Information for Filing Comparative Effectiveness Tax (PCORI Fee) in July 2021
Information for Filing Comparative Effectiveness Tax (PCORI Fee) in July 2021plblackwell@me…Wed, 05/19/2021 - 15:41OverviewThe Affordable Care Act imposes a fee on health insurers and plan sponsors of...
View ArticleAdditional IRS Guidance on COBRA Subsidies
Additional IRS Guidance on COBRA Subsidies plblackwell@me…Mon, 05/24/2021 - 15:57On May 18th, the Internal Revenue Service (IRS) issued Notice 2021-31 to provide additional guidance regarding the COBRA...
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2022 Out-of-Pocket Limits, HDHP Minimum Deductibles, and HSA Contribution...
2022 Out-of-Pocket Limits, HDHP Minimum Deductibles, and HSA Contribution Limits plblackwell@me…Tue, 07/06/2021 - 13:35OverviewAs plan sponsors begin to evaluate plan design changes for the coming...
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MedCost Renewal and Open Enrollment: On the Road to 2022
MedCost Renewal and Open Enrollment: On the Road to 2022plblackwell@me…Thu, 07/22/2021 - 10:16It may seem miles away, but 1/1 health plan renewals and open enrollment periods are right around the...
View ArticleCompliance Update - Mental Health Parity
Compliance Update - Mental Health Parityplblackwell@me…Mon, 07/26/2021 - 07:46We are writing to provide an update on our previous communication regarding the new mental health parity requirements under...
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MedCost Renewal and Open Enrollment: Where are you with your renewal?
MedCost Renewal and Open Enrollment: Where are you with your renewal? plblackwell@me…Fri, 08/20/2021 - 10:33We’re speeding towards a new plan year! MedCost recently shared a schedule intended to help...
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MedCost Renewal and Open Enrollment: Have you finalized benefit changes for...
MedCost Renewal and Open Enrollment: Have you finalized benefit changes for 2022?plblackwell@me…Wed, 09/15/2021 - 10:28 MedCost previously shared a schedule intended to help track progress of...
View ArticleNo Surprises Act ID Card Requirements
No Surprises Act ID Card Requirements plblackwell@me…Mon, 09/20/2021 - 10:37As part of the wide-ranging Consolidated Appropriations Act, 2021, the No Surprises Act (NSA) goes into effect for plan years...
View ArticleMedCost Transparency in Coverage
MedCost Transparency in Coveragejcarter@medcost.comWed, 09/22/2021 - 13:46OverviewThe Transparency in Coverage rule has prompted action to put patients first by improving price and quality transparency...
View ArticleImportant Information Regarding Annual Notice Requirements (Creditable Coverage)
Important Information Regarding Annual Notice Requirements (Creditable Coverage)plblackwell@me…Thu, 09/30/2021 - 10:19This communication is a reminder of the annual notices that must be provided to...
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MedCost Renewal and Open Enrollment: Time to "Weigh In" on Your Plan Renewal
MedCost Renewal and Open Enrollment: Time to "Weigh In" on Your Plan Renewal plblackwell@me…Mon, 10/04/2021 - 14:57Only 90 days to go until 1/1/22! Are you where you need to be on the road to your...
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MedCost Renewal and Open Enrollment: Ready to (En)Roll?
MedCost Renewal and Open Enrollment: Ready to (En)Roll?plblackwell@me…Mon, 10/25/2021 - 08:47It’s time to gear up for open enrollment if you haven’t done so already! We’re a little more than 60 days...
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IRS Announces 2022 FSA Limits
IRS Announces 2022 FSA Limitsplblackwell@me…Mon, 11/22/2021 - 11:58The Internal Revenue Service recently released Revenue Procedure 2021-45, announcing the cost-of-living adjustments for calendar year...
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MedCost Renewal and Open Enrollment: Are We There Yet?
MedCost Renewal and Open Enrollment: Are We There Yet? plblackwell@me…Tue, 11/23/2021 - 15:43 Are we there yet?It’s been a long road full of starts and stops, but we’re now just a little more...
View ArticleACA Reporting for 2021 - Large Group
ACA Reporting for 2021 - Large Group plblackwell@me…Wed, 12/15/2021 - 09:30The deadlines for ACA reporting on plan year 2021 health coverage are swiftly approaching. The IRS has released final forms...
View ArticleACA Reporting for 2021 - Small Group
ACA Reporting for 2021 - Small Group plblackwell@me…Wed, 12/15/2021 - 13:51The deadlines for ACA reporting on plan year 2021 health coverage are swiftly approaching. The IRS has released final forms...
