $5 from the current amount of $260 to $265. Annual maximum reimbursement for…