Benefits Buzz

Posted April 15th, 2019 in Employers, Producers

The Internal Revenue Service (IRS) is continuing to send Letter 226J to employers for which the agency believes an Employer Mandate penalty is due. Currently, these notices are being sent to employers for penalties that apply to the 2016 calendar year.

Posted April 9th, 2019 in Producers, Employers

Last year, the Department of Labor (DOL) issued new regulations pertaining to Association Health Plans (AHPs). The rules relaxed previously issued regulations by allowing AHPs to be established for employers who are in the same industry or geographic location. AHPs are regulated like large group health plans which are exempt from some of the Affordable Care Act (ACA) market reforms, including the requirement to cover essential health benefits.

Posted April 2nd, 2019 in Producers, Employers, Individuals

There’s never a dull moment when it comes to the Affordable Care Act (ACA). Some people love the law, some people hate it, and others find themselves somewhere in between. However, there’s one thing that’s for certain. The rules are constantly being challenged or changed. Here are three key developments that occurred last week.

Posted March 26th, 2019 in Employers, Producers

Simple Cafeteria Plans were created by the Affordable Care Act (ACA) and have been an option for eligible employers since 2011. This type of plan provides eligible employers with an automatic pass for many of the non-discrimination tests that apply to Cafeteria Plans and its component benefits. This is the primary difference between a Simple Cafeteria Plan and other more traditional Cafeteria Plans. 

Posted March 21st, 2019 in Employers, Producers

That flu shot you're providing to employees. Are you offering it as a benefit to COBRA beneficiaries? Because you should be.

While COBRA is conceptually easy to understand, it is tactically more challenging to administer. Many employers are unaware that certain benefits are subject to COBRA. On the other hand, some employers are offering COBRA in situations which they don't have to because of a misunderstanding of the law.

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Posted March 19th, 2019 in Producers, Individuals

There are some big changes coming to Medicare Supplement plans in 2020. Plans C, F and High Deductible F will no longer be available for new Medicare enrollees.

In other words, if you become eligible for Medicare on or after January 1, 2020, you won’t be able to enroll in Plans C, F or High Deductible Plan F. However, if you are already enrolled in one of these plans, you’ll be grandfathered into that coverage and can keep that plan in place indefinitely.  

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