View ArticleCompliance Update - W2 Reporting for 2021 Calendar Year
Compliance Update - W2 Reporting for 2021 Calendar Year plblackwell@me…Thu, 12/16/2021 - 16:24Employers who issue 250 or more W-2 Forms are required to report the cost of employer-sponsored group...
View ArticleDOL Issues Guidance on Required Coverage of OTC COVID-19 Testing
DOL Issues Guidance on Required Coverage of OTC COVID-19 Testingplblackwell@me…Fri, 01/14/2022 - 07:38On December 2, 2021, as part of efforts to combat the COVID-19 pandemic, the White House announced...
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MedCost Announces New President
MedCost Announces New President plblackwell@me…Tue, 03/22/2022 - 10:15MedCost is pleased to announce that our board selected Lisa Farrell to serve as the company’s president, effective January 18,...
View ArticleInformation About Filing Comparative Effectiveness Tax (PCORI Fee) in July 2022
Information About Filing Comparative Effectiveness Tax (PCORI Fee) in July 2022plblackwell@me…Thu, 04/28/2022 - 08:41Overview The Affordable Care Act imposes a fee on health insurers and plan sponsors...
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2023 Out-of-Pocket Limits, HDHP Minimum Deductibles, and HSA Contribution...
2023 Out-of-Pocket Limits, HDHP Minimum Deductibles, and HSA Contribution Limits plblackwell@me…Fri, 05/13/2022 - 10:02OverviewAs plan sponsors begin to evaluate plan design changes for the coming...
View ArticleTransparency in Coverage Update: Machine-Readable Files
Transparency in Coverage Update: Machine-Readable Files jcarter@medcost.comMon, 06/13/2022 - 13:30The focus of the Transparency in Coverage rule is to help consumers better understand the costs...
View ArticleMedCost Announces Partnership with RxBenefits
MedCost Announces Partnership with RxBenefitsplblackwell@me…Fri, 07/22/2022 - 09:05Clients Projected to Save 20% in Pharmacy Costs MedCost is pleased to announce a new pharmacy benefit manager (PBM)...
View ArticleImportant Information Regarding Annual Notice Requirements
Important Information Regarding Annual Notice Requirements plblackwell@me…Mon, 10/03/2022 - 11:23This is a reminder of the annual notices that must be provided to plan participants and employees. For...
View ArticleCDC Recommends Bivalent COVID-19 Vaccine Booster
CDC Recommends Bivalent COVID-19 Vaccine Booster plblackwell@me…Thu, 10/06/2022 - 12:08On September 1, 2022, the Centers for Disease Control and Prevention (CDC) announced recommendations for a booster...
View ArticleIRS Announces 2023 FSA Limits
IRS Announces 2023 FSA Limitsplblackwell@me…Wed, 10/26/2022 - 14:30The Internal Revenue Service recently released Revenue Procedure 2022-38, announcing the cost-of-living adjustments for calendar year...
View ArticleCDC Amends Recommendations for Updated COVID-19 Booster to Include Children...
CDC Amends Recommendations for Updated COVID-19 Booster to Include Children Ages 5-11plblackwell@me…Fri, 10/28/2022 - 14:43We recently shared news about the Centers for Disease Control and Prevention’s...
View ArticleACA Reporting for 2022 - Small Group Employers
ACA Reporting for 2022 - Small Group Employers plblackwell@me…Fri, 12/16/2022 - 09:13Deadlines for ACA reporting for plan year 2022 health coverage (generated in the 2023 tax year) are swiftly...
View ArticleACA Reporting for 2022 - Large Group Employers
ACA Reporting for 2022 - Large Group Employers plblackwell@me…Fri, 12/16/2022 - 09:55Deadlines for ACA reporting for plan year 2022 health coverage (generated in the 2023 tax year) are swiftly...
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MedCost's Credentialing (CVO) Partner Aperture Changes Name to Verisys
MedCost's Credentialing (CVO) Partner Aperture Changes Name to Verisysplblackwell@me…Thu, 12/29/2022 - 13:40MedCost partners with Aperture for the credentialing and recredentialing of our Network...
View ArticleHigh Deductible Health Plan Extension 2023
High Deductible Health Plan Extension 2023 plblackwell@me…Tue, 01/10/2023 - 11:46On December 23, 2022, the year-end omnibus bill, Consolidated Appropriations Act, 2023 (CAA 2023), was approved by the...
