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Updates to Fines for ACA, HIPAA, and MSP Violations
December 20, 2023
Recent updates have been made to the civil penalties for HIPAA violations, ACA requirements, and Medicare Secondary Payer rules. Increases in these fines means it is more important than ever to review your documents and procedures to ensure compliance.
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Avoid Compliance Mistakes During Open Enrollment
December 20, 2023
Open enrollment is one of the busiest times of year for employee benefits professionals. It’s a stressful season that typically results in questions and complaints and comes with a high potential for both employer and employee mistakes.
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A Closer Look at ERISA Requirements – A Review of the Summary of Benefits and Coverage
December 20, 2023
The Summary of Benefits and Coverage (SBC) is a document that health insurance companies are required to provide to plan participants and beneficiaries under the Affordable Care Act (ACA). It's designed to help individuals better understand their health insurance coverage by providing a summary of key information in a standardized format.
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ACA Employer Shared Responsibility Payments Increasing for 2024
March 23, 2003
The IRS has issued Revenue Procedure 2023-17 announcing the 2024 indexed adjustments to the amounts used to calculate employer shared responsibility payments under Internal Revenue Code Sections 4980H(a) and 4980H(b)(1).