CBG Benefits

The CBG Benefits Blog

Posts Tagged 'coverage'

Annual Medicare Part D Notification Reminder: Send by October 15, 2014

Under the Medicare Part D program, employers who offer prescription drug coverage are required to provide an annual notice. It must be sent to those Medicare Part D eligible individuals who are covered by, or who apply for, prescription drug coverage under the group health plan. In addition, plan sponsors are required to provide notices [...]

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Posted in: Benefits and Insurance, Human Resources, Legislation

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DOL Updates Model COBRA Notices

Recently, the Department of Labor (DOL) released information that may impact your company’s compliance requirements regarding COBRA and the Affordable Care Act. The primary change involves making those who lose their group health insurance coverage and are eligible for COBRA aware of the Exchanges/Marketplaces that were established by the ACA. As a result, the DOL [...]

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Posted in: Benefits and Insurance, Human Resources, Legislation

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Final Rule Issued on Contraceptive Coverage and Religious Employers

Within the Affordable Care Act, requirements have been put in place to require non-grandfathered health plans to cover preventive care services for women,  including contraceptives. However, there are also special rules in place with respects to religious employers and their objections to contraception. To help you understand the special rules that have been set by [...]

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Changes to the Summary of Benefits and Coverage Document for 2014

The summary of benefits and coverage (SBC) document is designed to serve as a brief, simple explanation of what is included in a health plan. Thus, interest was certainly raised this month as a Frequently Asked Questions document was issued regarding on the SBC requirement. Would it become a complex document that increased the burden [...]

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Should Your Company Offer Pet Insurance?

As employers look for ways to attract and retain top talent among their workforce, the employee benefits package certainly plays a big role. But alongside traditional offerings, employers may want to consider another option that may pull at the heartstrings of employees and also deliver value. Yes, the option we are talking about is pet [...]

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Health Care Reform: Understanding the Impact on Variable Hour or Seasonal Employees

At our recent seminar on the topic of “Employer Responsibilities under Health Care Reform“, a number of questions were raised by employers that have a significant number of variable hour or seasonal employees. For those employers, the “Pay or Play” penalties within the Affordable Care Act certainly require a lot of attention. Calculating their total [...]

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Guidance on Fiscal Year Plans Regarding Pay or Play

Starting on January 1st, 2014, large employers will face a “pay or play” penalty if they do not offer minimum essential coverage to full-time employees and their dependents. This penalty, of course, is part of the employer shared responsibility requirements within the Affordable Care Act (ACA). We recently helped a client answer the following question regarding [...]

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Complying with the 90-day Waiting Period Limit

On March 21, 2013, a proposed rule on the 90-day waiting period limit that is set by the Affordable Care Act was issued that would apply to plan years beginning on or after Jan. 1, 2014. To help companies understand if they will be in compliance with this proposed rule, we’re happy to share clarification, examples, and a [...]

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Determining if a Health Plan Provides Minimum Value

As large employers look ahead to 2014, the “pay or play” penalties under the Affordable Care Act (ACA) certainly require attention. To avoid these penalties, companies must provide health care coverage to their full-time employees (and dependents) that is affordable and provides minimum value. In this article, we’re going to provide insight into “minimum value” [...]

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Common Ownership Rules and the Pay or Play Penalty

Starting on January 1st, 2014, large employers may face a penalty depending on the health insurance coverage that they offer. These penalties, which are part of the Affordable Care Act (ACA), may be incurred if a company does not offer minimum essential coverage to full-time employees and their dependents. Also, companies that do offer insurance [...]

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