Annual Medicare Part D Notification Reminder: Send by October 15, 2014
Under the Medicare Part D program, employers who offer prescription drug coverage are required to provide an annual notice. It must be sent to those Medicare Part D eligible individuals who are covered...
View ArticleNew Hampshire Social Media Privacy Law Takes Effect on September 30th
As of September 30th, 2014, New Hampshire employers must take note of a new law regarding their employees’ use of social media. The law, which is designed to protect employee privacy, prohibits...
View ArticleHealth Care Reform: PCORI Fee Amount Adjusted for 2014
Under the Affordable Care Act, health insurance issuers and self-insured plan sponsors are required to pay the Patient-Centered Outcomes Research Institute fees (PCORI fees). This fee was implemented...
View ArticleShould Your Company be Considering a Private Exchange?
According to a recent survey of midsize to large employers, nearly 1 in 4 respondents said that private exchanges could provide a viable alternative for their employees as soon as 2016. In addition,...
View ArticleOSHA Issues New Recordkeeping and Reporting Requirements
Effective January 1st, 2015, there are a number of new OSHA requirements that may impact your business. Here is a brief overview of some of the key rules: Employers will have to report a work-related...
View ArticleDownload: Affordable Care Act (ACA) Violations: Penalties and Excise Taxes
To help your organization meet its compliance requirements under the Affordable Care Act, we’re happy to share a new, comprehensive resource: “ACA Penalties and Excise Taxes Guidebook“. It provides...
View ArticleHealth Care Reform Pay or Play Rules: IRS Proposes Approach for Measurement...
As we look ahead to 2015, the employer shared responsibility rules under the Affordable Care Act will have a greater impact on large employers. In regards to the requirement faced by employers to offer...
View ArticleInfographic: PPACA Compliance and IRS Reporting Requirements
The folks at Paylocity have released an infographic to help companies better understand their potential compliance requirements under Health Care Reform. The infographic focuses on key IRS rules...
View Article401(k) Contribution Limits Raised for 2015
For companies that are striving to provide benefit plans and encouragement to help their employees save for retirement, a recent announcement from the IRS may be viewed as good news. For 2015, the IRS...
View ArticleCompliance Alert: Reinsurance Fee Contribution Form Due Nov. 17, 2014
Under the Affordable Care Act (ACA), health insurance issuers and self-funded group health plans are required to fund a transitional reinsurance program. This year, contributing entities must submit...
View ArticleNews for Self-Funded Employers: HPID Requirement Delayed
On Oct. 31, 2014, the Centers for Medicare & Medicaid Services (CMS) announced that enforcement of the Health Plan Identifier (HPID) requirement is delayed until further notice. The initial...
View ArticleIRS Closes Minimum Value Loophole for Low-cost Employer Plans
Under the Affordable Care Act, minimum value of an employer-sponsored plan is significant for a number of purposes, including the “pay or play” rules or and laws governing exchange subsidies. However,...
View ArticleEmployee Benefit Plan Contribution Limits for 2015
With 2015 quickly approaching, we wanted to make sure you are aware of some contribution limit changes regarding employee benefits. Below is a brief overview that you may find helpful. If you have any...
View ArticleMassachusetts Enacts Paid Sick Leave Law
On Nov. 4, 2014, Massachusetts voters approved a ballot measure to provide earned paid sick leave to employees. The mandate is scheduled to take effect on July 1, 2015. To help you understand how this...
View ArticleHealth Care Reform News: Reinsurance Fee Deadline Extended to December 5
On November 14th, 2014, the Centers for Medicare & Medicaid Services (CMS) extended an important deadline regarding the Reinsurance Fee program, which is part of the Affordable Care Act. The...
View ArticleHealth Care Reform News: Agencies Prohibit All Employer Reimbursement of...
Due to the rising costs of health coverage, employers have shown interest in helping employees pay for individual health insurance policies instead of offering employer-sponsored plans. However, on...
View ArticleHealth Care Reform News: Agencies Further Increase the ACA’s Affordability...
On Nov. 21, 2014, the IRS and HHS released information regarding the the Affordable Care Act’s affordability contribution percentage for 2016. The affordability of health coverage is a key point in...
View ArticleHealth Care Reform: Year-End Checklist for 2015 Compliance
In 2015, a number of key reforms under the Affordable Care Act will become effective. To help your company assess what it may need to do to meet these compliance requirements, CBG Benefits is pleased...
View ArticleHIPAA Certificates No Longer Required in 2015
Under the Affordable Care Act (ACA), group health plans and issuers are prohibited from imposing pre-existing condition exclusions on any enrollees. As a result, the requirement to provide HIPAA...
View ArticleReinsurance Fee Deadline Extended to December 19th
Under the Affordable Care Act, health insurance issuers and self-funded group health plans are required to fund a transitional reinsurance program. As a first step in that program, contributing...
View Article