Stimulus Bill Includes Ban on Surprise Medical Bills

2021-04-06T03:12:28+00:00

On Dec. 27, 2020, President Trump signed the Consolidated Appropriations Act, 2021 into law. The Act includes a $900 billion coronavirus relief package that provides funding for unemployment benefits, direct economic payments to individuals, vaccine distribution and rental assistance. It also includes the No Surprises Act, a ban on surprise medical bills, which takes effect [...]

Stimulus Bill Includes Ban on Surprise Medical Bills2021-04-06T03:12:28+00:00

IRS Issues Final Rule on Pay or Play and Nondiscrimination Rules for ICHRAs

2021-04-06T01:48:08+00:00

Since 2020, employers have been able to offer individual coverage HRAs (ICHRAs) to help employees pay for individual health insurance. ICHRAs were established by a final rule published on June 20, 2019, which raised questions about how existing federal rules will apply to ICHRAs. On Jan. 13, 2021, the IRS issued a final rule to [...]

IRS Issues Final Rule on Pay or Play and Nondiscrimination Rules for ICHRAs2021-04-06T01:48:08+00:00

HHS Extends Transition Policy for Non-ACA Compliant Health Plans

2021-04-06T01:48:35+00:00

On Jan. 19, 2021, the Department of Health and Human Services (HHS) extended an existing transition policy for certain health plans that do not comply with the Affordable Care Act (ACA) for an additional year, to policy years beginning on or before Oct. 1, 2022. However, all noncompliant plans renewed under this extended transition policy [...]

HHS Extends Transition Policy for Non-ACA Compliant Health Plans2021-04-06T01:48:35+00:00

Final Rule Provides Greater Flexibility for Grandfathered Plans

2021-04-06T01:48:58+00:00

On Dec. 11, 2020, the Departments of Labor (DOL), Health and Human Services (HHS) and Treasury (Departments) announced a final rule that provides greater flexibility for grandfathered plans under the Affordable Care Act (ACA). A grandfathered plan is a group health plan or health insurance coverage that was in existence on March 23, 2010 (the [...]

Final Rule Provides Greater Flexibility for Grandfathered Plans2021-04-06T01:48:58+00:00

Executive Order Issued to Strengthen the ACA

2021-04-06T01:50:21+00:00

On Jan. 28, 2021, President Joe Biden issued an executive order that is intended to strengthen the Affordable Care Act (ACA) and Medicaid. Exchange Special Enrollment Period This executive order directs the Department of Health and Human Services (HHS) to consider establishing a special enrollment period through Federally Facilitated Exchanges due to the coronavirus (COVID-19) [...]

Executive Order Issued to Strengthen the ACA2021-04-06T01:50:21+00:00

Upcoming ACA Reporting Deadlines

2021-04-06T01:50:57+00:00

Affordable Care Act (ACA) reporting under Section 6055 and Section 6056 for the 2020 calendar year is due in early 2021. Specifically, reporting entities must: File returns with the IRS by March 1, 2021, since Feb. 28, 2021, is a Sunday (or March 31, 2021, if filing electronically); and Furnish statements to individuals by March [...]

Upcoming ACA Reporting Deadlines2021-04-06T01:50:57+00:00

Form W-2 Reporting Requirements

2021-04-06T01:51:19+00:00

Form W-2 Reporting Requirements The Affordable Care Act (ACA) requires employers to report the aggregate cost of employer-sponsored group health plan coverage on their employees’ Forms W-2. The purpose of the reporting requirement is to provide information to employees regarding how much their health coverage costs. The reporting does not mean that the cost of [...]

Form W-2 Reporting Requirements2021-04-06T01:51:19+00:00

2022 Notice of Benefit and Payment Parameters Partially Finalized

2021-04-06T01:51:41+00:00

On Jan. 19, 2021, the Department of Health and Human Services (HHS) published a Notice of Benefit and Payment Parameters (NBPP) for 2022 that finalized some of the standards included in the proposed notice issued at the end of 2020. The NBPP describes benefit and payment parameters under the Affordable Care Act (ACA) that apply [...]

2022 Notice of Benefit and Payment Parameters Partially Finalized2021-04-06T01:51:41+00:00
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