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Compliance

Compliance (40)

In 2014, Colorado legalized same sex marriage, which allowed a spouse of either gender to be a qualified dependent for benefits. Domestic partnership is still a different situation. A domestic partner is defined as an employee’s unmarried partner who lives with them and is of the same or opposite sex.…
Tuesday, 13 February 2018 11:16

Review your HIPAA Practices

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The Health Insurance Portability and Accountability Act of 1996 (HIPAA) was enacted to protect the privacy of healthcare consumers, including who has access to a patient’s medical records and who can be designated to act on their behalf. You have probably filled out a HIPAA Authorization or Acknowledgment form for…
Tuesday, 05 December 2017 12:13

1095 Forms – “The Law of the Land” for Now

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Although there is much speculation about the future of The Affordable Care Act (ACA), the requirements for certain reporting is still the law of the land for now. For all large employers, and small employers that are partially self-funded, the deadline of January 31st to distribute 1095-Bs and 1095-Cs to…
Monday, 18 September 2017 18:51

Mandatory Compliance Notice Due October 15th

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Do you know if your employer prescription benefits are creditable when compared Medicare Part D benefits? Are you informing your plan participants of the plan’s status on an annual basis? The Medicare Part D Notice is just one of the many compliance responsibilities to which most employer health plans are…
Tuesday, 26 September 2017 18:41

Have you updated your CHIP notice?

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The U.S. Department of Labor has released an updated Children's Health Insurance Program (CHIP) model notice. When was the last time you updated your required Annual Notices? Why does this matter?
Monday, 08 May 2017 10:58

2018 HSA Limits Announced

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In early May, the IRS published inflation-adjusted Health Saving Account (HSA) contribution limits for 2018, along with minimum deductible and maximum-out-of-pocket expenses for the high deductible health plans (HDHP) associated with HSAs. 
As we blogged about last month, the filing deadline for the 1095 reporting required of large employers has been pushed back to March 2nd from January 31st. There are some general changes to the process, and also changes to the 1095 forms themselves.
Monday, 21 November 2016 15:13

1095 Reporting Changes and Delays

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Not long after indicating that there would be no exceptions to the January 31st deadline for 1095 B & C forms, the federal government reversed itself. You may have heard there are several delays and changes that have been announced for this year’s reporting:
Employers that offer partially self-funded medical plans are subject to the Transitional Reinsurance fee established by the Patient Protection and Affordable Care Act (PPACA). This fee was imposed over a three year period, with 2016 being the third and final year. The fee in 2016 is $27 per average covered…
Tuesday, 06 September 2016 20:08

Important Medicare Part D Deadline October 15th

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The Medicare Modernization Act (MMA) requires Employers with prescription drug coverage to complete two items each year regarding Medicare Part D. The first deadline is October 15th annually, and the other is 60 days from the beginning of each new plan year. The only employers exempt from this requirement are…
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