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Medical Loss Ratio Rebates under the Affordable Care Act

Over the next month, health insurance carriers will distribute approximately $1B in medical loss ratio (MLR) rebates from 2021 to individual and group health insurance consumers.  The following provides an overview of a employer plan sponsor’s obligation for handling these MLR rebates. The MLR is the percentage of premium dollars received by a health insurance… Read More

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2023 Health Savings Account (HSA) and High-Deductible Health Plan (HDHP) Limits Announced

The Internal Revenue Service (IRS) has announced the inflation-adjusted 2023 minimum deductibles, out-of-pocket maximums, and contribution limits for heath savings accounts (HSAs) and qualified high-deductible health plans (HDHPs). Self-only coverage refers to plans for one individual, while family coverage refers to plans for two or more individuals. The out-of-pocket maximum includes copayments, deductibles, and coinsurance… Read More

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Important July 1 Transparency Deadline for Insurers and Group Health Plan Sponsors

A federal health insurance coverage price transparency rule takes effect on July 1, 2022, for all health insurance policies renewed between January 1, 2022, and July 1, 2022. For all other plans, the requirement will take effect upon renewal in 2022. The new rule applies to health insurance carriers and employers that offer group coverage… Read More

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Princeton HR Provides Employer Groups with Customized Online Benefits and HR Management Platform

As your broker, we’re always looking for ways to save you time, improve communication, streamline your benefits and HR practices, and increase employee engagement. This is why in 2021, we transitioned our employer group clients onto our new online technology platform with Ease! With Ease, we can help with all of the above, and more! Does… Read More

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2022 Medicare Part B Standard Premium, Deductible, and IRMAAs for Parts B and D

The Centers for Medicare and Medicaid (CMS) have announced the below for 2022: The standard Part B Premium is increasing by $21.60/month to $170.10 in 2022 (up from $148.50 in 2021) The Income Related Monthly Adjustment Amounts (IRMAAs) for Parts B and D are increasing as shown below, for those with incomes greater than $91k individual or $182k… Read More

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THE “NO SURPRISES ACT”

Federal legislation to protect healthcare consumers against surprise “balance bills” will take effect for plan years beginning on or after January 1, 2022.  Called the “No Surprises Act,” the new law protects insured individuals from excessive medical bills if they go to an out-of-network emergency facility or are treated by an out-of-network provider practicing at… Read More

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ThinkHR to become Mineral

ThinkHR, our trusted partner for delivering HR and compliance solutions to our group clients for over 5 years, is relaunching under a new name: Mineral.  Here are a few things you need to know: Everything about your ThinkHR platform and services will remain exactly the same – same name, features, services and login.  You’ll continue… Read More

The Employee Retirement + Income Security Act (ERISA) requires employers to send a variety of notices to participating employees/dependents. Register here to learn what types of plans require disclosure notices, the frequency, + e-delivery requirements:
https://t.co/vpcy8agQEc
Health insurance carriers will distribute about $1B in MLR rebates from 2021 to individuals + employers this month. Plan sponsors must properly document/distribute $ owed to participants: https://t.co/QkA66HRg8I
CMS has released the 2023 Medicare Parts A & B Premiums and Deductibles, and Part D Income-Related Monthly Adjustment Amounts (IRMAA):

https://t.co/2wisEsnuf8 https://t.co/oP1OW1ilFU
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Important updates to Rx benefits for Medicare Beneficiaries! https://t.co/FNAiOn6lQd
Employers are invited to attend this free webinar covering:
*What is workforce experience?
*The impact that the worker has on today's enterprise
*Healthcare workforce trends and solutions
https://t.co/9M2ELxgmCm
The Inflation Reduction Act aims to reduce the cost of Rxs under Medicare Part D + provides an extension of the ARPA’s expanded access to federal subsidies for people who buy health insurance through https://t.co/Rnr5hHMDzg or their state-based exchange:

https://t.co/WXsNcaHVHL