FLEX

AUGUST 30, 2023

Category: Employers Producers The Internal Revenue Service (IRS) recently issued Rev. 2023-29 which includes information about the changes to the affordability percentage as it relates to the Employer Mandate for 2024.

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FLEX

OCTOBER 31, 2023

Category: Employers Producers PCORI is funded in part by fees which are charged to health plans. The following information is designed to help employers understand their upcoming payment obligations.

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FLEX

OCTOBER 18, 2023

Category: Employers Producers Individuals There are two bills which have now been cleared for a vote in the House of Representatives (House). If passed in the House, the bills would then need to be approved by the Senate before going to the president for signature.

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FLEX

SEPTEMBER 20, 2023

Category: Employers Producers The Employer Mandate guidelines state that coverage is affordable when an employee must pay no more than 9.5% of their household income (inflation-adjusted to 8.39% for the 2024 plan year) for self-only coverage which is offered, but which employers know the household income of an employee?

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Guidelines 59

Benefit Resource Inc.

OCTOBER 24, 2022

BRI is thrilled to have received two honors in the inaugural BenefitsPRO Luminaries in the Class of 2022, one for the company in the Humanizing Benefits category and one for Becky Seefeldt , BRI’s Vice President of Strategy, in the category of Education and Communication. Luminaries Class of 2022.

Industry 98

Industry Strategy Productivity Wellness 98

FLEX

SEPTEMBER 27, 2023

Category: Employers Producers This may drive down the overall cost to the employer, and it may even be in the best interest of some Medicare-eligible participants; however, this type of action is generally prohibited under various laws.

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Groups 59

FLEX

OCTOBER 2, 2023

Category: Employers Producers In other words, the notice tells employees if the prescription drug benefit on the group health plan is at least as good as the standard Medicare Part D plan.

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Groups ATS 59

FLEX

SEPTEMBER 13, 2023

Category: Producers Individuals The federally facilitated Marketplace will have an open enrollment period that starts on November 1, 2023, and it ends on January 15, 2024. During this time, individuals and families may enroll in an individual health insurance plan or make changes to existing coverage without a qualifying event.

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FLEX

JUNE 15, 2023

Category: Employers Producers Individuals 2023-23 which includes the 2024 limits for qualified high deductible health plans (HDHPs) and Health Savings Accounts (HSAs). Read on for a summary of these limits.

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FLEX

AUGUST 9, 2023

Category: Employers Producers The state of Illinois has passed a law known as the Transportation Benefits Program Act which will require some employers in the Chicago metropolitan area to offer pre-tax transportation benefits to their employees.

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FLEX

JUNE 22, 2023

Category: Employers Producers Telehealth generally involves connecting with a physician or medical provider by phone, internet, or a combination thereof for primary care, mental health, second opinions, or other medical reasons. It has become a faster and more convenient way to receive medical care.

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FLEX

MAY 18, 2021

Category: Employers Producers The Internal Revenue Service (IRS) has recently issued Notice 2021-26 which provides tax guidance for various provisions that have recently changed for Dependent Care Flexible Spending Accounts (DC FSAs), which are sometimes also referred to as Dependent Care Assistance Programs (DCAPs).

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FLEX

MAY 7, 2021

Category: Employers Producers Individuals Department of Health and Human Services (HHS) recently finalized its Notice of Benefit and Payment Parameters which is also summarized in this Fact Sheet. These regulations are issued each year and make updates and changes to various provisions of the Affordable Care Act (ACA).

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FLEX

JANUARY 19, 2021

Category: Employers Producers The Consolidated Appropriations Act, 2021 was signed into law on December 27, 2020. As part of the law, a new stimulus package was included that impacts Health and Dependent Care Flexible Spending Accounts (Health and Dependent Care FSAs).

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FLEX

JUNE 17, 2021

Category: Employers Producers Individuals Supreme Court dismissed a case challenging the constitutionality of the Affordable Care Act (ACA), often referred to as Obamacare. The entire ACA continues to remain as the law of the land.

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FLEX

AUGUST 1, 2023

Category: Employers Producers Employees generally save on state income taxes, federal income taxes, and FICA taxes (i.e., Medicare and Social Security taxes). Employers also reduce their FICA taxes when a Cafeteria Plan is in place, so it is usually a win-win for all parties.

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FLEX

JULY 13, 2021

A summary of some of the key provisions has been outlined below: Category: Producers Individuals The proposed rules aim to lengthen the annual enrollment period, expand Navigator duties, and minimize any burden or confusion for consumers.

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FLEX

AUGUST 26, 2020

Category: Employers Producers Individuals A date is finally set for the Supreme Court of the United States (SCOTUS) to once again rule on the constitutionality of the Affordable Care Act (ACA). Oral arguments are expected to be heard on November 10, 2020, just one week after the presidential election.

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FLEX

MAY 26, 2021

Category: Employers Producers Individuals The guidance is broken up into various sections and consists of 86 different frequently asked questions (FAQs). Some details summarizing the guidance has been provided below.

