Sullivan-benefits.com

Health Plan Enrollment Rules

WEBA health plan’s open enrollment period should take place prior to the beginning of the plan year for which employees are making their elections. Typically, open enrollment occurs …

Actived: 4 days ago

URL: https://www.sullivan-benefits.com/wp-content/uploads/Health-Plan-Enrollment-Rules-08.02.16.pdf

Impact of the ACA in U.S. Territories

WEBThe ACA also requires health insurance issuers and sponsors of self-insured health plans to pay PCORI fees to fund comparative effectiveness research. The PCORI fee applies …

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2023 Health Plan Compliance Deadlines

WEBtheir group health plans. This Compliance Overview explains compliance deadlineskey 202 for employer3 sponsored - group health plans. It also outlines group health plan notices …

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(FSAs) Health Flexible Spending Accounts

WEBA health FSA is a self-insured medical reimbursement plan sponsored by an employer for its eligible employees. Both employers and employees may contribute to a health FSA …

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Salary-based Health Insurance Premiums

WEBhealth insurance coverage must be considered affordable, meaning it does not exceed 9.5 percent of the employee’s household income for the taxable year (adjusted to 9.66 …

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Determining a Health Plan’s “Plan Year”

WEBHealth insurance issuers that offer health insurance coverage in the individual or small group market will be required to provide the essential benefits package required of plans …

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Health FSA Limit Increases for 2024

WEB•The health FSA dollar limit increases to $3,200 for plan years beginning in 2024. •Employers may impose their own dollar limit on employee salary reduction contributions …

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Lowered threshold for ACA Federal appeals court decision Act …

WEBBecause the COVID-19 public health emergency has ended, health plans are no longer required to cover COVID-19 diagnostic tests and related services without cost sharing. …

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HEALTH AND MENTAL ILLNESS THE DIFFERENCE BETWEEN …

WEBhealth issues and reduce the stigma surrounding mental illness. Mental health issues and mental illness are common. According to the National Institute of Mental Health, nearly …

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Health Plan Coverage for Same-sex Spouses

WEBorientation. The FAQ requires health insurance issuers offering non-grandfathered group or individual health insurance As of April 1, 2014, these states have employment laws that …

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Health Insurance Exchanges – Employer Coverage Tool

WEBHealth Insurance Exchanges (Exchanges), for individuals and small businesses to purchase private health insurance. ACA requires the Exchanges to become operational …

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ERISA Plans – Determining Plan Name, Number and Year

WEBEmployee welfare benefit plans (such as group health plans) are required to have their own identifying information, including a plan name, plan number and plan year. This …

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Taxability of Wellness Program Rewards

WEBhealth risk assessment) are always taxable. The cash amount (or gift card value) must be included in the employee’s income and is subject to payroll taxes. Gym or health club …

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Determining COBRA Premiums for Fully Insured and Self …

WEBThe IRS provides two methods for determining COBRA premiums for self-funded health plans. The plan administrator may determine the COBRA premium based on a …

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Focus on Children’s Eye Health

WEBEye Health: ASIAN-AMERICANS Asian-Americans make up the fastest-growing minority group in the United States and, as such, represent an important focus for eye health …

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FAQs for Employers on Medical Child Support Orders

WEBThe parent(s) ordered to provide health care coverage has a change in employment; or It is not clear that the parent is complying with an existing order to provide coverage. The …

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ERISA Compliance FAQs: Fiduciary Responsibilities

WEBGroup health plans can be structured in a variety of ways. The structure of the plan will affect who has fiduciary responsibilities. Most employers sponsoring self -funded group …

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Health Savings Account (HSA) Contribution Limits for Spouses

WEBfamily coverage under a high deductible health plan (HDHP). Individuals who are age 55 or older by the end of the tax year are permitted to make an additionalSullivan$1,000 HSA …

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Nondiscrimination Tests for Cafeteria Plans

WEBFor plan years beginning on or after Jan. 1, 2014, the Affordable Care Act (ACA) prohibits group health plans from applying any waiting period that exceeds 90 days. This ACA …

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Health Plans Must Submit Gag Clause Attestations by Dec. 31, …

WEBThese FAQs require health plans and health insurance issuers to submit their first attestation of compliance with the CAA’s prohibition of gag clauses by Dec. 31, 2023. …

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