Compliance ✔- New Flexibility for ACA Grandfathered Health Plans
The Affordable Care Act (ACA) was enacted in 2010, subjecting health plans to additional coverage mandates (PHSA mandates) and exempting grandfathered plans from a handful of them. In order to benefit from the exemption, many employers maintained their grandfathered...
Compliance ✔- PCORI Fee Amount Issued for 2021
Employers who sponsor self-insured health plans with plan years ending in 2020 must file IRS Form 720 and pay the Patient-Centered Outcomes Research Institute (PCORI) fee by July 31, 2021. The IRS issued the latest adjusted fee amount of $2.66 in Notice 2020-84. The...
Compliance ✔- COVID-19 Vaccine Coverage Required
The Coronavirus Aid, Relief and Economic Security (CARES) Act requires non-grandfathered group health plans to cover qualifying COVID-19 preventive services, including COVID-19 immunizations, without cost sharing. A final rule was issued to implement this requirement...