Category Archives: Blog

• Small Businesses May Be Able to Keep Existing Non-ACA Compliant Health Coverage Through 2020

  by Staff

  April 10th, 2019 / No Comments

  Policies Renewed Under Extended Non-Enforcement Policy Must Comply by January 1, 2021

  A previously extended non-enforcement policy which allows health insurance issuers, at their option, to continue group coverage that would otherwise be terminated or cancelled has been further extended to policy years beginning on or before October 1, 2020, provided that all policies come into compliance by January 1, 2021. Health insurance issuers that renew coverage under the extended non-enforcement policy are required to provide standard notices to affected small businesses for each policy year.

  Coverage subject to the non-enforcement policy will not be considered to be out of compliance with key Affordable Care Act provisions, including:

  • The requirement to cover a core package of items and services known as essential health benefits;
  • The requirement that any variations in premiums be limited with regard to a particular plan or coverage to age, tobacco use, family size, and geography;
  • The requirements regarding guaranteed availability and renewability of coverage; and
  • The requirements relating to coverage for individuals participating in approved clinical trials.

  Click here to review the extended non-enforcement policy.

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• Court Strikes Down Association Health Plan Rule

  by Staff

  April 4th, 2019 / No Comments

  DOL Rule Called ‘End-Run’ Around Affordable Care Act

  

  A federal judge has ruled that two parts of the Department of Labor (DOL) rule expanding employers’ ability to join in association health plans (AHPs) violate ERISA. AHPs are group health plans sponsored by a group of employers. In June 2018, the DOL issued a rule allowing AHPs to offer coverage to some or all employers in a state, city, county, or multistate metro area, or to businesses in a common trade, industry, line of business, or profession in any area, including nationwide.

  The March 28 federal court opinion stated that the rule was an “end-run” around the Affordable Care Act, and that the DOL exceeded its authority when it defined “employer” in the rule to include associations of disparate employers. The court also struck down a part of the DOL rule that expanded memberships in AHPs to working owners without employees.

  The court directed the DOL to reconsider how the remaining provisions of the June 2018 rule are affected by the opinion. Further legal and regulatory developments are expected.

   

   

   

  Health Care Reform Updates provided by:

  Team Nash
  2005 E 2700 St, Suite 140, Salt Lake City, UT 84109
  385-234-6754

  Please Note: The information and materials herein are provided for general information purposes only and are not intended to constitute legal or other advice or opinions on any specific matters and are not intended to replace the advice of a qualified attorney, plan provider or other professional advisor. This information has been taken from sources which we believe to be reliable, but there is no guarantee as to its accuracy. In accordance with IRS Circular 230, this communication is not intended or written to be used, and cannot be used as or considered a ‘covered opinion’ or other written tax advice and should not be relied upon for any purpose other than its intended purpose.

  The information provided herein is intended solely for the use of our clients and members. You may not display, reproduce, copy, modify, license, sell or disseminate in any manner any information included herein, without the express permission of the Publisher. Kindly read our Terms of Use and respect our Copyright.

  Copyright © 2019 HR 360, Inc., All rights reserved.

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• Webinar: How to Recruit & Hire the Best Talent for Companies of Every Size–April 11th

  by Staff

  March 29th, 2019 / No Comments

  

  With virtually full employment, employers of every size need the best interactive tools and a step-by-step process to recruit and hire top talent.

  To register for this important webinar, simply click on the link below.

  How to Recruit and Hire the Best Talent–For Companies of Every Size
  Date: Thurday, April 11th at 1:00 ET
  Presented by: Lillian Shapiro and John Breslin

  Register here for How to Recruit and Hire the Best Talent

  This webinar will include:

  • How to develop a winning compensation package (it’s not always about the salary)
  • How to attract millennials
  • Interactive tools that simplify and effectively support the recruitment process

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• DOL Proposes Changes to Federal Overtime Pay Exemptions

  by Staff

  March 11th, 2019 / No Comments

  

  Proposal Subject to Change

  The U.S. Department of Labor (DOL) is proposing to change the minimum salary that administrative, computer, executive, professional, and “highly compensated” employees must receive in order to be exempt from overtime pay under federal law. Under the proposal:

  • The minimum salary required for an administrative, computer, executive, or professional employee to be exempt would increase from $455 to $679 per week.
  • The total annual compensation required for “highly compensated employees” to be exempt would increase from $100,000 per year (including at least $455 per week) to $147,414 per year (including at least $679 per week).
  • Employers would be able to count certain bonus and incentive payments (including commissions) toward a portion of the salary level.

  Though this proposal is still subject to change, the DOL currently anticipates changes to the salary levels to become effective in January 2020.

