Category Archives: Employee Benefits

Dec. 20, 2013 Compliance Observer – Another Change to the ACA for Individuals Whose Plans Were Canceled

Download the AssuredPartners NL Dec. 20, 2013 Compliance Observer here: Dec. 20, 2013 Compliance Observer Alert. Another Change to the ACA for Individuals Whose Plans Were Canceled An announcement by the Obama Administration late Thursday, December 19th, allows for individuals whose coverage was canceled this year the option to enroll in a catastrophic plan and […]

Dec. 5, 2013 Compliance Observer

Download the AssuredPartners NL Dec. 5, 2013 Compliance Observer here: Dec. 5, 2013 Compliance Observer. Modified “Use-or-Lose” Rule for Health Flexible Spending Arrangements Source: Thomson Reuters/EBIA On October 31, 2013, The U.S. Department of the Treasury and the IRS issued a notice1 modifying the longstanding “use-or-lose” rule for health flexible spending arrangements (FSAs). To make […]

Nov. 18, 2013 Compliance Observer – Health Insurance Issuers May Choose to Continue Coverage

Health Insurance Issuers May Choose to Continue Coverage On Thursday, November 14, 2013, President Obama announced changes to the Affordable Care Act that would allow insurance companies the option to continue offering consumers plans that would otherwise be cancelled in 2014. The administrative changes under this transitional policy are good for just one year, though […]

Nov. 1, 2013 Compliance Observer – IRS Modifies "Use-or-Lose" Rule for Health FSAs

IRS Modifies “Use-or-Lose” Rule for Health FSAs Notice 2013-71, released yesterday, outlines modifications to the “use-or-lose” rule for Health FSAs. The modification permits Section 125 cafeteria plans to be amended to allow up to $500 of unused amounts remaining in a health FSA at the end of a plan year to be paid or reimbursed […]

Sept. 12, 2013 Compliance Observer – No Penalty for Failure to Provide Notice

Download the AssuredPartners NL Sept. 12, 2013 Compliance Observer here: Compliance Observer. No Penalty or Fine for Failure to Provide a Marketplace/Exchange Notice On September 11, 2013, the Department of Labor issued a FAQ on the Marketplace/Exchange Notice which indicated that there is no fine or penalty under the law for failing to provide the […]

Sept. 9, 2013 Compliance Observer: Medicare Part D Creditable Coverage Notices – Due October 15, 2013

The Medicare Modernization Act requires employers, whose health plans include prescription drug coverage to notify Medicare eligible policyholders whether their prescription drug coverage is creditable coverage. If coverage is creditable, it means that the coverage is expected to pay on average as much as the standard Medicare prescription drug coverage. This information is important to […]

Aug. 22, 2013 Compliance Observer

Download the AssuredPartners NL Aug. 22, 2013 Compliance Observer here: Compliance Observer. We continue to see guidance released by the various agencies involved in the regulation of insurance and employee benefits. In this Alert, we will bring you up to date on the following topics:  DOL and DoD Release Guidance on Supreme Court’s DOMA Ruling Transition […]

Aug. 20, 2013 Alert – Notice of Privacy Practices

Download Zywave’s Notice of Privacy Practices form here: Notice of Privacy Practices. [PLEASE NOTE: TO ENSURE C0MPLIANCE, THIS DOCUMENT SHOULD NOT BE USED WITHOUT PROPER REVIEW. EACH COVERED ENTITY SHOULD MODIFY THE NOTICE AS NECESSARY TO ENSURE THAT ITS NOTICE OF PRIVACY PRACTICES IS CONSISTENT WITH ITS OWN PRIVACY POLICIES AND PROCEDURES.] [GROUP HEALTH PLAN NAME] […]

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