MJ Insight

Explore MJ Insight, where we cover trending topics, provide industry insights, and keep you up-to-date on the latest compliance regulations.

Benefits+
Benefits+ | Compliance

Increased Civil Penalty Amounts for SBC, MSP, HIPAA Violations

On Aug. 8, 2024, the U.S. Department of Health and Human Services (HHS) published a final rule increasing key penalties affecting group health plans. HHS adjusts these penalty amounts for inflation each year to improve their effectiveness and maintain their (…)

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Benefits+
PUBLISHED February 9th, 2024

State Laws Restricting COVID-19 Vaccine Passports and Mandates

Ann Poland

Since COVID-19 vaccines first became available, several states have enacted laws that restrict or ban certain entities from mandating them or requiring proof that …

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Benefits+
PUBLISHED January 12th, 2024

ACA Reporting Deadlines and Penalties Cheat Sheet

Ann Poland

Employers subject to Affordable Care Act (ACA) reporting under Internal Revenue Code Sections 6055 or 6056 should prepare to comply with reporting deadlines in …

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Benefits+
PUBLISHED January 11th, 2024

Medicare Part D Creditable Coverage Disclosure to CMS

Ann Poland

Background Each year, plan sponsors must disclose to the Centers for Medicare and Medicaid Services (CMS) the group health plan’s creditable coverage status for …

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Benefits+
PUBLISHED December 29th, 2023

UPCOMING ACA REPORTING DEADLINES

Ann Poland

Employers subject to Affordable Care Act (ACA) reporting under Internal Revenue Code Sections 6055 or 6056 should prepare to comply with reporting deadlines in …

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Compliance
PUBLISHED December 5th, 2023

2024 HEALTH PLAN COMPLIANCE DEADLINES

Ann Poland

Employers must comply with numerous reporting and disclosure requirements throughout the year in connection with their group health plans. This Compliance Overview explains key …

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Benefits+
PUBLISHED December 1st, 2023

ACA REPORTING: MOST EMPLOYERS MUST FILE ELECTRONICALLY BEGINNING IN 2024

Ann Poland

The Affordable Care Act (ACA) created reporting requirements under Internal Revenue Code (Code) Sections 6055 and 6056. Under these rules, certain employers must provide …

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Benefits+
PUBLISHED November 9th, 2023

2024 HEALTH FSA & QUALIFIED TRANSPORTATION LIMITS

Ann Poland

NOVEMBER 2023 In Revenue Procedure 2023-24, the IRS sets forth a variety of 2024 adjusted tax limits. Among other things, the notice indicates that …

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Benefits+
PUBLISHED November 3rd, 2023

PCORI FEE AMOUNT ADJUSTED FOR 2024

Ann Poland

The Internal Revenue Service (IRS) has issued Notice 2023-70 to increase the Patient-Centered Outcomes Research Institute (PCORI) fee amount for plan years ending on …

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Benefits+
PUBLISHED October 20th, 2023

FINAL FORMS AND INSTRUCTIONS FOR 2023 ACA REPORTING RELEASED

Ann Poland

The IRS has released final 2023 forms and instructions for reporting under Internal Revenue Code Sections 6055 and 6056: Draft versions of these forms …

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Benefits+
PUBLISHED October 6th, 2023

HEALTH SAVINGS ACCOUNTS (HSAS) – WHO IS ELIGIBLE?

Ann Poland

Only eligible individuals can establish HSAs and make contributions (or have them made on their behalf). An individual’s eligibility for HSA contributions is typically …

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Benefits+
PUBLISHED August 25th, 2023

PAY OR PLAY AFFORDABILITY PERCENTAGE WILL DECREASE FOR 2024

Ann Poland

On Aug. 23, 2023, the IRS issued Revenue Procedure 2023-29 to index the contribution percentage in 2024 for determining the affordability of an employer’s …

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Benefits+
PUBLISHED August 11th, 2023

HOW EMPLOYERS SHOULD HANDLE MLR REBATES

Ann Poland

The Affordable Care Act (ACA) established medical loss ratio (MLR) rules to help control health care coverage costs and ensure that enrollees receive value …

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