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Five tools every insurance agent should have

PeopleKeep

With thousands of Americans looking to agents and brokers for help navigating the confusing world of health insurance, qualified insurance agents are in high demand in the U.S.

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June HR Update

Higginbotham

P CORI Fees Due July 31, 2023 The Affordable Care Act (ACA) requires health insurance issuers and self-insured plan sponsors to pay Patient-Centered Outcomes Research Institute fees (PCORI fees). As a result, these fees will continue to apply for the 2020-2029 fiscal years. February 2022 July 31, 2023 $2.79

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June HR News Worth Review

Higginbotham

As we have been discussing since last year through multiple webinars and compliance updates, the Transparency in Coverage Final Rules (TiC Final Rules) require group health plans and health insurance issuers to disclose on a public website detailed pricing information in three separate machine-readable files (MRFs).

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September HR News Worth Review

Higginbotham

CMS has provided model disclosure notices for employers to use. To make the process easier, employers often include Medicare Part D notices in open enrollment materials sent out annually. The negotiations will take effect in 2026 for 10 drugs covered by Medicare, increasing to 20 drugs in 2029.

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Reminder: PCORI Fees Last Installment Due this July*

AssuredPartners

excise tax on medial devices, the HIT (Health Insurance Tax). But, it also extended PCORI/CERF for another decade—now expected to sunset 2029. "},{"attributes":{"color":"#ff0000","bold":true},"insert":"However, as of June 1, 2020, the IRS has yet to set the rate for 1/1 plans ending 12/31/2019.

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2019 Year End Round Up: ACA Changes – The Good, the Bad and the Ugly

AssuredPartners

{"ops":[{"insert":"On December 20, 2019, President Trump signed into law the "},{"attributes":{"link":"[link] Further Consolidated Appropriations Act"},{"insert":"—spending legislation which also included important changes for employer-sponsored health plans, repealing several taxes enacted as part of the Affordable Care Act (ACA) and extending one.

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2020 PCORI Fee Reminder

AssuredPartners

Insurers and Employers (with HRAs or any other self-funded plans) will continue to be responsible for PCORI fees until 2029 or 2030 depending upon the end date of their plan year.nFrom an applicability standpoint not much has changed—and, fully-insured health plans are reminded that they are still not responsible for paying PCORI.