Archive for October, 2014

The Story Behind Minimal Changes in Plan Designs and Premium Rates | NY Benefits Broker

October 31st, 2014   |   by admin   |   in Industry News, PPACA

By Carol Taylor, Employee Benefit Advisor D&S Agency, a UBA Partner Firm The United Benefit Advisors (UBA) annual Health Plan Survey for 2014, which contains validated data on 16,467 plans for 9,950 employers, shows minor average change for plans in the last year. The survey contains information on plans that renewed predominantly between June 2013 […]

How Wellness Programs Affect Affordability and Minimum Value Calculations | New York Employee Benefits

October 27th, 2014   |   by admin   |   in PPACA, Wellness

By Linda Rowings We field a lot of questions from employers about wellness programs and how they comply with PPACA.  Here are two of the most common ones from UBA’™s “Frequently Asked Questions (FAQ) About Wellness Programs’™ Legal Requirements”: Q:  How does a wellness program affect affordability calculations? A:  The proposed regulations provide that when […]

Transitional Reinsurance Fee Filing Date Extended to December 5 | New York Employee Benefits

October 24th, 2014   |   by admin   |   in Enrollment

Posted by Linda Rowings The Centers for Medicare and Medicaid Services (CMS) extended the deadline for group health plans to provide their 2014 transitional reinsurance fee (TRF) submission. Filing is now due by 11:59 p.m. on December 5, 2014. The January 15, 2015, and November 15, 2015, deadlines to pay the fee remain the same. […]

Deadline Approaching for Larger Self-Funded Health Plans To Obtain a Health Plan Identifier Number | New York Benefits Broker

October 24th, 2014   |   by admin   |   in Industry News

Posted by Linda Rowings To meet federal requirements, large health plans must obtain a national health plan identifier number (HPID) by November 5, 2014. For this requirement, a large health plan is one with more than $5 million in annual receipts. The Department of Health and Human Services (HHS) has said that since health plans […]

Calming the Ebola Fear | NY Benefits Broker

October 20th, 2014   |   by admin   |   in Wellness

By Suzanne Fahl, SPHR As awareness of Ebola virus disease (EVD) in our world and specifically now in the United States rises, so does the rise of fear: Fear of how to prevent EVD exposure and how to manage any occurrence in the workplace. When we consider other communicable diseases — H1N1, HIV, hepatitis, and […]

Determining If Dental and Vision Plans Are ‘Excepted Benefits’ | NY Employee Benefits

October 17th, 2014   |   by admin   |   in Industry News

By Linda Rowings Chief Compliance Officer, UBA The U.S. Department of Health and Human Services (HHS), the Internal Revenue Service (IRS), and the Department of Labor (DOL) released final regulations that explain when dental and vision plans and employee assistance plans (EAPs) will be considered “excepted benefits.” Excepted benefits are health benefits that are limited […]

Avon Walk for Breast Cancer | New York Employee Benefits

October 14th, 2014   |   by admin   |   in General News

October 18-19, 2014 Enjoy an extraordinary walking tour of the entire Big Apple. We’ll go up and down the island of Manhattan, through the Upper West and East Sides, Greenwich Village, SoHo, and Chinatown. You’ll see legendary Central Park, Rockefeller Center, and Radio City Music Hall, and take in stunning views of Manhattan as we […]

IRS Allows Additional Section 125 Change in Status Events | New York Benefits Broker

October 10th, 2014   |   by admin   |   in General News

by Linda Rowings On September 18, 2014, the Internal Revenue Service (IRS) issued Notice 2014-55 which allows employers to amend their Section 125 plans to recognize several new change in status events. Open Enrollment in the Health Insurance Marketplace Prior to this new notice, an opportunity to enroll in the health insurance Marketplace (or “exchange”) […]

Is it Time to Revisit [or Review?] Your PEO Arrangement? | Brio Benefits

October 6th, 2014   |   by admin   |   in General News

By Peter Freska, MPH, CEBS Benefits Advisor, The LBL Group A United Benefit Advisors Partner Firm The Patient Protection and Affordable Care Act (PPACA) is driving companies to look at many aspects of their organization more strategically. With an estimated 2.5 million people in Professional Employer Group (PEO) arrangements totaling $92 billion in annual revenue, […]

Universities Get Educated about PPACA | NY Benefits Broker

October 3rd, 2014   |   by admin   |   in General News

by Jennifer Kupper It is back to school time!  Universities and colleges across the nation have dedicated time and resources to course planning and curriculum evaluation, but have they prepared for the Patient Protection and Affordable Care Act (PPACA)?  Have they run the numbers, solved for unknown variables, and double-checked their answers? PPACA requires applicable […]