In 2003, the Medicare Modernization Act (MMA) was signed into law. Under the MMA, plan sponsors (generally employers) of group health plans providing prescription drug coverage must provide a notice … Continued
The Department of Labor (DOL) has released a new model Children’s Health Insurance Program (CHIP) Notice for employers, with information current as of July 31, 2021. The notice is updated periodically to … Continued
Under the Affordable Care Act (ACA), Applicable Large Employers (ALEs) are vulnerable to one of two potential employer shared responsibility penalty assessments. The “Subsection (a) Penalty” applies where the ALE … Continued
On July 26, 2021, the Internal Revenue Service (IRS) released additional guidance in the form of eleven new questions and answers on various aspects of the American Rescue Plan Act … Continued
On Friday, July 9, 2021, President Biden issued Executive Order 14036, Promoting Competition in the American Economy, spelling out 72 initiatives by more than a dozen federal agencies in an … Continued
Health care remains one of the only industries where pricing information is murky at best and downright inscrutable at worst—you often don’t know what the cost of a service is … Continued
PBGC released their rules on July 9, 2021 on how the Special Financial Assistance under the American Rescue Plan Act (ARPA) for multiemployer plans will be calculated, applied for, and … Continued
On June 17, 2021, the U.S. Supreme Court rejected the lawsuit filed by 18 states challenging the constitutionality of the Affordable Care Act’s (ACA) individual mandate in a 7-2 ruling. … Continued
On June 11, 2021, the IRS released updated Frequently Asked Questions (FAQs) concerning the available tax credits for eligible employers (under 500 employees) that voluntarily provide paid employee leave under … Continued
The Internal Revenue Service (IRS) has released an updated Frequently Asked Questions (FAQs) and resources document that provides additional explanation and clarification related to the tax credits available under the … Continued