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CMS Publishes 2020 Benefit Payment and Parameters Final Rule | Ohio Benefits Team UBA

The Centers for Medicare and Medicaid Services (CMS) published its final rule and fact sheet for benefit payment and parameters for 2020. Although the final rule primarily affects the individual market and the Exchanges, the final rule addresses the following topics that may impact employer-sponsored group health plans: The 2020 maximum annual limitation on cost sharing is $8,150 for … Continued

CMS Disclosure Requirement for Employer Health Plans | Ohio Employee Benefit Advisors

Do you offer health coverage to your employees? Does your group health plan cover outpatient prescription drugs? If so, federal law requires you to complete an online disclosure form every year with information about your plan’s drug coverage. You have 60 days from the start of your health plan year to complete the form. For … Continued

Latest IRS ACA Round Up (Including 2018 Cost-of-Living Adjustments) | Ohio Benefit Advisors

Recently, the Internal Revenue Service (IRS) issued the instructions for Forms 1094/1095 for the 2017 tax year, announced PCORI fees for 2017-18, and announced cost-of-living adjustments for 2018. The IRS provided additional guidance on leave-based donation programs’ tax treatment and released an information letter on COBRA and Medicare. Here’s a recap of these actions for … Continued

Additional Medicare Withholding For High Earners

The Internal Revenue Service (IRS) published Final Regulations on the Additional Medicare Tax (AMT) on Nov. 29, 2013, and an updated and comprehensive FAQ on Dec. 2, 2013. Here is a summary of the few changes from the proposed requirements.

Open Enrollment Changes

While individuals who are eligible for Medicare may elect to enroll in a health marketplace plan instead, most likely will find that a Medicare option best fits their needs.

Medicare Part D Notice Due Before October 15th

This is a reminder to employers who are required to provide an annual Medicare Part D Notice to employees no later than October 14, 2013.

Regional Variations

A new study, reported in Kaiser Health News, concludes that health differences across the country explain between 75 percent and 85 percent of the cost variations in Medicare health care spending

Retiree Exchanges

60% of polled companies that offer health coverage to Medicare-eligible retirees are reconsidering the way they provide those benefits

Upper-income Seniors Face Medicare Hike

Raising Medicare premiums for upper-income seniors would create 5 new income brackets.

The Affordable Care Act Three Years Post-Enactment

Summary of ACA-related activities to date in terms of tangible benefits and policy changes.

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