HR PEO Blog

Healthcare

A recent bill has been introduced in the House and Senate that simplifies reporting requirements under the ACA. The Commonsense Reporting Act of 2017 (H.R. 3919 and S. 1908) attempts to ease the reporting requirements of employers in three areas: reporting information before open enrollment, minimize administrative reporting at year end, and reduce the submission of unnecessary information. In addition to bi-partisan support, both bills are getting support from the Society for Human Resource Management (SHRM). SHRM’s vice president for government affairs, Mike Aiken, has said “H.R. 3919 and S. 1908 is a first step to minimize the challenges associated with the law’s reporting requirements”.

Current reporting requirements of the ACA require employers to collect and report information to the Internal Revenue Service (IRS) and their employees annually. Information required ranges from health insurance plan coverage, individual and beneficiary information (including social security numbers), enrollments, premium amounts, etc. The required information is intended to verify compliance with the ACA for employers and individuals, and help validate subsidies provided to individuals.

The 21st Century Cures Act, that was signed late last year and took effect on January 1st, 2017, has a provision included that reinstates using “stand-alone” Health Reimbursement Arrangements (HRAs), allowing small employers to fund employees individual purchased health coverage. “Stand-alone” HRAs are HRAs created that are not part of or attached to any employer sponsored health insurance offering. This is great news for small employers that are looking for ways to help their employees with the cost of health coverage but are not able to purchase a group health plan.

Wednesday, 16 December 2015 08:30

Has Employer Health Insurance Coverage Sky-Rocketed?

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Are you concerned about sky-rocketing health insurance costs? A new poll reveals some findings that may quell your fears.

 

Thursday, 13 November 2008 17:00

Medicare D Notification

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Medicare D Credibility

Medicare Part D notice have been sent out to all employees participating in a medical plan administered by StaffScapes.  Notices are required to be sent out by November 15th, 2008.  After determining Credible or NonCredible coverage notices are required to be sent to participants of the medical plan. 

For more information on Benefits Administration or Medicare D notices please contact the Benefits’ Department at StaffScapes, 303.466.7864.  StaffScapes can help with all your benefits needs and administration, we look forward to assisting you today.

CMS -Centers for Medicare & Medicaid Services

Tuesday, 11 December 2007 17:00

Exempla Healthcare

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Exempla Healthcare has launched a new website that makes medical information more available.

The website offers information on preventive care; has a medical library of 4,000 articles and 1,500 medical topics in English and Spanish; lists classes, workshops and special events; offers video tours of Exempla facilities; and provides a directory of physicians.

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