ACA

Amwins Connect - September 2024 Question of the Month

Amwins Connect – September 2024 Question of the MonthQuestionIf an employer/plan sponsor received a Medical Loss Ratio (MLR) rebate from the carrier, does the employer/plan sponsor have to distribute ...

Medical Loss Ratio (MLR) Rebates Are Coming

Employers sponsoring a fully insured group health plan may soon be getting a check from their insurer!

Medical Loss Ratio (MLR) Rebates Are Coming

Employers sponsoring a fully insured group health plan may soon be getting a check from their insurer!

Compliance News Week Ending August 16, 2024

Compliance News Week Ending August 16, 2024 In this Article: HHS Announces Penalties for HIPAA, Medicare Secondary Payer (MSP), and Summary of Benefits and Coverage (SBCs) Violations When is Creditabl...

Amwins Connect - August 2024 Question of the Month

Amwins Connect – August 2024 Question of the MonthQuestionOur medical plan year is July 1 through June 30. Coming up on our renewal, we now have less than 35 employees, so we do not believe we are an ...

ACA Health Insurance Subsidies Could Expire at the End of 2025

ACA Health Insurance Subsidies Could Expire at the End of 2025Resource for this article is from the Kaiser Family Foundation (KFF) website. The effect of the subsidies expiring would be enrollees in t...

Compliance News Week Ending July 19, 2024

Compliance News Week Ending July 19, 2024 Draft Employer Reporting Form 1095s The IRS released draft versions of the Form 1095-A, Form 1095-B and Form 1095-C used for reporting enrollment in min...

New Potential ACA Ruling - Adult Dental Coverage

New Potential ACA Rule – Adult Dental Coverage A few months back, the Biden Administration proposed enhancing ACA insurance by adding adult dental coverage. This falls under the HHS Notice of Benef...

UnitedHealthcare and Oxford Post PCORI Membership Reports

UnitedHealthcare and Oxford Level Funded groups with plan years ending in 2023 have been provided a PCORI Membership Report to assist in the annual fee filing.

Employer Compliance Tip - Are SSNs Required for Medical Plan Enrollment?

Employer Compliance Tip Are SSNs Required for Medical Plan Enrollment? There seems to be confusion about whether employees, spouses and dependents must provide a valid social security number (SS...

Who Has To Provide 1094/1095-C Statements to Employees and the IRS?

Who Has To Provide 1094/1095C Statements to Employees and Information to the IRS? Question The insurance carrier confirmed that the Form 1095-Bs were filed for the fully insured plan, so does th...

UnitedHealthcare Updates Guidance for 2023 ACA IRS Reporting

[UPDATED] Based on IRS direction and in accordance with Individual Mandates, UnitedHealthcare has updated guidance for posting and notifying fully insured subscribers of annual tax forms.