Health Care Reform | Hummel Group

Health Care Reform

Benefits Buzz August 2018

Did You Know?

Amazon announced it will be purchasing the online pharmacy PillPack.  The deal is expected to close before the end of the year.

The PillPack, an online pharmacy startup that earned more than $100 million in revenue last year, Amazon is now able to enter the prescription market.

Benefits Buzz June 2018

Did You Know?

The due date for the Patient-Centered Outcomes Research Institute Fees (PCORI fees) is just around the corner.  By July 31, 2018, issuers and plan sponsors will be required to pay the PCORI fees for plan years ending in 2017 on IRS Form 720.  Please contact Hummel Group for additional information on PCORI fees.

Benefits Buzz May 2018

Did You Know?

A Virginia court is considering a lawsuit involving reference-based pricing (RBP) and balance billing.  The case, Glenn Dennis v. Memorial Hospital of Martinsville & Henry County, appears to be the first balance billing case to go to trial and could determine how courts decide these disputes in the future.

Benefits Buzz April 2018

Did You Know?

Tax scams are on the rise.  Don't be fooled into giving your personal information or tax return to a thief.  Scammers have complex methods for tricking individuals, most commonly by impersonating the IRS.

Know that the IRS will never demand immediate payment, request wire transfers, threaten to involve police or ask for credit card information.

Benefits Buzz March 2018

Did You Know?

At his swearing-in ceremony, new Secretary of the Department of Health and Human Services, Alex Azar, stated that bringing the price of prescription drugs down and tackling the opioid crisis are two topics he will focus on.

While there are no specifics on how he and President Donald Trump plan to do this, we will continue to monitor the issue and provide updates as possible.

Benefits Buzz February 2018

Did You Know?

The Tax Cuts and Jobs Act, signed into effect late December, creates a new tax credit for wages paid by employers in 2018 and 2019 to employees while on family and medical leave, as defined by the Family and Medical Leave Act (FMLA).

Benefits Buzz January 2018

Did You Know?

The Senate tax bill would repeal the individual mandate - a hallmark of the Affordable Care Act (ACA) - beginning in 2019.

However, the Senate and House of Representatives must agree on tax reform legislation before a bill is signed by the president and becomes law.

For now, continue complying with any ACA requirements.  We will keep you apprised of new developments as they arise.

 

Benefits Buzz July 2017

Did You Know?

On May 5, 2017, the IRS issued Revenue Procedure 2017-36 to index the contribution percentages in 2018 for purposes of determining affordability of an employer's plan under the ACA.  These updated affordability percentages are effective for taxable years and plan years beginning Jan. 1, 2018.