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.
Attention Employers: The Important ARPA Compliance Tools You Need
The experts at ARC have put together a review of the ARPA legislation, eligibility, the model notice, and update the timeline for notification and premium assistance as it relates to COBRA. Included is a guide by carrier and plan type.
ATTENTION EMPLOYERS: Here are Your ACA 1094/1095 Reporting Requirements for 2020
ARC’s 2020 ACA Reporting Guide has all the information you need to determine if you are responsible for sending 1095 forms out to employees and to the IRS.
Once COBRA, Always COBRA?
Once it is established a company has to offer COBRA, does it always have to offer COBRA thereafter? Not necessarily. Let’s take a look.
Attention Employers: Remember to Register Your Group on the CMS Website!
Registering your plan on the website is required so CMS knows if the group plan is creditable or not when Medicare eligibles who have postponed enrollment are ready to enroll.
How COVID -19 Has Impacted COBRA Coverage
The DOL and IRS issued a joint rule providing an extension of certain participant deadlines to enroll in health coverage, as it relates to electing and paying for COBRA coverage and making and appealing benefit plan claims.
PCORI Fees Due to IRS No Later Than July 31, 2020
Fees to fund the Patient-Centered Outcomes Research Institute (PCORI) are due to the IRS no later than July 31, 2020, from employers who sponsor certain self-insured health plans.
PCORI Fees Are Back Again
Under the ACA, the PCORI fees were scheduled to end in 2019; however, they now have been extended to 2029. This extension was part of the Further Consolidated Appropriation Act of 2020 (the “ACT”) signed by President Trump on December 20, 2019.
IRS Announces 2021 HSA Contribution Limits, HDHP Minimum Deductibles, and HDHP Out-of-Pocket Maximums
The IRS has announced the 2021 cost-of-living adjusted limits for health savings accounts (HSAs) and high-deductible health plans (HDHPs).
PCORI Fees: Are They Back Again?
Under the ACA, the PCORI fees were scheduled to end in 2019; however, they have been extended through the signing of the Further Consolidated Appropriation Act of 2020.
Determining Medicare Creditable Coverage
The law requires that each employer offering prescriptions drug benefits as part of their employee benefit plan must notify any Medicare-eligible participant and the federal government if the coverage offered is at least as good as the standard Medicare prescription drug plan.