Navigating the Employer Vaccine Mandate’s
Currently there are two mandates requiring private employers to ensure that their employees are vaccinated for COVID-19. Under President Biden’s Executive Order 14042, Federal Contractors and Subcontractors are required to have their employees receive a COVID-19 vaccination unless they are eligible for a legal exemption (medical disability or religious exemption). Under the U.S. Department of End excerpt
Reporting Requirement Under D.C. Individual Mandate
OTR NOTICE Under new tax guidance (Notice 2019-04), D.C. residents must have minimal essential health care coverage (MEC), have a coverage exemption, or pay a tax penalty for tax years ending on or after December 31, 2019. Insurance companies, business providing insurance to their employees, and other applicable entities are required to file information returns End excerpt
Important Notice: Maryland-based employers who renewed or began health coverage 1/1/18
In 2016, Maryland passed a Contraceptive Equity Act requiring commercial health insurance plans to provide coverage for male sterilization service without a co-payment, co-insurance or deductible.
Form 1095-C or 1095-B Deadline Extended
Updated Deadlines The IRS has issued Notice 2019-63 extending the distribution deadline of Form 1095-B (Health Coverage) and Form 1095-C (Employer-Provided Health Insurance Offer and Coverage) to employees from January 31, 2020 to March 2, 2020. It is important to note that the deadlines are not extended for filing Forms with the IRS. The deadlines End excerpt
WEBINAR: ACA Measurement Period & Reporting Made Easy
FosterThomas would like to provide you with up-to-date compliance information regarding ACA Measurement Periods. As a valued partner, we feel it is imperative to provide you with resources that will help you mitigate risk and stay relevant with these ever-changing requirements. This ACA Webinar was created in cooperation with our partner PrimePay. The Employer Mandate will End excerpt
Federal Contractors and Companies Requiring Vaccinations
Federal Contractors and Companies Requiring Vaccinations Recently, the Biden administration announced new measures to encourage vaccinations among Americans. Focusing primarily on increasing vaccinations at the federal level, President Biden stated that all federal government employees and on-site federal contractors are required to attest to their vaccination status. This order only applies to onsite contractors. At End excerpt
Self-Insured Strategies
Self-Funding Alternatives & Cost Containment Strategies in Maryland, Virginia, and Washington, DC. We have found that employers in all industries are struggling with the same problem, controlling health care costs! There was a time when self-funding your health care benefits was only for large companies. Those times have changed, and given the current economic environment, End excerpt
Self-Funded Health Care
Self-Funding Alternatives & Cost Containment Strategies We have found that employers in all industries are struggling with the same problem, controlling health care costs! There was a time when self-funding your health care benefits was only for large companies. Those times have changed and given the current economic environment many companies with 50 or more employees 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
HSA Update to Contraceptive Equity Act in Maryland
On 3/5/18 the IRS issued Notice 2018-12, providing transition relief on the issue of male sterilization and HSA accounts. In the notice, the IRS states that: Male Sterilization is NOT preventative care Male Sterilization must include cost sharing payments such as deductibles/co-pays HDHP Policies that mandate payments for male sterilization without cost sharing are NOT End excerpt
