A Guide for Empowering Clients Navigating the complexities of health insurance can be overwhelming for clients. Brokers play an essential role in simplifying the process. By breaking down complex terminology, comparing plans, and explaining coverage details, brokers empower clients to make
What Are Association Health Plans (AHPs)? Association Health Plans allowed small companies and independent workers to join together and form group plans. The 2018 DOL rule loosened ERISA’s definition of "employer" to expand AHP eligibility.As a result, these plans bypassed ACA
Empowering Brokers with Smart Tools to Drive Sales and Improve Efficiency In today's fast-paced insurance market, brokers are constantly seeking innovative solutions to streamline processes, enhance customer experiences, and ultimately increase sales. One such solution gaining traction is the cutting-edge technology
The Impacts of the 2024 Short Term Medical Rule Regulations in the health insurance industry are continually evolving. The Department of Health and Human Services (HHS) announced a new ruling on March 28, 2024 regarding short term medical plans that has
Understanding the Impact of the DOL's 2024 Worker Classification Rule on Employers and Independent Contractors The U.S. Department of Labor published a new contractor classification rule on January 10, 2024.The ruling, effective March 11, 2024, replaces the previous classification rule released
Avoiding ACA A & B Tax Penalties: A 2024 Guide for Large Employers Avoiding ACA A&B tax penalties for both large employers and small employers, understanding ACA tax implications and ensuring compliance with regulations is critically important. The ACA imposes penalties
No Lifetime or Annual Limits in a health plan required to be ACA Compliant Are No Lifetime or Annual Limits Required for ACA Compliance in individual, employer or association health plans? Remaining ACA compliant is crucial for individual, employer group health
A Review of the Rules and the Potential Penalties The Internal Revenue Service (IRS) and Department of Labor (DOL) laws establish guidelines for large employer groups regarding healthcare. Employers with 50 or more full-time employees must offer affordable, minimum essential health
Mental Health Parity and Addiction Equity Act (MHPAEA) Employer or association health plans must comply with MHPAEA to ensure fair coverage for mental health and substance use disorders. This rule requires plans to offer mental health and substance use benefits equal
ACA Non-Discrimination Compliance Ensuring compliance with ACA non-discrimination rules is crucial for employers and associations to maintain ACA-compliant health plans. These rules specifically prevent discrimination in group health plans based on age, gender, or health status. Therefore, employers and associations must
