News
HHS has released its Notice of Benefit and Payment Parameters for 2017; Final Rule. The benefit and payment parameter for 2017 final rule will begin for plan years beginning on, or after, January 1, 2017. Annual Limitation on Cost Sharing: The 2017 maximum annual limitation on cost sharing is $7,150 for individual coverage and $14,300…
Read More
It’s all about taxes. According to the Affordable Care Act of 2010, requiring the purchase of a product is illegal, but mandating a tax for not purchasing that product is legal. At this point, as a business owner, insurance broker, or HR professional, you have weathered the first season of regulations that have come, but…
Read MorePersonal candid comments from SPBA Active Past President Fred Hunt Americans are starting the process of envisioning how each candidate might act as President on benefits & health issues. Therefore, this week’s e-mail is a very candid specific insider look into how the past 7 Presidents have actually functioned. Most of the time, what really…
Read MorePhyllis Merrill, CEO of MBA Benefit Administrators attended SPBA’s annual conference, held this year on March 18-20 in Washington DC. Merrill participated in a group discussion, with other leaders in the industry. Those in attendance included DOL, IRS, the Department of Health and Human Services, EEOC, and others. While most of these topics are still…
Read MoreEffective October 31, 2014, the Centers for Medicare & Medicaid Services (CMS) Office of e-Health Standards and Services (OESS), the division of the Department of Health & Human Services (HHS) that is responsible for enforcement of compliance with the Health Insurance Portability and Accountability Act of 1996 (HIPAA) standard transactions, code sets, unique identifiers and…
Read MorePCORI Fee IRS announced (Notice 2014-56) the PCORI adjusted applicable dollar amounts. For policy years and plan years ending on or after October 1, 2014 and before October 1, 2015, the adjusted applicable dollar amount is $2.08. For policy and plan years ending on or after October 1, 2015, and before October 1, 2019 the…
Read MoreMBA has been managing group health insurance for more than 30 years. In that time, medical technology, scientific research and community lifestyle trends have impacted both the onset and treatment of illnesses. Government regulations have transformed the way healthcare is managed and provided. Through all of that MBA has created innovative, systematic approach to promoting…
Read MoreIf you are a human resources professional, an insurance broker, or a business owner dealing with medical benefits, the audacious challenge of choosing and managing healthcare can seem a bit overwhelming, especially with the new ACA regulations. At MBA we have been working as a third party administrator for over thirty years, and we are…
Read MoreAre you compliant with PPACA requirements? Do you know about the recent changes, and who you need to work with to file all the mandated paperwork to? Included in this article are the top four action items that need attention, including; a detailed list of where to find the information, who to submit it to,…
Read MoreThere are new IRS forms, 6055, 6056, and an updated 1095, which are annual reporting requirements imposed by the Affordable Care Act. The intent behind these two forms is to identify who has access to minimum essential coverage (MEC), what costs the employer took responsibility for paying, and if an individual or family is eligible…
Read More