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On October 18, 2022, the Internal Revenue Service (IRS) announced cost-of-living adjustments to the applicable dollar limits for certain account-based health and welfare plans (see Rev. The post IRS Announces Cost-of-Living Adjustments for Health and Welfare Plans appeared first on EMPLOYEEBENEFITS BLOG.
International Foundation of Employee Benefit Plans
JANUARY 13, 2023
Plan sponsors and administrators are encouraged to reference these comprehensive calendars to stay on track in 2023. Health and Retirement Plans Subject to ERISA (Includes Multiemployer Plans) Health and Welfare.
The Internal Revenue Service (IRS) and the Social Security Administration announced the cost-of-living adjustments to the applicable dollar limits on various employer-sponsored retirement and welfare plans and the Social Security wage base for 2023.
On November 9, 2023, the Internal Revenue Service (IRS) announced cost-of-living adjustments to the applicable dollar limits for certain health and welfare plan benefits, including those for health flexible spending arrangements and commuter benefit plans, among other important updates.
Recently, the Internal Revenue Service (IRS) announced (See Revenue Procedure 2022-24) cost-of-living adjustments to the applicable dollar limits for health savings accounts (HSAs), high-deductible health plans (HDHPs) and excepted benefithealth reimbursement arrangements (HRAs) for 2023.
offers some useful insights on the enforcement by private litigants of the Mental Health Parity and Addiction Equity Act (MHPAEA). UnitedHealth Group for the 2023 MHPAEA Proposed Rule appeared first on EMPLOYEEBENEFITS BLOG. UnitedHealth Group, Inc.,
Wellbeing is certainly a buzzword, but put simply it can be defined as the moral or physical welfare of a person or community. This element of physical welfare, or physical activity per se, is crucial to achieving wellbeing in the workplace. Mental Health. Looking after your mind is just as important as looking after your body.
In May 2023, the Florida Legislature amended the Florida Electronic Health Records Exchange Act to add a provision regarding the security and storage of patient information. It took effect on July 1, 2023. Read more here. Read more here.
Recently, the Internal Revenue Service (IRS) announced (See Revenue Procedure 2023-23) cost-of-living adjustments to the applicable dollar limits for health savings accounts (HSAs), high-deductible health plans (HDHPs) and excepted benefithealth reimbursement arrangements (HRAs) for 2024.
Now more than ever, employeebenefit packages are considered important for the unwieldy terrain of today's job market. Only those organizations that understand how to use this most powerful approach to their advantage by including comprehensive benefits in kind do well in the market for acquiring and retaining key brainpower.
On July 7, 2022, the Centers for Medicare & Medicaid Services (CMS) released the CY 2023 Revisions to Payment Policies Under the Physician Fee Schedule and Other Revisions to Medicare Part B Proposed Rule, which was published in the Federal Register on July 29, 2022.
On September 27, 2022, the Centers for Medicare & Medicaid Services (CMS) released 2023 premiums, deductibles and coinsurance amounts for Medicare Parts A and B, and the Medicare Part D income-related monthly adjustment amounts. The post CMS Announces 2023 Medicare Premiums and Deductibles appeared first on EMPLOYEEBENEFITS BLOG.
What is the primary force that will act on healthcare in 2023? Slattery and other industry professionals provide insight into the themes that will […] The post Healthcare Predictions for 2023: Hard Choices and Working Smarter appeared first on EMPLOYEEBENEFITS BLOG. In this special report produced by Jarrad Inc.,
Pharmacy benefit managers (PBMs) are a key stakeholder in the drug supply chain, functioning as intermediaries between insurance providers and pharmaceutical manufacturers. Congress and […] The post Pharmacy Benefit Manager Reform: What’s on the Horizon? December 2023 Update) appeared first on EMPLOYEEBENEFITS BLOG.
Health provider Novus Health has received living pension employer accreditation from the Living Wage Foundation. It employs 65 members of staff from its Horbury headquarters and four local health and wellbeing hubs in Wakefield, Pontefract, Normanton and Sandal. The employer pays in at least 7%, or £1,630.
In today's tough job market, businesses need to attract and keep the best employees to succeed. In 2023, employeebenefits are important for businesses. Welcome to “EmployeeBenefits Guide for 2023: What Employers Need to Know.” Why Are EmployeeBenefits Important?
On January 25, 2023, the US Department of Health and Human Services (HHS) announced that more than 16.3 million people nationwide selected an ACA Marketplace health plan during the 2023 open enrollment period that ran from November 1, 2022, until January 15, 2023, for most marketplaces.
The Consolidated Appropriations Act (CAA), 2023 (Public Law 117-328), extended certain key virtual care flexibilities instituted during the COVID-19 public health emergency through December 31, 2024. This includes the telehealth safe harbor for health savings account-eligible high deductible health plans.
On December 23, 2022, US Congress approved a year-end omnibus legislative package, Consolidated Appropriations Act, 2023 (CAA 2023), which consists of all 12 fiscal year 2023 appropriations bills and numerous other provisions, including health policy changes.
On August 3, 2023, the US District Court for the Eastern District of Texas ruled on the implementation of the No Surprises Act in Texas Medical Association, et al. US Department of Health and Human Services, et al.
