Beginning in 2018, Massachusetts has implemented a new Employer Medical Assistance Contribution (EMAC) Supplement fee that may impact many employers. Generally speaking, an employer may be assessed a penalty if they have any employees that are enrolled in MassHealth (excluding the premium assistance program) or the subsidized coverage plan through the Massachusetts ConnectorCare program. April [...]Continue Reading →
Archive for 'Benefits and Insurance'
On March 5, 2018, the IRS released Revenue Procedure 2018-18, which recalculates a number of cost of living increases for calendar year 2018. The main change that may impact many employers is as follows: The maximum family Health Savings Account (HSA) contribution limit for 2018 has been lowered to $6,850. This number had previously been [...]Continue Reading →
Effective July 1, 2018, a number of significant changes to the Massachusetts Equal Pay Act will start to impact employers. As a brief overview, the changes to the law primarily focus on: Requiring equal pay for comparable work: The new law defines “comparable work” as any work that requires “substantially similar skill, effort and responsibility, and is performed [...]Continue Reading →
Each year, applicable employers are required to complete an online disclosure with CMS and report whether their health plan’s prescription drug coverage is Medicare Part D creditable or non-creditable. Plan sponsors are required to report 60 days after the start of the plan year. Thus, if you renewed January 1, 2018, this year’s deadline is [...]Continue Reading →
On December 20, 2017, the U.S. District Court for the District of Columbia vacated key provisions of the EEOC’s final rules for employer-sponsored wellness plans. Primarily, these provisions allow employers to offer wellness incentives of up to 30 percent of the cost of health plan coverage. To prevent immediate disruption to employers, the court stayed [...]Continue Reading →
Starting January 1, 2018, employers in Massachusetts will be subject to the new Employer Medical Assistance Contribution (EMAC) supplement fee. This fee generally applies to employers with 6 or more employees in Massachusetts. It primarily targets employers with employees who are enrolled in MassHealth or in subsidized ConnectorCare coverage. In November 2017, proposed regulations were released. These regulations: [...]Continue Reading →