November 2023

Gag Clause Attestation   Deadline for Submitting Gag Clause Attestation Is Dec. 31, 2023   Agencies Issue Additional FAQs Regarding the Transparency in Coverage Final Rules   Final Forms and Instructions for 2023 ACA Reporting Released Gag Clause Attestation Deadline for Submitting Gag Clause Attestation…

October 2023

In This Issue Employer Mandate Penalties Will Increase for 2024 Applicable large employers (ALEs) that do not offer affordable, minimum-value health coverage to their full-time employees may be subject to increased penalties under the Affordable Care Act’s (ACA) employer mandate for 2024. ALEs are employers…

September 2023

IRS Issues Affordability Percentage Adjustment for 2024 GAG Clauses Deadline for Employers to Receive MLR Rebates Is Approaching Ask us about our Learning Management System IRS Issues Affordability Percentage Adjustment for 2024 The Internal Revenue Service (IRS) has released Rev. Proc. 2023-29, which contains the inflation-adjusted…

August 2023

In This Issue Draft Forms for 2023 ACA Reporting Released The IRS has released draft 2023 forms for reporting under Internal Revenue Code Sections 6055 and 6056. Draft instructions these forms have not yet been released.  2023 draft Forms 1094-B and 1095-B are drafts of…

Benefits Buzz: May 2021

Consolidated Appropriations Act and Mental Health Parity FAQs   HSA Limits Increase for 2022   IRS Issues Guidance on Taxability of DCAP Benefits for 2021 and 2022   Consolidated Appropriations Act and Mental Health Parity FAQs The Consolidated Appropriations Act, 2021 (CAA) amended the Mental…

Benefits Buzz: April 2021

Congress Passes the American Rescue Plan Act of 2021   ARPA’s COBRA Subsidy Provisions   IRS Publishes Guidance for 2021 Employee Retention Credit   DOL Issues FAQs, Model Notices for COBRA Subsidy Under ARPA   Congress Passes the American Rescue Plan Act of 2021 Congress…

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).