If your plan is designed to satisfy the 401(k)/401(m) safe harbor contribution rules, either through an ...
We previously wrote about the deadline for plan sponsors of self-insured health plans to obtain a health plan identifier (HPID). For large self-insured health plans (receipts over $5 million), the deadline to obtain the HPID was November 5, 2014. On the eve of the deadline, the Centers for Medicare and Medicaid Services ...
In order to avoid the pay or play penalties, employers must provide a plan that provides “minimum value.” A minimum value plan does not have to cover all essential health benefits, but must have an actuarial value of at least 60%. HHS issued a calculator that plan sponsors can use to determine if their plan provides minimum ...
Lyndsey Barnett
Many plan sponsors that I have spoken to would argue that there is no good news when it comes to having to pay the transitional reinsurance fees for their group health plans. As you likely already know, these fees for 2014 are $63 per covered life in your group health plan. However, the IRS did confirm one bit of good news last week. In ...