IRS Releases Minumum Coverage Level Information for Large and Small Groups But Asks for Comments

By on April 26, 2012 in Breaking News, health care reform, IRS

Notice 2012-31 describes and requests comments on several possible approaches to determining whether health coverage under an eligible employer-sponsored plan provides minimum value.  Beginning in 2014, eligible individuals who purchase coverage under a qualified health plan through an Affordable Insurance Exchange may receive a premium tax credit under § 36B only if they are not [...]

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House panel to hold hearing on FSA reimbursements for over-the-counter drugs

By on April 23, 2012 in Breaking News, health care reform

April 19, 2012 – 10:53am   FEATURED SOLUTION ARC: What benefits managers need to know about health care reform   WASHINGTON—A House panel next week will hold a hearing on an unpopular provision in the health care reform law that restricts the use of flexible spending accounts to reimburse employees for over-the-counter medications. Under that [...]

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Health Reform Questions-Taxation of MLR Rebate Cash Payments

By on April 13, 2012 in MLR

By Larry Grudzien, JD April 12, 2012 My employer has just indicated that it will receive a Medical Loss Ratio (MLR) rebate from the insurer for group health coverage provided in 2011.  It will distribute the rebate to employees in the form of a cash payment for any amounts contributed by them.  Will these cash payments [...]

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What to look for in a CDH TPA

By on April 4, 2012 in Cafeteria Plans, consumer driven health

Plan Documents are Not a Courtesy, They are a requirement How to Pick a Good TPA   Written by:  Ric Joyner As an agent or broker, have you scrutinized your client’s pre-tax benefit plan documents?  Often brokers mention their current CDH Third Party Administrator (TPA) sends their client the required plan documents, and the documents [...]

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