Knowledge Center
The IRS released the inflation adjustments for health savings accounts and their accompanying HSA-compatible high deductible health plans effective for calendar year 2025, and the maximum annual
The Departments finalized rules creating two new Health Reimbursement Arrangement (HRA) options available to employers beginning January 2020. Excepted benefit HRAs will be discussed in a separate
Where insurance carriers have not satisfied certain medical loss ration (“MLR”) thresholds, rebates are made available to employer. These rebates were required to be distributed by carriers to
On March 7, 2020, Governor Cuomo declared a state of emergency in the State of New York in reaction to the respiratory illness known as coronavirus disease 2019.
With the high cost of insurance today, many small business owners are confronted at one time or another of whether they should or need to offer a group benefit program for their employees. Although
On October 29, 2020, the Departments of Labor, Health and Human Services, and the Treasury finalized proposed rules regarding transparency requirements for non-grandfathered group health plan, which
The law was amended on September 29, 2021 to extend the duration of the program until April 1, 2022 or the exhaustion of $75M in program funds as determined by the Commonwealth, whichever is earlier.
On October 13, 2022, the Secretary of Health and Human Services again renewed the COVID-19 pandemic Public Health Emergency. This will once again extend the Public Health Emergency Period for an
Employers sponsoring a group health plan with prescription drug benefits are required to notify their Medicare-eligible participants and beneficiaries as to whether the drug coverage provided under
The Department of Health and Human Services recently issued a proposed rule that intends to broaden the interpretation and application of the nondiscrimination rules under Section 1557 of the
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