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Five tools every insurance agent should have

PeopleKeep

With thousands of Americans looking to agents and brokers for help navigating the confusing world of health insurance, qualified insurance agents are in high demand in the U.S. In this article, we’ll cover five essentials tools every insurance agent should have at the ready: A website. Cross-channel communication tools.

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Form 720 and PCORI fee FAQs | PeopleKeep

PeopleKeep

The Affordable Care Act (ACA) introduced a fee paid by sponsors of self-insured health plans to fund the Patient-Centered Outcomes Research Institute (PCORI). This fee was initially set to expire in 2019 but has been extended through September 30, 2029 2 , due to the Further Consolidated Appropriations Act of 2020 3.

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Top 10 California Laws, Regs for 2024: Part II

InterWest Insurance Services

After many people starting working remotely when the COVID-19 pandemic began in 2020, the Workers’ Compensation Insurance Rating Bureau created a new telecommuter class code (8871) and tethered its pure premium advisory rate to the 8810 clerical classification for easier administration.

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Medical Plans Have PCORI Fee Extended 10 Years

Fringe Benefit Analysts

At the end of 2019, Congress reauthorized the annual payment of the PCORI fee until 2029. For those needing help calculating the average number employees and dependents during the plan year, you can typically request this information from your medical insurance carrier or third-party administrator (TPA). This fee is currently $2.54

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June HR News Worth Review

Higginbotham

As we have been discussing since last year through multiple webinars and compliance updates, the Transparency in Coverage Final Rules (TiC Final Rules) require group health plans and health insurance issuers to disclose on a public website detailed pricing information in three separate machine-readable files (MRFs). PCORI Fees Due Aug.

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June HR Update

Higginbotham

P CORI Fees Due July 31, 2023 The Affordable Care Act (ACA) requires health insurance issuers and self-insured plan sponsors to pay Patient-Centered Outcomes Research Institute fees (PCORI fees). As a result, these fees will continue to apply for the 2020-2029 fiscal years. February 2022 July 31, 2023 $2.79 1, 2022, or $3.00

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September HR News Worth Review

Higginbotham

The negotiations will take effect in 2026 for 10 drugs covered by Medicare, increasing to 20 drugs in 2029. The law also implements a three-year extension on increased health insurance subsidies for coverage purchased through an Exchange.