2024 Affordability Percentage Date Issued
In Revenue Procedure 2023-29, the IRS has again significantly decreased the affordability percentage from 9.12% in 2023 to 8.39% for 2024. This is the firs...
Brokers as a HIPAA Business Associates – The Minimum Necessary Rule Applies!
August 2023
Background
There are many rules about appropriate use and disclosure of protected health information ...
Exactly Who Must Complete the ‘Gag Clause Attestation’ and Submit to the Departments by December 31, 2023
Overview
The Internal Revenue Service (IRS), Department of Labor (DOL), and Department o...
Amwins Connect - Question Of The Month August 2023
Question:
When a covered employee’s dependent child attains age 26, when can the Group Health Plan terminate the dependent's coverage?
Answe...
Medicare Part D Creditable Coverage Notice and Reporting Requirements
August 2023
Background
The purpose of the notice is to assist individuals in making an informed decision about whether t...
Coverage of Preventive Services Without Cost Sharing
August 2023
Background
Non-grandfathered group health plans are required to cover those items considered to be preventive under provisions...
Department of Labor Releases Updated Children's Health Insurance Program Model Notice
August 2023
The Department of Labor (DOL), through its Employee Benefits Security Administration (EBSA), has...
Compliance Issues for Short Plan Years
When there is a need to discontinue benefit offerings, or a need to adjust the benefit plan year, employers may need to run a short plan year. Short plan year...
Why do plans need wrap documents?
Wrap documents are generally used for either (or both) of the following reasons:
Supplement already-existing documentation to meet ERISA plan documentation requ...
New IRS Filing Requirement for ACA Reporting
The IRS is changing electronic filing requirements for ACA and other required reporting in 2024.
While Amwins Connect originally reported this new re...
Guide to HIPAA Business Associates and Agreements
When is a Business Associate Agreement Required?
Part of any HIPAA compliance project involves the process of reviewing existing vendor relation...