Health Plan PCORI Fees Are Due July 31
Do you offer coverage to your employees through a self-insured group health plan? Do you sponsor a Health Reimbursement Arrangement (HRA)? If so, do you know whether your plan or...
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Tips for Preparing Form 5500
At this time of year, many employers and benefit advisors begin preparing Form 5500, the annual report required for most employee benefit plans. Form 5500 must be filed with the...
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IRS Announces HSA Limits for 2021
On May 20, 2020, the Internal Revenue Service (IRS) released Revenue Procedure 2020-32 announcing the annual inflation-adjusted limits for health savings accounts (HSAs) for calendar year 2021. An HSA is...
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IRS Expands Flex Plan Options for Mid-Year Changes
On May 12, 2020, the Internal Revenue Service (IRS) released two notices providing relief for 2020 cafeteria plans and related benefit issues in light of the COVID-19 national emergency. Notice...
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DOL Extends COBRA Timeframes and other Benefit Plan Deadlines
The Departments of Labor (DOL) and Treasury have announced a new Final Rule extending certain timeframes for employee benefit plans, including extending the usual deadlines for COBRA elections and payments....
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COVID-19 and Employee Benefits Plans
The ongoing COVID-19 pandemic has created new and unique challenges for employers, their workers, and their businesses. ThinkHR has been on the front lines, supporting employers with HR and Benefits...
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DOL Updates the Employer CHIP Notice – 2020
The U.S. Department of Labor (DOL) has updated the model notice for employers to use to inform employees about the Children’s Health Insurance Program (CHIP). All employers with group health...
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Grandmothered (Non-ACA) Policies Allowed for Another Year
States that permit carriers to renew medical policies without adopting various Affordable Care Act (ACA) requirements may continue to do so through 2021, according to a bulletin released today by...
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New Jersey: Reporting Rules for Employer Health Plans
The state of New Jersey is requiring insurers and employers to report certain 2019 health coverage information to plan enrollees and the state in early 2020. Both small and large...
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Update on ACA Health Plan Fees
Recent legislation affects several types of health plan fees under the Affordable Care Act (ACA). Some fees are eliminated, while a minor one that was scheduled to expire will be...
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CMS Disclosure Requirement for Employer Health Plans – 2020
Do you offer health coverage to your employees? Does your group health plan cover outpatient prescription drugs? If so, federal law requires you to complete an online disclosure form every...
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No Changes in the ACA Following Appeals Court Ruling
Yesterday’s ruling by the U.S. Court of Appeals for the Fifth Circuit in Texas v US does not have any immediate effect on the Affordable Care Act (ACA) or on...
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