President Trump signed into law a nearly $1.4 trillion spending package that avoided a government shutdown and will fund the government through September 30, 2020. The year-end spending package, signed December 20, 2019, contains a number of retirement and health and welfare provisions that will be of interest to employers and other plans sponsors and [&hellip… Continue Reading »
The Internal Revenue Service (IRS) has issued an updated version of IRS Form 720 and the instructions. Self-funded group health plan sponsors and health insurers must use this form to report and pay the fee required to fund the Patient-Centered Outcomes Research Institute (PCORI) under the Affordable Care Act (ACA). The ACA established PCORI to collect and [&hellip… Continue Reading »
The U.S. Departments of Labor, Treasury, and Health and Human Services have issued additional guidance on the Affordable Care Act. The guidance primarily takes the form of a new set of frequently asked questions(FAQs). The new FAQs address a variety of subjects, including: Postponement of the March 1, 2013, effective date to begin distributing [&hellip… Continue Reading »
In regulations and other pronouncements issued toward the end of 2012, the government has provided further details on new taxes and fees introduced by the Affordable Care Act (ACA). Health plan sponsors will be particularly interested in the amounts that they will be assessed to fund various ACA programs. This guidance includes: Regulations, a fact [&hellip… Continue Reading »
The Affordable Care Act (ACA) established the Patient-Centered Outcomes Research Institute and charged it with synthesizing and disseminating comparative clinical effectiveness research findings to help patients, clinicians, purchasers, and policymakers make informed health decisions. To fund this Institute, the ACA requires health insurers and self-funded group health plan sponsors to pay a fee for each [&hellip… Continue Reading »
