Preheader
Get A Quote
subheader Home Page

Affordable Care Act – Final Rule on Information Reporting by Exchanges

On May 7, 2014, the Internal Revenue Service (IRS) published a Final Rule on information reporting by Affordable Care Act (ACA) Exchanges.  The Final Rule requires Exchanges to file annual and monthly reports for each Qualified Health Plan (QHP) purchased through the Exchange during the reporting period.

Read the Final Rule

Affordable Care Act FAQs Part XIX

On May 2, 2014, the Departments of Labor (DOL), Health and Human Services (HHS), and the Treasury released new guidance (FAQs about Affordable Care Act Implementation Part XIX) regarding the updated Department of Labor model COBRA notices, limitations on cost-sharing, preventive services, Health Flexible Spending Accounts, and Summary of Benefits and Coverage (SBC).

In addition to the FAQs, the Department of Health and Human Services released a bulletin on new special enrollment periods (SEPs) and hardship exemptions.

Read the FAQs

Read the Bulletin

Proposed Rule on Health Care Continuation Coverage

On May 2, 2014, the Employee Benefits Services Administration (EBSA) of the Department of Labor issued proposed rules regarding continuation coverage that employers must provide to their employees under the Consolidated Omnibus Reconciliation Act (COBRA) of 1985. The EBSA also released two model notice forms for employers to use for providing COBRA notices to their employees.

General and election model notices are currently located in the appendix to COBRA regulations. The proposed rule would eliminate the current model notices from the regulation and instead provide model notices through guidance to make it easier to update the model notices. The new model notices reflect that coverage is now available in the Marketplace and the updated model election notice provides information on special enrollment rights in the Marketplace.

Read the Proposed Rules

View the Model General Notice

View the Model Election Notice

IRS Releases 2015 Amounts for HSAs and HDHPs

On April 23, 2014, the U.S. Treasury Department and Internal Revenue Service (IRS) released Revenue Procedure 2014-30, which lists the 2015 indexed amounts, adjusted for inflation, for health savings accounts (HSAs) and high-deductible health plans (HDHPs).

The Revenue Procedure is effective for calendar year 2015.

Read Revenue Procedure 2014-30

Source
Share |


No Comments


Post a Comment
Name
Required
E-Mail
Required (Not Displayed)
Comment
Required


All comments are moderated and stripped of HTML.
Submission Validation
Required
CAPTCHA
Change the CAPTCHA codeSpeak the CAPTCHA code
 
Enter the Validation Code from above.
NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive


View Mobile Version


Health Care Reforms Updates
 
Home | Employee BenefitsHealthcare ReformHuman Resources & ComplianceIndividual BenefitsHR HotlineHR360 | Contact Us
About Us | Frequently Asked QuestionsInsurance GlossaryRead Our BlogJoin Our Newsletter | Our Privacy Policy
Sound Benefits Insurance Solutions, LLC |
2430 Camino Ramon, Ste 114 | San Ramon, CA 94583
| 925-244-1330

CA License # 0829290
Alternate Content
Contact Us

RSS Feed LinkedIn Facebook Twitter Contact Us