The Department of Labor (DOL) and Department of Health and Human Services (HHS) issued new guidance for employers on notification requirements for COBRA. The new guidance requires employers to notify laid-off, as well as terminated workers who lose their employer-sponsored insurance about
Agencies Release New COBRA and CHIPRA Guidance and Model Notices
Department of Labor (DOL) and Health and Human Services (HHS) recently released several pieces of guidance regarding COBRA, which clarify the impact of the ACA’s Exchanges. Including: Proposed Regulations which would amend the COBRA notice requirements to reflect changes made by the
Summary of Benefits and Coverage Requirement (SBC) and Advanced Notice of Material Modification
The Departments of Health and Human Services, Labor and the Treasury have established a “Good Faith Compliance Standard,” which means that no penalties to those working diligently and in good faith to provide the required SBC content in an appearance consistent with the final regulations.
IRS: HSA and HDHP Cost-of-living Adjustments for 2015
The Internal Revenue Service (IRS) issued Revenue Procedure 2014-30, which increases limits for health savings accounts (HSAs) effective for calendar year 2015. The following HSA limits will increase for 2015: Annual contribution limits for single and family coverage; Maximum out-of-pocket
Non-Taxable Contributions Cannot Be Used in the Individual Marketplace
You Cannot Use Section 105 Plans and Other Reimbursement Arrangements to Purchase an Individual Plan on a Tax-preferred Basis¹ By Christopher E. Condeluci, Esq. Of Counsel, Venable LLP Washington, DC Let’s cut to the chase: An employee cannot purchase an insurance policy sold in the individual
White House Extends Transition Policy
On March 5, 2014, the Department of Health and Human Services (HHS) extended the transition relief policy for two years to policy years beginning on or before Oct. 1, 2016. Thus, individuals and small businesses may be able to keep their non-ACA compliant coverage into 2017, depending on the plan