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Updates and Insights
Getting the most out of the benefits market requires insight and guidance.
ICHRA Notice Relief
Employers offering an ICHRA are typically required to provide written notice to each participant at least 90 calendar days before the beginning of each plan year. Due to Covid-19 and during the national emergency the timeframe to provide the required notice has been adjusted. Under EBSA Disaster Relief Notice 2020-01, the ICHRA notice may be furnished as soon as administratively possible under the circumstances.
ICHRAs and Quotes: What you need to know
When most of us shop for something, there are a series of questions we ask ourselves: Is this a want or need?Do I ‘need’ this right now?Where do I...
IRS Releases New Affordability Rate of 9.12% for 2023
The IRS has released a new benchmark rate of 9.12% to determine affordability of employer-sponsored health benefits (such as ICHRAs) offered in...
The Current State of Healthcare Benefits
Recently, two surveys were published with great insights into the importance of health insurance benefits: "2022 Emerging Trends in Health Care Survey" from Willis Towers Watson, Spring 2022 "2022 Health at Work: A Report from Quest Diagnostics" from Quest...
Four Key Insights on Consumerism, Technology, and the Future of Insurance Brokers
Adapted from Nexben’s Technology Showcase at the 2022 BenefitsPRO Broker Expo in Austin, TX, May 23-25. Each year the nation’s top brokers head to the BenefitsPRO Broker Expo to network with industry leaders and discover the latest tools, strategies and solutions that...
PCORI Filing Due to IRS by August 1, 2022
Sponsors of self-funded health benefit plans, including Individual Health Reimbursement Arrangements (ICHRAs), please be aware that the annual PCORI filing and fee payment are due August 1, 2022 for plans that ended in 2021. Normally, the fee is due on July 31 of the...
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