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The Internal Revenue Service (IRS) has released Rev. Proc. 2024-35, which contains the inflation adjusted amounts for 2025 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 below, for plan years beginning in 2025, […]

On an annual basis, the Centers for Medicare and Medicaid Services (CMS) require all employers who provide a group health plan to their employees to disclose whether the plan has creditable drug coverage under Medicare Part D. Employers must notify CMS and all Medicare-eligible participants in the health plan of the plan’s drug coverage status. […]

Ten Suggestions to More Effectively Deal with Challenges in Life and Business In life, the ability to manage stress, foster positive relationships and maintain well-being is essential for both personal and organizational success. I have identified ten suggestions that may be helpful.

Lifelong coachability is different. As a term, coachability has not officially entered the lexicon of American language. However, it should because coachability is not just teachability. It’s not just a willingness to learn.

Cyber-attacks continue at an alarming rate. At this point we do not foresee anything to curb the trend as our economy and world are relying more on technology and Artificial intelligence (AI) every day. We urge you to consider working with an IT professional to make sure your systems are up to date and protected as much as possible.

Employers that sponsor self-insured group health plans, including health reimbursement arrangements (HRAs) should keep in mind the upcoming July 31, 2024 deadline for paying fees that fund the Patient-Centered Outcomes Research Institute (PCORI) via Form 720, which was recently updated and released by the IRS.  As background, the PCORI was established as part of the […]

Leaders in business are often referred to as ‘visionaries’, and some do fall into that category following a career of growing and evolving an organization. It is important to recognize that vision is one quality that separates a leader from a manager. Often managers are considered to do things right where good leaders tend to […]

As a result of the changes to Medicare Part D under §11201 of the Inflation Reduction Act of 2022, on April 1, 2024, CMS released Final Redesign Program Instructions (“Final Program Instructions”) for the Medicare Part D prescription drug program which are effective starting in 2025.  The Final Program Instructions reflect a newly defined standard […]

On April 26, 2024, the Office of Civil Rights (OCR) at the U.S. Department of Health & Human Services (“HHS”) issued a Final Rule amending the HIPAA Privacy Rule to protect the ability of individuals to receive reproductive health care when the care is provided lawfully under the circumstances without risk of an individual’s identity […]