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FLEX

SEPTEMBER 22, 2020

Category: Producers Bentegro is a comprehensive online benefits platform that has true end-to-end capabilities and serves as a central point between carriers, brokers, employers, and employees.

Compliance Training 105

Compliance Training 105

FLEX

SEPTEMBER 30, 2020

Category: Employers Producers The Consolidated Omnibus Budget Reconciliation Act of 1985 (COBRA) requires employers with 20 or more employees to offer continuation coverage under a group health plan for periods of 18, 29 or 36 months depending on the qualifying event.

Groups 104

Groups 104

FLEX

FEBRUARY 22, 2023

The general requirements are as follows: Category: Producers Did you know that there are specific rules in place to electronically furnish plan documents and written notices that are required to be distributed by the Employee Retirement Income Security Act of 1974 (ERISA)?

Retirement 59

Retirement Company 59

FLEX

DECEMBER 2, 2020

Below is a summary of some of the key cost components: Category: Producers Individuals On November 6, 2020, the Centers for Medicare & Medicaid Services (CMS) released the 2021 premiums, deductibles and coinsurance amounts for the Medicare Part A and B programs.

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FLEX

APRIL 14, 2020

Category: Employers Producers The Individual Coverage Health Reimbursement Arrangement (ICHRA) is an employer-sponsored defined contribution health plan whereas a 401(k) is a defined contribution retirement plan.

Retirement 111

Retirement 111

FLEX

NOVEMBER 16, 2022

Category: Producers Earlier this year, the Centers for Medicare & Medicaid Services (CMS) published some new compliance rules that will impact Third-Party Marketing Organizations (TPMOs) who sell Medicare Advantage and/or Part D plans.

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Report Compliance 59

Zenefits

DECEMBER 14, 2021

In the past, employers were required to pay tipped employees minimum wage for every hour worked that didn’t produce tips, if those hours were in excess of 20% of the employee’s workweek. For tip-producing work, employers are eligible to take a “tip-credit,” reducing the staff member’s hourly rate to adjust for any tips received.

Wage and Hour Training 69

Wage and Hour Training Guidelines Employee Engagement Training 69

FLEX

NOVEMBER 10, 2020

One of the following outcomes is likely to occur: Category: Employers Producers Individuals The underlying issue to be heard is whether the elimination of the Individual Mandate penalty now invalidates some, all, or none of the law.

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Trusaic

FEBRUARY 27, 2024

The report also must be broken down by categories, job levels, length of service, and qualifications. If a pay gap analysis reveals that women earn less than men, the company is required to produce an action plan.

Discrimination 130

Discrimination Interview Software Recruiting Software Planning Tools 130

FLEX

NOVEMBER 23, 2022

Category: Producers T he Centers for Medicare and Medicaid Services (CMS), the federal agency that largely oversees the Health Insurance Marketplace (Marketplace), has indicated that agents and brokers who assist with Marketplace enrollments must obtain client consent before assisting with enrollments and other Marketplace functions.

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FLEX

NOVEMBER 25, 2020

The Flex General Agency is excited to welcome Bright Health into our individual product portfoli Category: Producers

Productivity 105

Productivity 105

FLEX

JANUARY 25, 2023

Form 1095-A Category: Producers The reporting is due February 28, 2023 if filing manually and by March 31, 2023 if filing electronically. Electronic filing is required for entities that are filing 250 or more forms. Let’s get to the ABCs of the reporting.

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Report 59

FLEX

APRIL 23, 2021

Category: Employers Producers These HRAs work alongside a group health plan to reimburse employees for out-of-pocket expenses. Only those employees enrolled in the group health plan can participate in the HRA.

Groups 98

Groups 98

FLEX

SEPTEMBER 1, 2020

Category: Employers Producers The notice must include information about the creditable coverage status of the prescription drug benefit. In other words, the notice tells employees if the prescription drug benefit on the group health plan is at least as good as the standard Medicare Part D plan.

Groups 105

Groups ATS 105

MTM Recognition

JUNE 12, 2023

For example, adding new categories of badges (like choosing to add on a Wellness program) does not have any additional cost. 9) Which categories of recognition are the most beneficial? While every kind of recognition can be meaningful , two categories often see the most benefit. Simple pricing is better, right? Absolutely!

HR Software 85

HR Software Compliance Training Employee Engagement System 85

FLEX

DECEMBER 14, 2021

Category: Producers Employers Health Reimbursement Arrangements (HRAs) are self-funded group health plans that provide tax-free reimbursements to employees and their family members for out-of-pocket healthcare expenses.

Discrimination 75

Discrimination Groups 75

FLEX

AUGUST 13, 2020

Category: Employers Producers They are no longer comparing good and services, but instead experiences. As a result, they are demanding innovation, engagement, and personalization across every aspect of thier lives, including healthcare.

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FLEX

SEPTEMBER 5, 2023

Category: Employers Producers Individuals Under guidance issued in 2020, qualified High Deductible Health Plans (HDHPs) have been permitted to cover COVID-19 testing and treatment prior to the deductible and without it impacting the eligibility for a person to make contributions to a Health Savings Account (HSA).

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