Do you have a cafeteria plan or sponsor any self-insured health plans, including a health reimbursement arrangement? If so, then your plan is subject to the nondiscrimination testing requirements under…
HRA
As most employer sponsors of health insurance are aware, 50-60% of their total costs are generally driven by the dependents of the people they employ. Migrating risks off your plan…
1 min read
Consumer Driven Health Plans
In recent years, consumer driven health plans—such as high deductible health plans, health savings accounts, flexible spending accounts, and health reimbursement arrangements—have become the go-to benefit offering to encourage consumerism…
Compliance Confidence
2 min read
Congressional Action Allows Some Employers To Reimburse Individual Health Premiums
A new law marks the end of the Affordable Care Act’s (ACA’s) prohibition against an employer reimbursing his or her employees for the premium cost of individual health insurance.
In June 2015, the IRS released draft forms for certain employers to use to meet their reporting obligations under the Affordable Care Act (ACA). The instructions confirmed that employer-sponsored health…
Every other year, my birthday gets a little more stressful, but not because I’m trying to cope with getting older. As a licensed producer in the state of Connecticut, I'm…
Compliance Confidence
4 min read
2 Crucial Responsibilities Self-Insured Employers Need To Act On Now
Employers who offer a self-insured medical plan now have two additional responsibilities: 1) Submitting for the Transitional Reinsurance Fee by November 15, 2014, and 2) Applying for an ACA and…
