The Affordable Care Act requires an applicable large employer to offer it’s full-time employees affordable health coverage that provides minimum value.
BAS Blog
Q.- We have a calendar year health FSA. An employee purchased contact lenses in December 2013. He got the bill for the lenses and paid the bill in January 2014. He submitted his claim for the expenses to be paid from his 2014 FSA, but it was denied. Is this denial correct?
A.- Yes. The expense is properly denied. The Internal Revenue Code provides that a medical expense is incurred when the employee is provided with the medical care that gives rise to the expense, and not when the employee is formally billed, charged or pays for the care. The employee was fitted and received the contact lenses in 2013. The expense may be paid from his 2013 FSA, even though he actually paid the bill for the lenses in 2014.
MyEnroll.com provides a centralized location for an employer's Human Resources documents, forms and links while providing easy access for employees through the online Reference Library. An employer may customize the Reference Library to grant access to all employees, or to restrict access to specific Benefit Classes. This unique feature gives an employer the tools it needs to customize information provided to employees on a class-by-class basis.
Governor Christie signed Chapter 78, P.L. 2011 into law, effective June 28, 2011. This law provides for changes to the manner in which the State-administered retirement systems operate and to the benefit provisions of those systems. The law also changes the manner in which the State-administered Health Benefits Programs operate and the employee contribution and benefit provisions of those programs.
Governor Christie signed Chapter 78, P.L. 2011 into law, effective June 28, 2011. This law provides for changes to the manner in which the State-administered retirement systems operate and to the benefit provisions of those systems. The law also changes the manner in which the State-administered Health Benefits Programs operate and the employee contribution and benefit provisions of those programs.
"To help brokers and consultants as they re-examine their current strategies and explore new ones, MetLife conducted an extensive survey and face-to-face interviews with brokers and consultants who work with employers of all sizes. The results of this research reveal insights into the challenges and concerns brokers and consultants are facing, as well as the different strategies they are considering to sustain profitability and differentiate themselves in a post-health care reform world." To learn more and access the study, go to "Findings from MetLife’s Broker and Consultant Study - Where Do We Go From Here? Prospering in a Post-Health Care Reform World."
For the past 20 years, BAS has been providing insurance brokers and consultants with valuable, leading-edge benefits administration technologies to help attract and retain clients. Brokers interested in setting up their own private exchanges to compete with the State SHOP exchanges, BAS can offer its MyEnroll.com benefits eligibility enrollment and administration portal to help get off the ground quickly.
"To help brokers and consultants as they re-examine their current strategies and explore new ones, MetLife conducted an extensive survey and face-to-face interviews with brokers and consultants who work with employers of all sizes. The results of this research reveal insights into the challenges and concerns brokers and consultants are facing, as well as the different strategies they are considering to sustain profitability and differentiate themselves in a post-health care reform world." To learn more and access the study, go to "Findings from MetLife’s Broker and Consultant Study - Where Do We Go From Here? Prospering in a Post-Health Care Reform World."
In accordance with HHS' January 16, 2009, published two final rules to adopt updated HIPAA standards, BAS is scheduled to send its first two client HIPAA 5010 test files to Blue Cross/Blue Shield of Florida within the next two weeks. BAS expects testing will take approximately 2 weeks per file.
