Health Care Reform Updates ACA Pay or Play Penalties Increase in 2021
The Adjusted Penalty Amounts for 2021 are $2,700 and $4,060 Under the Affordable Care Act’s employer shared responsibility (pay or play) rules, applicable large employers—generally those who have 50 or more full-time employees (including full-time equivalent employees)—may be subject to a penalty if they do not offer affordable coverage that provides minimum value to their End excerpt
Potential ACA Impacts of the Tax Reform Bill
On 12/2/17 the Senate passed an amended version of the House Tax Reform Bill. The Senate bill includes a permanent repeal of the Affordable Care Act (ACA) individual mandate, beginning in 2019.
Employee Benefits Brokerage
At FosterThomas, we are an employee benefits brokerage in Maryland, Virginia, and Washington, DC, that is committed to understanding and managing your unique employee benefits while being mindful of sustainable cost management for your business. It is our mission that through our employee advisory services and extensive strategic planning and collaboration, you will begin to End excerpt
Employee Benefits Advisory Services
We are committed to understanding and managing your unique employee benefits needs while being mindful of sustainable cost management for your business. Since 1993, FosterThomas has delivered cost-effective and proactive custom employee benefits solutions. We address these through the design and delivery of the perfectly compiled benefits package that will ultimately help you to attract End excerpt
Medical Loss Ratio Rebates 2023
Medical Loss Ratio (MLR) rebate checks are currently arriving for many companies. MLR rebates are required under the Affordable Care Act (ACA) and are furnished when a health insurer does not utilize enough of the premiums they have received directly towards the cost of medical claims and activities that improve the quality of care. There End excerpt
State Legislators Are Considering Ways to Restructure Prior Medical Authorization Practices
The goal of prior authorization requirements is to decrease unnecessary health care spending. Often times, however, patients do not receive timely care due to lengthy steps required to obtain prior authorization. Patients could face life threatening conditions because doctors must wait until prior authorization is granted to provide necessary care. After examining grievances from doctors End excerpt
Government Contracting HR Services
FosterThomas is a specialist in the arena of Government Contracting HR. With hands on expertise that is continually improved upon from working successfully alongside Government and Federal Contractors, the government contract compliance consultants at FosterThomas are able to seamlessly integrate with your staff to implement cohesive workplace standards for favorable outcomes. FosterThomas provides its clients End excerpt
ACA Final Regulations – 2019 Notice of Benefit and Payment Parameters
The following information was provided by our partner Cigna On 4/9/18, the Department of Health and Human Services (HHS) issued final regulations and related guidance on Affordable Care Act (ACA) provisions including Essential Health Benefits (EHBs), out-of-pocket (OOP) maximums, and Marketplace updates and reforms. These regulations, generally effective for plans and plan years beginning on and End excerpt
