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Independence, Ohio — December 1, 2023 — The Fedeli Group, one of Ohio’s largest independent employee benefits and risk management consulting firms, has hired Marc Casciani as Chief Operating Officer. Casciani brings with him over thirty years of industry experience. He has provided extensive leadership in sales velocity, organic growth processes, and client loyalty as […]

The ACA Reporting Guide relates to the applicable tax year. It includes pertinent information on the final 2023 Forms 1094 and 1095 released by the IRS, which employers will file and furnish in 2024. Below you will find a link to a PDF version of the 2023 guide which includes advice for employers that receive penalty or […]

On November 9,2023, the Internal Revenue Service (IRS) released Revenue Procedure 2023-34, which increases the health flexible spending account (FSA) salary reduction contribution limit to $3,200 for plan years beginning in 2024, an increase of $150 from 2023.  Thus, for health FSAs with a carryover feature, the maximum carryover amount is $640 (20% of the […]

Integrity is often regarded as the cornerstone of a person’s character; it is a quality that holds a great deal of significance in all aspects of life. Integrity is often the moral compass that guides our actions, behavior, and decisions, and it is possibly one of the most important traits an individual can possess. Having […]

The IRS has released Notice 2023-70, which sets the applicable PCORI fee for plan years ending between October 1, 2023 and September 30, 2024 at $3.22 per covered life. As a reminder, the PCORI was established as part of the Affordable Care Act (ACA) to conduct research to evaluate the effectiveness of medical treatments, procedures […]

On September 27, 2023, the DOL, IRS, and HHS released FAQs About Affordable Care Act Implementation Part 61 (“FAQ Part 61”) which addresses lingering questions about enforcement of the Transparency in Coverage Final Rules (TiC Final Rules), specifically the provisions of the TiC final rules requiring plans and carriers to post machine-readable files for in-network […]

Tenth Circuit Court of Appeals Hands Down a Big Win for ERISA Preemption After several failed attempts by pharmacy benefit managers (“PBM”) to challenge state laws regulating PBMs, the 10th Circuit Court of Appeals (in Pharmaceutical Care Management Association v. Mulready) handed down a big win for PBMs and, by extension, self-funded ERISA plans, when […]

IRS Issues Affordability Percentage Adjustment for 2024 The Internal Revenue Service (IRS) has released Rev. Proc. 2023-29, which contains the inflation adjusted amounts for 2024 used to determine whether employer-sponsored coverage is “affordable” for purposes of the Affordable Care Act’s (ACA) employer shared responsibility provisions and premium tax credit program. As shown in the table […]

I believe in playing to my strengths, and building relationships is very important to me both in life, business and investing. One advantage is that it provides the ability to network. For many years, I’ve been told that I am effective at networking, which I define as the exchange of information, ideas and resources. At […]