by BMC | Dec 24, 2013 | Uncategorized
SUCCESS with the Marketplace! I learned firsthand that many of the horror stories are true, but I have now been able to get subsidies for clients and enroll them for January 1st! I’ve been doing this for a lot of years and can’t imagine how people with no insurance...
by BMC | Nov 1, 2013 | Uncategorized
There has been a major modification to the “use it or lose it” rule, which required any leftover balance in an FSA to be forfeited at the end of the plan year. Effective in plan year 2014, employers that offer FSAs will HAVE THE OPTION of allowing participants to roll...
by BMC | Oct 15, 2013 | Uncategorized
The Federally-Mandated Marketplace for individual coverage and Small Business Health Option Program (SHOP) for group coverage officially opened on October 1st for January enrollments. The earliest effective date of any coverage under the Marketplace is January 1, 2014...
by BMC | Oct 2, 2013 | Uncategorized
As a reminder, it is that time of year for you to distribute information to anyone on your group who is eligible for Medicare that your prescription plan is “creditable.” Attached is the model notice. The only information that you must fill in: the space for (entity)...
by BMC | Sep 2, 2013 | Uncategorized
The Patient Protection and Affordable Care Act (PPACA) requires all employers to provide notices to current employees (and new hires) about the coming exchanges (now being called Marketplaces). As of May 2013, the Department of Labor has provided guidance indicating...
by BMC | Jul 15, 2013 | Uncategorized
This is a reminder that if you have established a Health Reimbursement Arrangement (HRA) that you utilize to fund deductibles or co-payments under your medical plan, you should check with your accountant about the Affordable Care Act mandated annual fee. The fee (only...
