- A summary of benefits, which began in September 2012, should be received by each employee at the time of renewal, new hire or any changes in the health plan.
- The waiting period for a new hire cannot be greater than 90 days beginning January 1, 2014.
- Insurance companies cannot deny coverage due to pre-existing conditions.
- There is an exchange and subsidy notice to employees that must provide written notice of exchange and subsidies – proposed in fall 2013.
- FSA (flexible spending accounts) will be capped at $2,500.
- Employers are required to report the premium cost of the health insurance on the W-2s effective in the 2012 tax year.
As we come up to the end of the year, many groups are going to renew. Here are some matters of fact that would help you understand some federal laws […]
As I am invited to visit with small and large employers, I am a good listener. What are the ages, wants, budgets and needs of the employees? The employees make […]
CMS announced some long anticipated new rules surrounding of Short Term Limited Duration health plans. Today’s rule provides consumers with more affordable options for health coverage. They will now have […]
As you look at your investment allocations, what is happening in the marketplace and in your own personal life, one product that is extremely popular is a guaranteed, fixed annuity. […]