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…

July 2023

In this Issue Court Reinstates ACA’s Preventive Care Mandate The 5th U.S. Circuit Court of Appeals has issued a stay of enforcement of a lower court’s ruling in Braidwood Management Inc. v. Beccara. In Braidwood, the lower court vacated a keyportion of the Affordable Care…

June 2023

HSA/HDHP Limits Increase for 2024   PCORI Fees Due July 31, 2023   IRS Addresses Claims Substantiation for FSA   Strategies to Improve Hiring Outcomes   HSA/HDHP Limits Increase for 2024 On May 16, 2023, the IRS released Revenue Procedure 2023-23 to provide the inflation-adjusted…

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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).