May 2024

Prescription Drug Report Is Due by June 1, 2024 Group health plans must annually submit detailed information on prescription drug and health care spending to the federal government. This reporting is referred to as the “prescription drug data collection,” or the “RxDC report.” The next…

April 2024

DOL Releases ERISA Enforcement Results for 2023 The U.S. Department of Labor (DOL) has released the results of its Employee Benefits Security Administration’s (EBSA) enforcement actions during fiscal year (FY) 2023. The DOL has broad authority to investigate or audit an employee benefit plan’s compliance…

March 2024

IRS Releases ACA Pay-or-Play Penalties for 2025 The IRS recently released updated penalty amounts for 2025 related to the employer shared responsibility (pay-or-play) rules under the Affordable Care Act (ACA). For calendar year 2025, the adjusted $2,000 penalty amount is $2,900, and the adjusted $3,000…

February 2024

ACA Reporting Deadlines Are Approaching Employers subject to Affordable Care Act (ACA) reporting under Internal Revenue Code Sections 6055 or 6056 should prepare to comply with upcoming reporting deadlines. For the 2023 calendar year, covered employers must: Furnish statements to individuals by March 1, 2024…

January 2024

Health Plans Must Expand Price Comparison Tool for 2024 Beginning in 2024, group health plans and health insurance issuers must expand the internet-based price comparison tool available to participants, beneficiaries, and enrollees to include all covered items, services, and drugs. This tool aims to provide…

December 2023

Upcoming ACA Reporting Deadlines   IRS Announces Employee Benefit Plan Limits for 2024   Cost-sharing Limits for 2025 Released   Live Well Work Well Holiday Stress   Year – End Activity Checklist   Hectic Holiday: Battling Holiday Depression and Stress   https://healthsure.com/wp-content/uploads/2023/12/Happy-Holidays_2018.mp4 Upcoming ACA Reporting…

CHIC Logo

Take the Community Hospital Insurance Coalition (CHIC) for example. With our expert support and management, more than 30 rural hospitals who have come together to own this medical stop-loss reinsurance company. They are paying less for their insurance, improving benefits program performance, and receiving their share of a significant annual surplus cash distribution (~$2.5 million since inception in 2018).