by BMC | Feb 6, 2023 | Uncategorized
On January 30, 2023, the Biden Administration announced its intent to end the Public Health Emergency and the National Emergency related to the COVID-19 pandemic on May 11, 2023. They are currently set to expire after February 28, 2023 and on April 11, 2023,...
by BMC | Jun 2, 2022 | Uncategorized
Employers with self-funded health plans ending in 2021 should use the 2nd quarter Form 720 to file and pay the PCORfee by August 1, 2022. The information is reported in Part II.Please note that Form 720 is a tax form (not an informational return form such as Form...
by BMC | Jan 5, 2022 | Uncategorized
Happy new year! Hoping 2022 will be a wonderful year for all!The new year is the perfect time to remind everyone about updating salaries for your insurance companies. If you provide your staff with life insurance that is tied to annual earnings, if you provide (or...
by BMC | Jun 16, 2021 | Uncategorized
Employers with self-funded health plans (including HRAs) ending in 2020 should use the 2nd quarter Form 720 to file and pay the PCOR fee by August 2, 2021. The information is reported in Part II. Please note that Form 720 is a tax form (not an informaiton return form...
by BMC | Mar 29, 2021 | Uncategorized
Good afternoon the IRS has issued guidance (Announcement 2021-7) that indicates personal protective equipment (PPE) that prevents the spread of COVID-19 is eligible as a medical expense under IRC Section 213(d). The guidance confirms that PPE expenses can now be...
by BMC | Sep 15, 2020 | Uncategorized
Employers sponsoring a group health plan with prescription drug benefits are required to notify their Medicare-eligible participants as to whether the drug coverage provided under the plan is ‘creditable’ or ‘non-creditable’. Creditable means...
