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.
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.
ACA Health Insurer Tax (HIT) Has Been Repealed… but What Does That Mean?
The ACA’s health insurer tax (HIT), often referred to as the “health insurance providers fee,” imposes a fee on each covered entity engaged in the business of providing health insurance.