|
|
|
REMINDER: PCORI Fees Due July 31
Employers who sponsor self-funded medical plans must report and pay the ACA Patient-Centered Outcomes Research Institute (PCORI) fees no later than July 31, 2016. Health insurance carriers will pay the fee directly in the case of fully-insured plans.
PCORI fees apply to plan years ending after Sept 30, 2012 and before Oct 1, 2019. The fee is paid using quarterly excise tax Form 720 and must be paid no later than July 31 of the year following the last day of the plan year. If any corrections need to be made for prior years, use Form 720X.
The PCORI fee generally applies to all group health plans, but not to excepted benefits.
Read the full alert here.
If you have any questions or concerns, please reach out to your Lyons Employee Benefits team. Lyons is here to assist you with your efforts to be compliant.
Regards,
Lyons Companies Employee Benefits
|
|
Upcoming Webinar: OCR Begins New Phase of HIPAA Audits
As a part of its continued efforts to assess compliance with the HIPAA Privacy, Security and Breach Notification Rules, the Department of Health and Human Services Office for Civil Rights (OCR) has begun its second phase of audits of covered entities and their business associates. OCR has stated that they will be auditing all types of covered entities, including employer sponsored health plans. All employers who sponsor a health plan have some responsibility under the HIPAA Privacy and Security Rules. Now is a great time to make sure your organization has the proper policies and procedures in place.
Presented by:
Bob Radecki, President, Benefit Comply, LLC and
Regan Debban, J.D., MBA, Senior Consultant, Benefit Comply, LLC
Be sure to list Lyons Companies as the name of the firm that invited you when completing your registration and register early to ensure your receive the PowerPoint presentation in advance of the session.
|
to ensure you stay current on updates like this.
|
|
|
|
|
|
|
|
|
|
