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Health Insurance

The American Rescue Plan’s COBRA Subsidy: Questions Answered

Among its many other provisions, the American Rescue Plan Act (ARPA) included a subsidy for continuing health care coverage under the Consolidated Omnibus Budget Reconciliation Act of 1985 (COBRA). The ARPA subsidy covers 100% of COBRA and state mini-COBRA premiums from April 1st through September 30 of 2021, for certain individuals whose work hours were…

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Preventing Surprise Billing: What You Should Know About the New Rule

On July 1, the Biden-Harris Administration issued an interim final rule titled “Requirements Related to Surprise Billing; Part I” in an effort to address unanticipated out-of-network health coverage charges. While the rule is not yet law, it will take effect on January 1, 2022, following a comment period. Also known as an unexpected balance bill,…

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2021 ACA Reporting – Draft Forms Released

The Internal Revenue Service (IRS) has released draft versions of several 2021 forms related to reporting required by the Affordable Care Act (ACA). Here’s a brief overview: The forms apply to Internal Revenue Code Sections 6055 and 6066. Draft forms 1094-B and 1095-B will be used by providers of minimum essential coverage (MEC). Those include…

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HSA/HDHP Limits Changing for 2022

Each year the IRS is required to publish inflation-adjusted contribution limits for health savings accounts (HSAs) and high deductible health plans (HDHPs) by June 1. Revised limits for calendar year 2022 were released on May 10. Here’s a brief summary of the changes to contribution limits: For eligible individuals with self-only coverage, the HSA contribution…

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Temporary Rules for FSAs

Unlike the first coronavirus relief legislation, the CARES Act, the new bill signed into law on December 27 includes not only stimulus payments to offset the effects of the pandemic but general funding for the federal government for the coming fiscal year. Hence its name: The Consolidated Appropriations Act. In addition to the hotly debated…

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Managing Employee Stress in Difficult Times

It’s been a year like no other for all of us, and your team of employees has no doubt been feeling the stress. Besides working remotely, maybe for the first time ever, many are simultaneously trying to handle a full-time job and supervise online learning for their children, or caring for preschoolers or older relatives.…

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Making Your Day Easier with our Client Portal!

At Consolidated Insurance, our belief has always been that we best serve our clients as not just a broker, but as a partner in helping their businesses better manage their risk. To that end, we’re proud to re-introduce the HR and Compliance Client Portal (formerly MyWave Connect), a time-saving online resource that puts clients in…

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Looking Ahead: HSA and HDHP Limits for 2021

The Internal Revenue Service recently announced the inflation-adjusted limits for health savings accounts (HSAs) and high deductible health plans (HDHPs) for 2021. As always, the limits vary based on whether the coverage is self-only or a family plan. Let’s take a look: Eligible individuals with self-only HDHP coverage will be able to increase their annual…

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The Coronavirus Bill and Employee Leave

As you are no doubt aware, last week Congress passed, and President Trump signed into law, the Families First Coronavirus Response Act, a multi-trillion-dollar relief package aimed to ease the financial burdens of the COVID-19 pandemic. The Act has far-reaching implications for employers. Here are the highlights: Most importantly, the Act requires that companies with…

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Cadillac Tax Repealed and Other ACA Changes

A new spending bill signed into law on December 20, 2019 puts an official end to the so-called “Cadillac Tax,” one of the more controversial provisions of the Affordable Care Act. That same bill brings other changes as well … read on to learn how they affect your business. The Cadillac Tax, a 40 percent…

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