Monthly Archives: September 2013

The Looming Marketplace Notices

September 25th, 2013

With less than a month until October 1, many employers are facing a healthcare deadline that imposes an overwhelming paperwork burden: Marketplace Notices. According the Department of Labor, “the notice must be provided in writing in a manner calculated to be understood by the average employee.” The written notice must: Inform employees of the existence...

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COBRA Has Not Been Eliminated

September 25th, 2013

From the desk of Fritz Teutsch, President of BASIC. COBRA has not been eliminated under Healthcare Reform. All the same rules and regulations continue for health plans including those for vision and dental. On May 8, 2013 the Department of Labor (DOL) issued a revised model notice which added additional language to the qualifying event...

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FAQ Implementation of Affordable Care Act

September 9th, 2013

Set out below are additional Frequently Asked Questions (FAQs) regarding implementation of various provisions of the Affordable Care Act. These FAQs have been prepared jointly by the Departments of Labor, Health and Human Services (HHS), and the Treasury (collectively, the Departments). Like previously issued FAQs (available at http://www.dol.gov/ebsa/healthreform/ and http://www.cms.gov/cciio/resources/fact-sheets-and-faqs/index.html), these FAQs answer questions from...

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Introducing BASIC Compliance: Meet your Compliance Team

September 4th, 2013

Compliance – it’s not a new concept, but with the evolving complexities of health care reform and human resources as a whole, remaining compliant has never been more important for your business. Safeguarding our clients from costly fees/penalties and time-consuming litigation has been our top priority for the past twenty-four years. Now as October 1,...

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Employers Cannot Ignore other ACA Provisions

September 4th, 2013

Except taken from Article by Ilyse W. Schuman and Steven J. Friedman Even with the delay in the employer mandate and reporting requirements, employers cannot ignore other provisions of the ACA that have become effective already or will become effective in 2014. These include the following: 90-Day Waiting Periods Limit : Effective for plan years...

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