The Department of Labor (DOL), Department of Health & Human Services (HHS) and the Internal Revenue Service (IRS) have issued adjusted penalty amounts for employers audited in 2020 as follows:... read more →
Effective for Tax Year 2019, New Jersey’s 1095 compliance requirements for their individual state mandate will take effect. Employers sitused in New Jersey or who employ New Jersey residents must... read more →
Under the Medical Loss Ratio (MLR) requirements of the Affordable Care Act (ACA), health insurance carriers must spend at least 80 to 85% of the premium dollars they collect each... read more →
Medicare Part D is a voluntary outpatient prescription drug benefit for Medicare beneficiaries, provided through private plans approved by the federal government. Beneficiaries can choose to enroll in a stand-alone... read more →
On 6/24/19, President Trump signed an executive order directing the of Departments of Labor (DOL), Treasury and Health and Human Services (HHS) to increase healthcare price and quality transparency by issuing guidance... read more →
The U.S. Department of Labor (DOL) has increased penalties for violating federal minimum wage, overtime, and posting and safety requirements, effective January 23, 2019. The increased monetary fines apply to... read more →
Employer groups that offer prescription drug coverage to Medicare eligible employees, dependents and/or retirees, need to provide annual creditable disclosures to both their eligible plan participants and the federal Centers... read more →
Implementation of the "Cadillac Tax," the Affordable Care Act's excise tax on high-cost employer-sponsored health coverage, has been delayed until 2022. Previously, this tax—which would impose a 40% tax on plans... read more →
Important information for prospective individual medical enrollees who did not enroll at open enrollment: Amerihealth (NJ): Coverage effective dates can only be 1st or 15th of the month. For when... read more →
The Internal Revenue Service (IRS) has begun enforcing the employer shared responsibility provision (aka "employer mandate" or "pay or play" provision) of the Affordable Care Act (ACA) for the 2015... read more →
