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Employer News
Plan sponsors offering prescription drug coverage must provide the annual notice of creditable or non-creditable coverage required under Medicare Part D to Medicare Part D-eligible individuals before October 15, 2018, the start date of the annual open-enrollment period for Medicare Part D.
The Affordable Care Act (ACA) generally prohibits rescission of coverage once an individual is enrolled. Under the ACA, a rescission means the cancellation or discontinuation of health-plan coverage with a retroactive effect.
The Patient-Centered Outcomes Research Institute (PCORI) fee under the Affordable Care Act is due from sponsors of applicable self-funded health plans by July 31, 2018.
The IRS has released the 2019 cost-of-living amounts (COLAs) for HSA-qualifying high-deductible health plans.
What are the differences between a medical flexible spending account (FSA) and a health savings account (HSA)? Both are tax-favored accounts that allow participants to pay for qualifying medical expenses with pretax dollars, but each is governed by different legislation with different requirements.