Credit: Peter_Fleming / Shutterstock.com Craft retailer Hobbycraft and software firm Softwire were named among the Best Companies to Work For in Q2 2023. Businesses were ranked using a methodology that included employees’ responses to an engagement survey, which produced a Best Companies Index score.
If you sponsor a high deductible health plan (“HDHP”) and have been tracking telehealth relief, your head may be spinning and rightfully so! There have been various laws and guidance impacting HDHPs and telehealth since 2020 and most recently, new legislation extended relief for 2023 and 2024 plan years.
On April 20, 2023, McDermott’s Alden Bianchi was a speaker at the ERISA Industry Committee’s 2023 Annual Spring Policy Conference, which was held at the National Press Club in Washington, D.C.
The letter covered frequently asked questions and answers related to the coverage criteria and utilization management requirements in the CMS Final Rule issued on April 5, 2023. Among the FAQs […] The post CMS Issues Guidance on Usage of AI in Making Coverage Determinations appeared first on EMPLOYEEBENEFITS BLOG.
In May 2023, the Texas Legislature passed Senate Bill No. The bill faced numerous legal challenges but ultimately went into effect on September 1, 2023. Amidst the legal […] The post Update on Texas Senate Bill 14-Related Lawsuits appeared first on EMPLOYEEBENEFITS BLOG.
On November 6, 2023, the Centers for Medicare & Medicaid Services (CMS) issued a proposed rule for the Medicare Advantage and Part D programs. Among other proposals, CMS proposed significant changes to longstanding rules on permissible payment structures for agents and brokers.
On November 2, 2023, CMS released the calendar year 2024 final rule for services reimbursed under the Medicare Physician Fee Schedule. In […] The post Remote Monitoring and Digital Therapies: CMS Updates Coverage and Payment Policies appeared first on EMPLOYEEBENEFITS BLOG.
Credit: Robert Way / Shutterstock.com Insurance firm Axa has has enhanced employeebenefits for its employees in Greater China to promote work-life balance in the workplace and provide support at different life stages. The post Axa enhances work-life balance benefits in Greater China appeared first on EmployeeBenefits.
In December 2023, the National Association of Insurance Commissioners (NAIC) adopted a Model Bulletin on the Use of Artificial Intelligence (AI) Systems by Insurers. The model bulletin reminds insurance carriers that they must comply with all applicable insurance laws and regulations (e.g.,
On September 29, 2022, California Governor Gavin Newsom signed Assembly Bill 1278, which requires physicians and their employers to provide patients with notices about the Open Payments database starting January 1, 2023. The post New California Law Requires Open Payments Notice to Patients appeared first on EMPLOYEEBENEFITS BLOG.
On May 19, 2023, Novitas Solutions and First Coast Options sent an email to certain interested parties, with whom they had engaged following the multijurisdictional contractor advisory committee (CAC) meeting, explaining that they have decided to not pursue at this time a local coverage determination for remote physiological monitoring (RPM) and remote (..)
The US Centers for Medicare & Medicaid Services (CMS) recently released a report recommending that cost savings from lower-than-expected Medicare Part B spending be passed along to individuals with Medicare Part B coverage in the calculation of the 2023 Part B premium.
If you sponsor a high deductible health plan (“HDHP”) and have been tracking telehealth relief, your head may be spinning and rightfully so! There have been various laws and guidance impacting HDHPs and telehealth since 2020 and most recently, new legislation extended relief for 2023 and 2024 plan years.
Vodafone prioritizes the financial wellbeing of its employees, by demonstrating a strong commitment to their overall financial health. They were highly commended for the Biggest Impact on Financial Health category at the Financial Wellbeing Impact Awards 2023.
A Forbes Advisor summary of recruitment stats indicated that 46 percent of HR leaders reported recruiting as one of their top priorities for 2023. But for companies that do not have the current funds to support competitive salaries, there can be many other ways to support their employees.
29, 2024 for Calendar Year Plans Each year, group health plan sponsors are required to complete an online disclosure form with the Centers for Medicare & Medicaid Services (CMS) indicating whether the plan’s prescription drug coverage is creditable or non-creditable. DOL Releases Audit Results of ERISA Enforcement During 2023 The U.S.
Providing training to line managers and mental health first aiders can help to normalise money conversations and create a culture where employees feel they can ask for help. As money worries can affect other areas of an individual’s health, it is sensible to align workplace financial and mental wellbeing strategies.
Section 307 of the 2022 CAA extends the relief permitting high deductible health plans (“HDHPs”) to provide telehealth and other remote care services free of charge before a participant meets their required deductible, but there’s a catch. The 2022 CAA extends this relief to months beginning after March 31, 2022 and before January 1, 2023.
Such “gag clauses” may be found in agreements between a group health plan or issuer and any of the following parties: (1) a health care provider; (2) a network or association or providers; (3) a third party administrator (“TPA”); or (4) another service provider offering access to a network of providers.
Last week, the Departments of Labor, Treasury and Health and Human Services (“the Departments”) issued an FAQ about the final Transparency in Coverage rules (“TiC Rules”). Those non‑enforcement policies were revoked on September 27, 2023. More information is available in our blog post discussing this revocation.
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