The Rap on Wrap Policies:
Are You Compliant?
Articles
Qualified Small Employer Health Reimbursement Arrangement
Monday, January 30, 2017
The 21st Century Cures Act (“Act”), passed and signed into law in December, includes a provision creating what is called a “Qualified Small Employer Health Reimbursement Arrangement” (“QSEHRA”). A QSEHRA allows small employers who do not offer group health insurance to their employees to provide money to employees on a tax-free basis; the money can be used to pay for individual health insurance policies and to reimburse employees for certain medical expenses.
What Can You Do To Manage Opioid Dependence In Your Workforce?
Wednesday, January 25, 2017
Prescription painkillers are everywhere, literally. According to IMS Health, in the United States alone, 249 million opioid prescriptions were written in 2015. For reasons that are unclear, it appears to be a societal issue; Americans consume 80% of the world’s opiate-based prescriptions.
Trump Issues Executive Order Regarding the ACA
Monday, January 23, 2017
On his first day in office, President Trump issued an executive order instructing regulatory agencies with authority over the Affordable Care Act (ACA) to take any action possible “to the maximum extent permitted by law…to waive, defer, grant exemptions from, or delay the implementation of…[the ACA].” The order itself does not actually change any current […]
The Rap on Wrap Policies:
An Owner/Developer Perspective
Tuesday, December 13, 2016
With construction booming across the entire Puget Sound Region, Owner Controlled Insurance Programs (OCIP) have become a popular strategy to insure a project’s onsite assets. But these programs can vary in effectiveness based on a large number of factors, and may not always be the most appropriate coverage for a specific project.
IRS Extends Deadline for Providing 2016 Form 1095s
Monday, November 21, 2016
The IRS has issued Notice 2016-70 delaying the due date for employers and insurers to provide the 2016 Forms 1095-C and 1095-B to employees and plan participants. The notice extends the deadline 30 days from January 31, 2017, to March 2, 2017. Note that the deadline for filing the required forms with the IRS was […]
The Impact of the Election on Employer Sponsored Health Benefits
Friday, November 18, 2016
The results of the 2016 election will obviously have a significant impact on employer-sponsored benefits. In the short time since the election, much has already been written about how the governmental shift could affect a wide range of public policies.
Product Liability, Product Withdrawal, and Product Recall Insurance – Which Do I Have and What Does it Mean?
Friday, October 28, 2016
Product liability insurance is designed to cover the costs associated with bodily injury and property damage caused by your product. For example, say you manufacture pellet stoves and your stove does not properly function, burns down a customer’s house, and injures a customer.
IRS Announces 2017 Health FSA Limits
Friday, October 28, 2016
In Revenue Procedure 2016-55, released last week, the IRS set forth a variety of 2017 adjusted tax limits. Among other things, the notice addresses slightly increased limits for health flexible spending accounts (FSAs). Health Flexible Spending Account (FSA) – 2017 Annual Limitation of $2,600 Health care reform imposed a $2,500 limit on annual salary reduction […]
Employer Reporting – 2016 FINAL Forms and Instructions
Wednesday, October 26, 2016
The IRS has released the 2016 final forms and instructions for the ACA employer reporting requirement. The final forms are almost identical to the draft forms released in August, with only minor clarifying language in the instructions. While final forms and instructions have been released for both the “B” and the “C” forms, this summary […]
Retaining Employees In A Competitive Market
Tuesday, October 18, 2016
In today’s market, retaining talent requires more than offering a high salary. Considering that losing a high-value employee can cost an organization more than twice the cost of the employee’s salary, companies are using creative strategies to hold onto the best and the brightest.
Are You Compliant?
Another Deadline Approaching Responsibilities Under Section 1557 of the Affordable Care Act (ACA)
Friday, October 7, 2016
For the last several months, individuals responsible for healthcare compliance have been receiving information about the new rules under the ACA. At this point, most organizations should be or are on the way to modifying their practices to comply.
Telemedicine Poised For Exponential Growth
Tuesday, September 27, 2016
Telemedicine is a fast growing part of the healthcare industry, with services such as diagnosis, prescription refills, and physician consultations now available to patients remotely. Many Puget Sound providers are on the cutting edge of telehealth, with more following close behind.
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