News-to-Use

Question of the Week

Q.- We have a July-June health plan and just completed open enrollment for coverages starting July 2023. An employee declined coverage but just found out his wife (who ...
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PCORI Fee Payments Due Soon

In an effort to promote evidence-based research and improve healthcare outcomes, the Patient-Centered Outcomes Research Institute (PCORI) was established under the ...
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Question of the Week

Q.- Do we have to give a Form 1095-C to our new full-time employees when they are hired?
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Summary of Benefits and Coverage

An SBC, or a Summary of Benefits and Coverage, is a standardized document that presents easy-to-understand information about a health insurance plan. The SBC is required ...
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Employers and ACA

The Affordable Care Act (ACA) was signed into law in 2010 with the goal of making healthcare more affordable and accessible for all Americans. One of the key provisions ...
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Substantiation of FSA Expenses

The IRS Chief Counsel office issued a memorandum addressing claims substantiation for medical and dependent day care flexible spending account expenses. According to the ...
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Prescription Drug Reporting

Group health plans and health insurance issuers must report prescription drug and health care spending information to the U.S. Department of Health and Human Services, ...
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Health FSA Eligible Expenses

A health Flexible Spending Account (FSA) is an employer-sponsored benefit that allows employees to contribute pre-tax dollars to pay for qualified medical expenses. ...
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Measuring Full Time Status

The Affordable Care Act (ACA) requires employers to offer affordable health insurance to full-time employees or face potential penalties. As an employer, it is important ...
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Summary of FCRA Rights Updated

The Consumer Financial Protection Bureau (CFPB) released an updated version of "Summary of Your Rights Under the Fair Credit Reporting Act" that employers must use ...
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