  To access your HR library, please visit www.HR360.com/login.

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• People Risk Management

  by Staff

  February 21st, 2019 / No Comments

  Team Nash Insurance has partnered with Think HR to help you reduce workplace risks and improve employee engagement. Check out this quick video to find out more or contact us!

  Na

  Team Nash

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• Reminder: Creditable Coverage Disclosures Due to CMS by March 1 for Calendar-Year Plans

  by Staff

  February 20th, 2019 / No Comments

  Disclosures Due Within 60 Days of Beginning of Plan Year

  

  Employers that offer prescription drug coverage to Medicare-eligible individuals via a calendar-year plan generally must complete an online disclosure to the Centers for Medicare and Medicaid Services (CMS) by March 1. This disclosure must report whether the coverage offered is “creditable,” meaning it is expected to pay, on average, as much as the standard Medicare prescription drug coverage. Employers that offer creditable coverage via a non-calendar-year plan must also comply with the disclosure requirement within 60 days of the beginning of the plan year.

  Click here to complete an online disclosure. For more information on the disclosure requirement, click here.

  To access your HR library, please visit www.HR360.com/login.

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• SPD, SBC, and Employer CHIP Notice Penalties Hiked

  by Staff

  February 7th, 2019 / No Comments

  

  The U.S. Department of Labor (DOL) has increased the penalties employers face for failing to furnish a Summary Plan Description (SPD), Summary of Benefits and Coverage (SBC), and Employer Children’s Health Insurance Program (CHIP) Notice as follows:

  • SPD: Failure to furnish an SPD to the DOL upon request may now result in a penalty of up to $156 per day (not to exceed $1,566 per request).
  • SBC: Failure to provide group health plan participants and beneficiaries with an SBC may now result in a penalty of up to $1,156 per participant or beneficiary.
  • Employer CHIP Notice: Failure to provide an Employer CHIP Notice to employees in states that offer group health plan premium assistance through a state Children’s Health Insurance Program may now result in a penalty of up to $117 per day per employee.

  Visit the Benefits Notices by Company Size section of your online HR library for information on how to comply with these notice requirements.

  To access your HR library, please visit www.HR360.com/login.

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• A Great Honor!

  by Staff

  January 16th, 2019 / No Comments

  

   

  Team Nash Insurance has been recognized for their hard work and expertise in helping consumers enroll in and manage qualified health coverage through the Health Insurance Marketplace. 

  This nationwide recognition from the Centers for Medicare & Medicaid Services (CMS) as a member of the 2019 Marketplace Circle of Champions highlights our success in enrolling 20 or more consumers during this Open Enrollment Period. 

  “Consumers turn to agents and brokers for trusted advice and guidance in selecting plans, enrolling in coverage, and managing their health insurance policies throughout the year,” said Randy Pate, Director of Center for Consumer Information & Insurance Oversight (CCIIO) operation within CMS, which oversees the Marketplace. “We thank Team Nash Insurance for their hard work and exceptional service in helping Americans get coverage.”

  The Marketplace Circle of Champions program recognizes the hard work, expertise and service of Marketplace-registered agents and brokers. Agents and brokers who assist 20 or more consumers qualify for the Marketplace Circle of Champions. 

  Eligible consumers can enroll in Marketplace coverage during this year’s Open Enrollment Period, which runs November 1 – December 15, 2018. Consumers with questions about their coverage or who would like help enrolling, can contact us at https://www.nashinsurance.com/contact/

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• Creditable Coverage Disclosures Due to CMS by March 1 for Calendar-Year Plans

  by Staff

  January 8th, 2019 / No Comments

  Employers that offer prescription drug coverage to Medicare-eligible individuals via a calendar-year plan generally must complete an online disclosure to the Centers for Medicare and Medicaid Services (CMS) by March 1.

  This disclosure must report whether the coverage offered is “creditable,” meaning it is expected to pay, on average, as much as the standard Medicare prescription drug coverage. Employers that offer creditable coverage via a non-calendar-year plan must also comply with the disclosure requirement within 60 days of the beginning of the plan year.

  Click here to complete an online disclosure. For more information on the disclosure requirement, click here. 

  To access your HR library, please visit www.HR360.com/login.

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• ACA Remains in Effect After Court Rules Law Unconstitutional

  by Staff

  December 18th, 2018 / No Comments

  ACA Remains in Effect After Court Rules Law Unconstitutional

  A federal district court in Texas has ruled the entirety of the Affordable Care Act (ACA) unconstitutional. However, the decision is expected to be swiftly appealed. In the meantime, pending further legal developments, the ACA remains in effect.

  To access your HR Library, please visit www.HR360.com/login.

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