From policy reminders to breaking news on the federal and state level, we keep our clients and partners updated on the topics that matter in healthcare, wellness and employee benefits.
It’s MLR Rebate Time Again!
PPACA requires insurers to submit an annual report to HHS that accounts for plan costs. If the insurer doesn’t meet the medical loss ratio standards, they must provide rebates to policyholders. Rebates must be distributed to employer plan sponsors between Aug. 1,…Read More »
Applicable plan sponsors must file Form 5500-series returns on the last day of the seventh month after their plan year ends. As a result, calendar-year plans generally must file by July 31 of this year (reporting on the 2016 plan year). Plans…Read More »
PPACA imposed the PCOR fee on health plans to support clinical effectiveness research. The PCOR fee applies to plan years ending on or after Oct. 1, 2012, and before Oct. 1, 2019. The PCOR fee is generally due by July 31 of…Read More »
Individuals who were HSA eligible in 2016 have until the tax filing deadline to make or receive contributions. Thus, 2016 HSA contributions must generally be made by April 18, 2017. This includes employer contributions. The 2016 contribution limit is $3,350 for self-only…Read More »