Updates to the 2021 Summary of Benefits and Coverage

2020-10-16T14:17:15+00:00

To help consumers compare the different features of health benefits and coverage, the Affordable Care Act requires all group health plans and health insurance companies to provide individuals a “summary of benefits and coverage” that “accurately describes the benefits and coverage under the plan.” The SBC is a snapshot of a health plan’s costs, benefits, [...]

Updates to the 2021 Summary of Benefits and Coverage2020-10-16T14:17:15+00:00

ACA Mandate Penalty Eliminated

2018-02-22T09:00:51+00:00

The ACA has required people to have what the government has classified as minimum essential coverage, or else pay a penalty which now amounts to 2.5% of modified adjusted gross income over the income tax filing threshold. While the House version of tax reform did not change the penalty in any way, the Senate version [...]

ACA Mandate Penalty Eliminated2018-02-22T09:00:51+00:00

Can a MEC Plan Help Your Company?

2015-11-17T09:15:18+00:00

Under the Affordable Care Act (ACA), Applicable Large Employers (ALEs) can avoid paying the $2,000 per employee penalty for failing to offer qualifying health coverage by offering full-time employees a Minimum Essential Coverage (MEC) plan. Offering the most basic benefits – MEC plans offer only the most basic level of benefits required under ERISA and [...]

Can a MEC Plan Help Your Company?2015-11-17T09:15:18+00:00

What is Minimum Essential Coverage?

2015-09-22T09:15:56+00:00

Employers with 50 or more employees are required to provide their full-time workers with access to Minimal Essential Coverage under the Affordable Care Act (ACA). The mandate is intended to ensure that employees have the opportunity to enroll in an employer-sponsored plan that is both affordable AND comprehensive. The government has established two tests to [...]

What is Minimum Essential Coverage?2015-09-22T09:15:56+00:00

Concerned About ACA Reporting Requirements?

2015-06-15T13:52:56+00:00


Client educational seminar covers Sections 6055/6056 reporting requirements and the Cadillac Tax. On June 17th, Diversified Group will be hosting a client seminar, entitled What Every Employer Should Know about Their ACA 6055 & 6056 Reporting Requirements. Companies who have yet to establish their reporting strategies should use this seminar to get a clear picture [...]

Concerned About ACA Reporting Requirements?2015-06-15T13:52:56+00:00
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