IRS Sets 2023 Affordability Threshold

2022-08-08T15:55:27+00:00

On July 25, 2022, the Internal Revenue Service (IRS) issued Revenue Procedure 2022-34 which indexes the contribution percentages for 2023 for purposes of determining affordability of an employer’s plan under the Affordable Care Act (ACA). For plan years beginning in 2023, employer-sponsored coverage will be considered affordable if the employee’s required contribution for self-only coverage does not [...]

IRS Sets 2023 Affordability Threshold2022-08-08T15:55:27+00:00

Supreme Court Overturns Roe vs Wade

2022-07-20T21:16:03+00:00

On June 24, 2022, the Supreme Court issued its much-anticipated decision in Dobbs v. Jackson Women’s Health Organization, which stated that there is not a constitutionally protected right to terminate a pregnancy. Employers are now faced with the task of determining how this decision will impact their workforce and their benefit offerings. Self-Insured Plans — as a self-insured [...]

Supreme Court Overturns Roe vs Wade2022-07-20T21:16:03+00:00

Machine-Readable Files Link REMINDER

2022-07-18T18:13:02+00:00

In earlier communications from Diversified Group, you were notified of the requirements of the Transparency in Coverage (TiC) Rules that will be enforced beginning on July 1, 2022. The rules require plan sponsors to create two files — one to disclose in-network provider rates for covered items and services and another to disclose out-of-network allowed amounts [...]

Machine-Readable Files Link REMINDER2022-07-18T18:13:02+00:00

Update on Machine-Readable File Hosting/Public URL Link

2022-06-09T15:17:31+00:00

In earlier communications from Diversified Group, you were notified of the requirements of the Transparency in Coverage (TiC) Rules that will be enforced beginning on July 1, 2022. The rules require plan sponsors to create two files — one to disclose in-network provider rates for covered items and services and another to disclose out-of-network allowed amounts [...]

Update on Machine-Readable File Hosting/Public URL Link2022-06-09T15:17:31+00:00

PCOR Fees Due July 31, 2022

2022-05-09T17:32:08+00:00

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 [...]

PCOR Fees Due July 31, 20222022-05-09T17:32:08+00:00

Machine-Readable File Hosting/Public URL Link

2022-05-06T13:41:43+00:00

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 [...]

Machine-Readable File Hosting/Public URL Link2022-05-06T13:41:43+00:00

IRS Releases HSA Adjusted Amounts for 2023

2022-05-02T20:02:40+00:00

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 [...]

IRS Releases HSA Adjusted Amounts for 20232022-05-02T20:02:40+00:00

PCOR Fee Increases for Health Plans

2022-05-02T19:23:25+00:00

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 [...]

PCOR Fee Increases for Health Plans2022-05-02T19:23:25+00:00

Vaccine Mandates and At Home COVID-19 Testing Kits

2022-05-02T19:23:33+00:00

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 [...]

Vaccine Mandates and At Home COVID-19 Testing Kits2022-05-02T19:23:33+00:00

Update on OSHA’s Vaccine Mandate

2021-12-23T15:54:26+00:00

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 [...]

Update on OSHA’s Vaccine Mandate2021-12-23T15:54:26+00:00
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