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EEOC releases updated poster

The Equal Employment Opportunity Commission (EEOC) released an updated Know Your Rights: Workplace Discrimination is Illegal poster this past week. 

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IRS increases FSA 2023 contribution limits

Flexible spending account (FSA) contributions for 2023 will rise to $3,050, an increase of $200 from the 2022 limit. The limit also applies to limited-purpose FSAs used to reimburse only dental and vision care services. If an employer plan permits carryover of unused health FSA funds, the carryover...

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Creditable/non-creditable coverage notice due by October 15

Employers have an annual obligation to issue a creditable or non-creditable coverage notice to all plan participants who are Medicare-eligible, including dependents and retirees. The notice, due by October 15, informs Medicare-eligible participants whether their prescription drug coverage is as...

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IRS lowers ACA affordability rate for 2023

The IRS recently issued Revenue Procedure 2022-34, lowering the affordability threshold for the 2023 calendar year to 9.12% of annual household income from the 2022 threshold of 9.61%. This percentage is used to determine an individual’s eligibility for a premium tax credit (PTC) through...

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Western Missouri Medical Center joins BlueSelect Plus Network

Blue Cross Blue Shield of Kansas City (Blue KC) has expanded its BlueSelect Plus network to include Western Missouri Medical Center located in Warrensburg, Mo. The addition increases the number of hospitals in the network to 13.

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Aetna announces prescription drug list changes

Effective July 1, 2022, Aetna will change theAdvanced Control-Aetna formularyfor all fully insured and self-insured groups. Changes address refill quantities and non-formulary, preferred brand and specialty drug categories.

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Blue KC prescription drug list update

Blue KC is updating their prescription drug list, as well as opening a new Spira Care location in Independence, Missouri. 

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PCORI fee deadline July 31, 2022

Self-funded plan sponsors must file the annual Patient-Centered Outcomes Research Institute (PCORI) fee by July 31. Employers may select from four calculation methods to determine how much is owed and use Form 720 to submit the information to the IRS. For clarification on how to fill out Form 720...

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IRS announces 2023 HSA limits

IRS-adjusted contribution limits for 2023 Health Savings Accounts (HSA) represent approximately a 5.5% increase over 2022 limits. Changes are effective January 1, 2023. HSAs are tax-exempt accounts that help people save money for eligible medical expenses. To qualify for an HSA, the policyholder...

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IRS to lower 2022 ACA affordability rate

The IRS recently issued Revenue Procedure 2021-36, lowering the affordability threshold for the 2022 calendar year to 9.61% of household income from the 2021 threshold of 9.83%. This percentage is used to determine an individual’s eligibility for a premium tax credit and the affordability of...

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