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, 2017, this year’s deadline is [...]Continue Reading →
Archive for 'Benefits and Insurance'
Each year, the Kaiser Family Foundation and the Health Research & Educational Trust (HRET) conduct a survey to examine employer-sponsored health benefit trends. We are pleased to announced that a detailed summary exploring the results of this survey is now available for all clients of CBG Benefits to download. Existing clients may login to the CBGconnect [...]Continue Reading →
Is your company looking for new ways to promote its employee benefits package during the recruitment process? If so, you may find a number of the tips in this new article from eBix helpful. Entitled “5 Tips for Communicating Your Benefits Package When You Make a Job Offer“, this article includes quotes from Chris Costello, [...]Continue Reading →
On December 16, 2016, the Department of Health and Human Services (HHS) released its final Notice of Benefit and Payment Parameters for 2018. This rule describes benefit and payment parameters under the Affordable Care Act (ACA), applicable for the 2018 benefit year. This includes details regarding the annual limitations on cost-sharing. The ACA requires the [...]Continue Reading →
For 2017, Massachusetts has issued a Technical Information Release regarding the personal income tax exclusion amounts for employer-provided parking, transit pass, and commuter highway vehicle benefits allowed to employees. The Massachusetts monthly exclusion amounts for taxable years beginning in 2017 are: $255 for employer-provided parking $135 for combined transit pass and commuter highway vehicle transportation [...]Continue Reading →
On November 14th, 2016, an updated version of Form I-9: Employment Eligibility Verification (I-9 Form) was released. Employers will be allowed to continue using the current form (which was most recently revised in 2013) until January 21, 2017. Employers are thus expected to use the revised form exclusively by January 22, 2017. Form Changes and [...]Continue Reading →
Employers that are subject to the Americans with Disabilities Act (ADA) — generally those with 15 or more employees — that offer a wellness program that collects employee health information are reminded that they must provide a new notice to employees as of the first day of the plan year that begins on or after [...]Continue Reading →