August 17, 2022

401(K) CURRENT EVENTS: IRS EXTENDS DEADLINE FOR AMENDING PLANS TO COMPLY WITH SECURE & CARE ACTS

On August 3, 2022, the IRS issued Notice 2022-33 extending the deadline for amending retirement plans, including 401(k) plans, to comply with the applicable provisions of the Setting Every Community Up for Retirement Enhancement Act of 2019 (the “SECURE Act”) and the Coronavirus Aid, Relief, and Economic Security Act of 2020 (the “CARES Act”). Background… Continue Reading

August 9, 2022

Round 2: Biden to HHS: Protect Reproductive Healthcare Services

In a second Executive Order issued August 3rd, 2022, President Biden requests the Secretary of Health and Human Services (HHS) to find solutions to ease access to “reproductive healthcare services” using Medicaid and non-discrimination legislation for entities that receive federal financial assistance. In his first issued Executive Order, the President requested the Secretary of Health and… Continue Reading

August 3, 2022

IRS Lowers Affordability Threshold to 9.12%

The Internal Revenue Service (IRS) lowered the affordability threshold this week, as outlined in Revenue Procedure 2022-34. This limit is used to determine whether an individual is eligible for affordable employer-sponsored minimum essential coverage per IRS Code § 36B(c)(2)(C)(i)(II). Under the ACA’s employer shared responsibility provisions, certain employers (applicable large employers or ALEs) must either… Continue Reading

July 29, 2022

Departments to Plans: Contraceptive Care Coverage Under the ACA is Required

On July 28, 2022, the U.S. Dept. of Health and Human Servies, the Dept. of Labor (DOL), and the Dept. of Labor and Treasury, collectively, the “Departments” issued guidance (FAQ ACA Part 54) for health plans regarding contraceptive coverage. This comes on the heels of President Biden’s recent Executive Order ordering the Departments to formulate… Continue Reading

July 28, 2022

CMS Issues Civil Penalties to GA Hospitals under the TiC

The Transparency in Coverage Rule (TiC) of 2020 requires health insurance issuers and health plans to publicly disclose certain items, including in-network negotiated rates and individualized cost-sharing information. Enforcement of this rule was delayed pending conflicting regulations and to permit time for entities to prepare systems to meet the machine-readable file requirement. Read our most… Continue Reading

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