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Health Care Costs and Your Employee Health Plan

WebMoving from fixed-dollar copayments to a coinsurance model (employee pays a percentage of costs for each health care service) Increasing deductibles and out-of …

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URL: https://imacorp.com/benefits/benefits-trends/health-care-costs-and-your-employee-health-plan/

HHS Notice Regarding Gender Affirming Care

WebOn Wednesday, March 2, 2022, the Secretary of Health and Human Services (HHS) announced a notice affirming rights and protections for gender affirming care. From a …

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Using Your Carrier Wellness Funds

WebA wellness fund (sometimes called a health engagement or health improvement fund) is an amount of money provided by your medical insurance carrier that can be used to assist …

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Health Insurance Marketplace Coverage Model Notice: Updated

WebThe marketplace exchange notice must be provided within 14 days of hire (there is no annual requirement). The exchange notice describes the availability of public …

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Preventive Care Service Updates for 2023 Plans

WebWomen’s Preventive Care Updates December 30, 2021 to be Effective Plan Years Beginning On/After December 30, 2022. The Health Resources & Services …

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FFCRA Paid Leave Update

WebThe DOL—the agency responsible for administering the FFCRA’s paid leave provisions—issued a Final Rule on April 6, 2020, providing guidance to employers on …

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CA Fully Insured Health Plans Must Cover OTC Contraception …

WebAs of July 13, 2023, the FDA approved the first OTC daily oral contraceptive pill and the drugmaker has indicated it will be available OTC starting in first quarter of …

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Prescription Drug Data Collection (RxDC) Reporting: Round 3

WebAs part of the Consolidated Appropriations Act, 2021 (), all insurance companies and self-funded health plans (except HRAs, ICHRAs and excepted benefits) …

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FAQs Regarding Colorado’s Public Health Emergency Leave …

WebThe Colorado Department of Labor and Employment (CDLE) recently issued new regulations on December 23, 2020, just one holiday week before the Healthy …

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Interim Final Rule on Mandatory Rx and Health Cost Reporting

WebOn November 17, 2021, federal regulators announced an interim final rule with request for comments detailing the CAA‘s Title II Transparency Section 204 prescription drug and …

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2024 Health FSA & Qualified Transportation Limits

WebThe limit on annual employee contributions toward health FSAs for 2024 is $3,200 (increased from $3,050 in 2023), with the ability to carryover up to $640 …

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Colorado Passes Law Creating State-Regulated Health Plan Option

WebOn June 16, 2021, Colorado Governor Jared Polis signed into law House Bill 21-1232, also known as the “Colorado Standardized Health Benefit Plan Act.”The law requires …

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How Reference-Based Pricing Can Help Bring Transparency and

WebDOWNLOAD PDF. Written by: Robert Mitchell | Producer. Reference-based pricing (RBP) is a pricing strategy gaining popularity in the healthcare and insurance …

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Tax Treatment of Certain Wellness Arrangements

WebThe IRS recently released Memorandum Number 202323006 (“the Memo”) which addresses the tax treatment of arrangements that claim to offer significant tax …

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IRS Clarifies FSA Options and Offers Additional Flexibilities

WebIRS Clarifies FSA Options and Offers Additional Flexibilities. The Taxpayer Certainty and Disaster Tax Relief Act of 2020, recently enacted as Division EE of the …

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Mental Health Parity – Agency Guidance & Enforcement

WebOn July 25, the Departments of Labor, Health and Human Services, and the Treasury issued several mental health parity-related documents, including a set of …

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IRS Indexes 2023 FSA, Commuter, HCE, Key, and Other Limits

WebThe limit on annual employee contributions toward health FSAs for 2023 is $3,050, with the ability to carryover up to $610 to the following FSA plan year that begins …

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FAQ 55 Clarifies Employers Do Not Need to Post MRFs

WebAugust 29, 2022. On August 19, federal regulators released frequently asked questions (FAQs) part 55 . One of those Q&As clarifies the employer’s responsibility regarding the …

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NYDFS Regulations

Webnew york state department of financial services . third amendment to 11 nycrr 185 (insurance regulation 27-a) credit life insurance and credit accident and health insurance

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