News
BMC Blog
Stay up-to-date with our most recent news and updates.
March 2011 Updates: HRA Regulations, Healthcare Reform & Consumer Tips
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....
Non Discrimination Provisions
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...
FSA Submissions, No Copay Preventive Services & HIPAA
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...
August 2010 Update: Change in Health Care Spending Accounts for 2011
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...
August 2010 Update: Health Care Reform
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...
April 2010 Update: Small Business Tax Credit
You may qualify for a tax credit made available under the recently passed Patient Protection and Affordable Care Act for eligible small employers who provide health care coverage to their employees, effective with tax years beginning in 2010. Starting the week of...
January 2010 Update: COBRA Subsidy Extension Passed
Late last month the Senate passed legislation which included provisions to extend the COBRA subsidy in two ways: The duration of the subsidy has been increased from 9 to 15 months; and Individuals who are involuntarily terminated on or before February 28, 2010 are...
June 2009 Update: $4 Generic Drugs
Did you know that you could fill your generic RX for as little as $4? If you need to have a prescription filled for a generic drug, you may be able to obtain it for $4 (less than the generic co-payment under your prescription drug card that accompanies your health...
June 2009 Update: Health Insurance Coverage for Adult Children
Act 4 of 2009 (Senate Bill 189) was signed into law by Governor Rendell on June 10, 2009. This will expand health insurance coverage for children of insured parents up to age 30, under certain conditions, allowing them to remain covered by their parents’ health...
June 2009 Update: Pennsylvania Mini COBRA
On June 3, 2009, the Pennsylvania Senate passed a “mini-COBRA” bill for employees of small employers in Pennsylvania to provide for continued health insurance similar to the federal COBRA law. The bill is on Governor Rendell’s desk for signature and is scheduled to...
Ready to Make a Change?
Where other brokers sell you a policy and then leave all the administrative duties to you, we step right in and perform them for you. One of our representatives would be happy to meet with you to review and discuss your insurance and administrative goals!