Diversified Group is proud to again be a sponsor of the Camphill Village 5K Trail & Fun Run coming up on Saturday, May 13th! This event will take place at beautiful Camphill Village in Copake, NY and it starts at 10am with both a competitive 5k Trail Run as well as a casual run/walk for [...]
As you are aware, the Consolidated Appropriations Act, via the Transparency in Coverage Rules (TIC), requires health plans to have an online tool to compare prices for 500 designated “shoppable” services by January 1, 2023. The internet-based tool must allow plan enrollees to search for information by certain elements, such as billing codes, descriptive terms, [...]
PCOR fees are reported and paid annually using IRS Form 720 (Quarterly Federal Excise Tax Return). These fees are due each year by July 31 of the year following the last day of the plan year. This means that for plan years ending in 2021, the PCOR fees are due by July 31, 2022. For self-funded [...]
IMPORTANT INFORMATION below regarding your obligation to provide a Machine-Readable File by July 1, 2022. Please read and respond accordingly. To meet the requirements of the Transparency in Coverage (TiC) Rules that will be enforced starting on July 1, 2022, plan sponsors must create two files — one to disclose in-network provider rates for covered items [...]
On Friday, April 29, the IRS released Rev. Proc. 2022-24, which outlines the 2023 inflation-adjusted amounts for Health Savings Accounts and compatible High Deductible Health Plans. Adjusted amounts include HDHP calendar year minimum deductibles, out-of-pocket maximums, and the annual HSA contribution limits as follows: 2023 2022 Change HDHP Minimum Deductible Individual $1,500 $1,400 +$100 Family [...]
Diversified Group is proud to be a sponsor of the Camphill Village 5K Trail & Fun Run coming up on Saturday, May 7th! This event will take place at beautiful Camphill Village in Copake, NY and it starts at 10am with both a casual run/walk for all ages and all abilities as well as a [...]
The IRS announced in Notice 2020-84 that the adjusted applicable amount for the Patient-Centered Outcomes Research Institute (PCOR) fee for policy or plan years ending on or after October 1, 2020 and before October 1, 2021 will be $2.66 per plan participant. In Notice 2021-04, the IRS published that the applicable amount for PCOR fees [...]
Last week there were several developments surrounding the large employer vaccine mandate and the mandate for health plans to cover COVID-19 at home test kits. A summary of these is outlined below. Large Employer Vaccine Mandate Background – The Biden Administration through OSHA released Emergency Temporary Standard (ETS) rules for employers with 100 or more employees [...]
Late last week, the Sixth Circuit Court of Appeals reinstated the OSHA Emergency Temporary Standard (ETS) mandating employees to be vaccinated or tested weekly. Immediately after the Sixth Circuit ruled on Friday, several of the many plaintiffs who had challenged OSHA’s ETS asked the Supreme Court to intervene as part of its “emergency” docket. Appeals from the Sixth Circuit [...]
On November 4, 2021, OSHA published its Vaccine Emergency Temporary Standard (ETS). The ETS obligates private employers with 100 or more employees to require vaccination or weekly testing and masking for their unvaccinated employees. Legal challenges have been made with more pending, but until those are resolved, employers should prepare for this mandate. All requirements [...]
