The past year has seen a number of new state and local laws covering a range of benefits-related areas. However, this legislative and regulatory patchwork has a downside for employers, who may find it increasingly difficult to deal with complying with the requirements of multiple jurisdictions.
PlanSource and Vanner Insurance Agency can bridge the gap between insurers and consumers with our custom storefront that stocks carefully selected products from leading insurance carriers and an easy-to-use benefits administration experience. This video takes a deep dive into Vanner's benefits administration and ACA platform has to offer you. Vanner Exchange Demo Video [...]
Question: What do employers and James Bond Have in common? Answer: Both have to combat Spectre. However, the problem for employers is that in addition to fighting the new Spectre computer bug, employers must also combat the Meltdown computer bug. And, employers must do so in a way that complies with HIPAA. This blog will [...]
The Department of Labor has announced a delay, until April 1, 2018, for revised regulations changing the claims procedures governing disability benefits. These regulations have caused some confusion, as employers try to understand the impact of these rules. This note will try to shed some light on the issue. Timing The delay does not [...]
On Jan. 5, 2018, the Department of Labor (DOL) published a proposed rule that would give small businesses and sole proprietors more freedom to join together as a single group to purchase health insurance in the large group market or to self-insure. These benefit arrangements are called association health plans (AHPs). The proposed rule would [...]
This years flu virus has ranked the most severe than recent years. Though the common cold and seasonal influenza share several symptoms, there are points of differentiation that will help you identify which you may have in order to seek proper treatment. The importance of noticing the difference is life or death - The flu can [...]
A new proposed regulation opens the way to expand association health plans (AHPs). AHPs are plans sponsored by a group of unrelated employers, linked by factors such as a common industry or geography. These AHP plans will be allowed to offer reduced benefits in order to lower the cost of coverage. The stated goal of the proposed regulation is to make it easier for small employers to buy lower cost health insurance.
ERISA requires a plan to provide participants with certain documents including Summary Plan Descriptions (“SPD”), Summary of Material Modification (“SMM”) and Notice of Privacy Practices (“NPP”). This white paper has been developed to provide guidance on distribution of this material. It is important to note that Vanner cannot be relied upon to provide legal [...]
The deadline for furnishing individual statements under Sections 6055 and 6056 for 2017 has been extended for 30 days. Good-faith transition relief from penalties has also been extended for 2017 reporting. The due date for filing returns with the IRS for 2017 is not affected.
In addition to the opportunities for policymakers to actually reduce rather than merely shift health care costs noted in Don’t Confuse Cost Shifting with Cost Savings (such as bundled payments for certain episodes of care and value-based payments for prescription drugs), there is a larger trend that also promises to reduce health care costs. However, be forewarned – [...]