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
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
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.
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
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
Maryland Male Sterilization Law – H.S.A. Issue Resolved
Earlier this year, there were major concerns that the new Maryland Contraceptive Equity Act that went into effect on January 1, 2018 mandated that insurers would cover vasectomies at no cost to their members and that this would jeopardize the ability of members to use their health savings accounts (HSAs). The rationale was that IRS End excerpt
