by BMC | Mar 5, 2011 | Updates
Health Reimbursement Arrangement Regulations Health Reimbursement Arrangements can only be processed by Responsible Reporting Entities as of October 2010. Stringent reporting requirements, with daily fines for failure to comply, went into effect as of October of 2010....
by BMC | Dec 15, 2010 | Uncategorized
Delay for Nondiscrimination Provisions Applicable to Insured Group Health Plans On December 22, 2010 , the IRS issued Notice 2011-1, which essentially delays compliance with the provisions of the PPACA prohibiting fully insured group health plans from discriminating...
by BMC | Dec 5, 2010 | Uncategorized
As we arrive at the end of 2010, BMC Benefit Services is providing a brief update on some issues that will impact everyone in 2011. OTC Drugs Require a Prescription for FSA Submission in 2011 If you have an FSA, this is a reminder that you will need a prescription in...
by BMC | Aug 15, 2010 | Updates
Effective January 1, 2011, Medical FSA (Health Care Spending Account) funds may no longer be used for OTC drugs and medicines (other than insulin) without a directive from a medical provider. This means that beginning January 1, 2011, if an OTC drug or medication is...
by BMC | Aug 6, 2010 | Updates
ARRA COBRA Subsidy Update The ARRA COBRA subsidy has expired and has not been extended. Current COBRA notices should be in the pre-ARRA format. If BMC Benefit Services sends your COBRA notices, we’ve already updated our files to the pre-ARRA notices. Carrier Product...
