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2022 Health Insurance Outlook, Changes

InterWest Insurance Services

As we enter 2022, there are a number of changes on the horizon that plan sponsors need to be aware of as they will affect group health plans as well as employees enrolled in those plans. Here’s a list of what to expect in 2022. That comes to an end Dec. 31, 2021, and for plan years that start on or after Jan.

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Additional Cafeteria Plan Changes in Effect January 1, 2023: IRS Notice 2022-41 and Family Coverage Affordability

AssuredPartners

IRS Notice 2022-41. On October 11, 2022, the Internal Revenue Service (IRS) issued Notice 2022-41 , which will effectively expand the existing application of the change-in-status rules allowable under a Section 125 Cafeteria Plan. August 2, 2022: ACA Affordability Rates Announced for 2023

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4 HDHP trends you don't want to miss

WEX Inc.

Typically, an employee enrolled in a PPO will have higher premiums and a lower deductible than an employee enrolled in an HDHP. For example, the 2022 PPO employee-only deductible averaged $1,322 and the 2022 HDHP annual deductible limit was $1,400 for an individual. It is not legal or tax advice.

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IRS Permanently Extends Deadlines for ACA Reports to Individuals

Proskauer's Employee Benefits & Executive Compensa

On December 15, 2022, the Internal Revenue Service (“IRS”) published final regulations that make permanent certain relief and changes relating to the Affordable Care Act (“ACA”) reporting requirements. by March 2, 2023 for the 2022 forms). The reporting entity must furnish a copy of the form within 30 days of a request.

Insurance 105
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IRS Extends ACA Affordability to Other Tiers of Coverage

Griffin Benefits

For purposes of affordability, family members only include children who are tax dependents. Unless C is still considered a tax dependent of S1 & S2, C would not be considered an eligible family member for purposes of affordability. In the final example, on the bottom row, assume C is 24 rather than 14 years of age.

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How Much “Tech” is Your Ben Admin Technology Solution Really Using?

HR Professionals Magazine

Decision Support Think your employees aren’t interested in decision support? A 2022 Harris poll found that 72% of employees said “they wish someone would tell them what the best health insurance for their unique situation is.” Think again. Be mindful that not all decision support tools are created equal.

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IRS Proposal Extending Deadlines for ACA Reports to Individuals

Proskauer's Employee Benefits & Executive Compensa

While the proposed regulations technically would become effective for coverage in calendar years beginning January 1, 2022, the IRS has indicated that reporting entities may rely on them starting with the reports due for 2021 (provided to covered individuals and employees in 2022). January 31, 2022 . March 2, 2022.