A Message From ARC’s Director of Employee Benefits: What to Expect Around the 2024 January Renewal Cycle
While we’re doing all that we can to ensure this renewal season runs as smoothly as possible, we wanted to make you aware of the season we’re walking in now. Here are some things you need to know to ensure your enrollment goes smoothly this year.
Compliance Corner: IRS Issues New Guidance Regarding ACA Premium Tax
The IRS provided new guidance on October 11, 2022, to fix the “Family Glitch” effective January 1, 2023. The new regulations state that a family’s entire income would be taken into consideration for the calculation of affordability for individual health insurance subsidies.
Compliance Corner: Remind Your Employees About Medicare Part D Creditability!
The federal government requires that employers notify plan participants who may be making decisions about Medicare coverage of their plan’s status so they can make an informed decision. The deadline is October 14, 2022.
IMPORTANT: New Employer Requirements for Transparency in Coverage Effective July 1, 2022
This notice is for clients with self-funded medical benefit plans. This includes all level-funded and most MEWA plans. Fully Insured clients do not need to do anything as the insurance carrier is required to comply.
Compliance Corner: Don’t Forget to Pay Your PCORI Fee!
We interrupt your regularly scheduled Compliance Corner to bring you a COMPLIANCE ALERT! to remind customers about the PCORI filing and fees due by July 31, 2022.
Compliance Corner: Notice Requirements That You Need to Know About
Last month, we introduced our Compliance Corner to help employers better understand their requirements from the government. This month, we’ll review the various notice requirements that apply to employee benefit programs.
Attention Employers: Commission Disclosures From ARC
A new rule requires health insurance brokers to inform their employee benefit clients how they are compensated by the carriers.
Compliance Corner: The DOL’s List of Federal Laws Impacting Employer-Based Coverage
Over the next several months, we’re going to provide a brief overviews of the areas of compliance that we hope will help you better understand these obligations.
It’s Time to Spring Clean Your Employee Benefit Documents!
Here are a couple of tasks our employee benefit client advisors have recommended for your spring cleaning checklist.
REMINDER: Employers Need to Report Part D Creditability to CMS By March 1
Employers need to notify CMS within 60 days of their renewal of whether their plan(s) is creditable or not for Part D.
ATTENTION EMPLOYERS: PCORI Fees are Due by July 31, 2021
The purpose of PCORI is to progress the quality and relevance of evidence-based medicine.