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Monday, 10 December 2018 12:09

Top Four Wellness Plan Tips for 2019

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Most Employers running a wellness program already have their 2019 game plan in place. For those that don’t, or if you are just starting to implement a program, here are some top thoughts and trends to consider.

On November 29th, the IRS announced an extension for furnishing 2018 IRS Forms, 1095-B and 1095-C to employees from January 31, 2019 to March 4, 2019 (IRS Notice 2018-94).

The extension, however, does not extend the due date for employers, insurers, and other providers of minimum essential coverage to file 2018 Forms (such as 1094-B, 1095-B, 1094-C and 1095-C) with the IRS. The filing due date for these forms remains February 28, 2019 for paper transmittals, or April 1, 2019, if filing electronically.

The Trump Administration recently proposed a plan that could potentially cut pricing for pharmaceuticals through Medicare Part B. Attempts to lower these costs is nothing new, and the Obama administration had proposed something similar before he left office, with little success.  

Monday, 12 November 2018 08:35

Fall River is growing!

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We are very excited to announce our incredible growth in the past few years, and the addition of two new professionals to our amazing team!

A Health Reimbursement Arrangement (HRA) is an employer-established account that allows them to reimburse a portion of the member’s out-of-pocket costs, usually while meeting the deductible on their health plan. Under the current regulations established by the Affordable Care Act (ACA) in 2010, HRAs are only allowed in conjunction with an employer group health plan. On October 29th, 2018, proposed regulations were announced by the Treasury Department, Health and Human Services, and the Department of Labor, that could change this limitation. 

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