by BMC | Sep 28, 2018 | Uncategorized
Under the Affordable Care Act, carriers are required to spend 80 cents of every premium dollar to pay claims, clinical services and activities that improve the quality of health care for members. This percentage is known as the minimum Medical Loss Ratio. If a health...
by BMC | Jun 29, 2018 | Uncategorized
The Department of Labor published a final rule on June 21, 2018 creating flexibilities for employers to band together to sponsor a single Association Health Plan (AHP) The final rule allows multiple employers to jointly sponsor a single group health plan by expanding...
by BMC | Jun 19, 2018 | Uncategorized
The PCOR filing deadline is July 31, 2018 for all self-funded medical plans and HRAs for plan years ending in 2017. The plan years and associated amounts are as follows: Plan Year Amount of PCOR Fee Payment and Filing Date February 1, 2016 – January 31, 2017...
by BMC | Mar 9, 2017 | Uncategorized
On March 6, 2017, the House Ways and Means Committee and the House Energy and Commerce Committee (the “Committees”) released legislation as part of House Republicans’ effort to repeal and replace the Affordable Care Act (“ACA”) through a budget process known as...
by BMC | Jan 17, 2017 | Uncategorized
With the impending inauguration, recent actions by the Senate and some confusing media reports, this provides a short Q&A t help you understand current events and what to expect as we head down the health care reform road in 2017. What’s the latest news?...
by BMC | Oct 20, 2016 | Uncategorized
Independence Blue Cross has issued two updates, both related to Medicare Secondary Payer. In one, they acknowledge that clients with fewer than 100 employees recently received letters about Medicare Secondary Payer with incorrect customer names. If you have received...
