PCORI Increasing in 2023

2023-01-09T21:53:18+00:00

In Notice 2022-60, the IRS announced that for plans that end on or after October 1, 2022 and before October 1, 2023, the PCORI rate per covered individual is $3.00 per plan participant. The PCOR fee is calculated based on the average number of lives covered under the policy or plan. As a reminder, the IRS announced [...]

PCORI Increasing in 20232023-01-09T21:53:18+00:00

IRS Extends the ACA Filing Deadline

2022-12-21T16:51:29+00:00

On December 12th, the IRS issued final regulations around ACA’s Employer Mandate filing of 1095 and 1094 forms. Below are details of the new IRS final regulations and the impact on employers. Final regulations confirm end of good-faith transition relief The final regulations make clear that the current good-faith transition relief is no longer available [...]

IRS Extends the ACA Filing Deadline2022-12-21T16:51:29+00:00

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
Go to Top