View ArticleW-2 Reporting for 2022 Calendar Year
W-2 Reporting for 2022 Calendar Year plblackwell@me…Thu, 01/12/2023 - 14:57Employers who issue 250 or more W-2 Forms are required to report the cost of employer-sponsored group health plan coverage on...
View ArticleNational Emergency and Public Health Emergency Declaration Ends May 11, 2023
National Emergency and Public Health Emergency Declaration Ends May 11, 2023plblackwell@me…Fri, 04/07/2023 - 10:43President Biden has announced the conclusion of the COVID-19 National Emergency and the...
View ArticleInformation About Filing Comparative Effectiveness Tax (PCORI Fee) July 2023
Information About Filing Comparative Effectiveness Tax (PCORI Fee) July 2023plblackwell@me…Tue, 04/25/2023 - 14:29Information About Filing Comparative Effectiveness Tax (PCORI Fee) in July 2023Overview...
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2024 Out-of-Pocket Limits, HDHP Minimum Deductibles, and HSA Contribution Limits
2024 Out-of-Pocket Limits, HDHP Minimum Deductibles, and HSA Contribution Limitsplblackwell@me…Wed, 06/07/2023 - 14:33OverviewAs plan sponsors begin to evaluate plan design changes for the coming year,...
View ArticleConsolidated Appropriations Act Gag Clause Prohibition Compliance Attestation...
Consolidated Appropriations Act Gag Clause Prohibition Compliance Attestation Due December 31, 2023jcarter@medcost.comTue, 08/15/2023 - 10:23OverviewThe Consolidated Appropriations Act, 2021 (CAA)...
View ArticleCompliance Reminder: Consolidated Appropriations Act Gag Clause Prohibition...
Compliance Reminder: Consolidated Appropriations Act Gag Clause Prohibition Compliance Attestation Due December 31, 2023jcarter@medcost.comWed, 11/01/2023 - 09:38We are writing to provide you with an...
View ArticleIRS Announces 2024 FSA Limits
IRS Announces 2024 FSA Limits plblackwell@me…Mon, 11/13/2023 - 11:25The Internal Revenue Service recently released Rev. Proc. 2023-34, announcing certain cost-of-living adjustments for calendar year...
View ArticleW-2 Reporting for 2023 Calendar Year
W-2 Reporting for 2023 Calendar Year plblackwell@me…Mon, 12/04/2023 - 10:05Employers who issue 250 or more W-2 Forms are required to report the cost of employer-sponsored group health plan coverage on...
View ArticleACA Reporting for 2023 (Large Employers)
ACA Reporting for 2023 (Large Employers) plblackwell@me…Thu, 12/14/2023 - 10:13Deadlines for Affordable Care Act (ACA) reporting for the 2023 tax year are swiftly approaching. The IRS has released...
View ArticleACA Reporting for 2023 (Small Employers)
ACA Reporting for 2023 (Small Employers) plblackwell@me…Thu, 12/14/2023 - 10:19Deadlines for Affordable Care Act (ACA) reporting for the 2023 tax year are swiftly approaching. The IRS has released...
View ArticleEnhanced Online Enrollment is Here!
Enhanced Online Enrollment is Here! plblackwell@me…Mon, 02/05/2024 - 13:27MedCost has streamlined our enrollment forms and added new features to enhance your online experience. The updated forms will...
View ArticleInformation for Filing Comparative Effectiveness Tax (PCORI Fee) in July 2024
Information for Filing Comparative Effectiveness Tax (PCORI Fee) in July 2024plblackwell@me…Thu, 04/18/2024 - 09:10Overview The Affordable Care Act imposes a fee on health insurers and plan sponsors of...
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2025 Out-of-Pocket Limits, HDHP Minimum Deductibles, and HSA Contribution...
2025 Out-of-Pocket Limits, HDHP Minimum Deductibles, and HSA Contribution Limits plblackwell@me…Mon, 05/20/2024 - 09:42OverviewAs plan sponsors begin to evaluate plan design changes for the coming...
View ArticleMedCost Update: Transparency in Coverage
MedCost Update: Transparency in Coveragejcarter@medcost.comThu, 08/15/2024 - 09:51Consistent with many TPAs and carriers, MedCost was impacted by the Change Healthcare cyber attack that occurred...
View ArticleImportant Information Regarding Annual Notice Requirements
Important Information Regarding Annual Notice Requirementsplblackwell@me…Tue, 09/17/2024 - 11:06This communication is a reminder of the annual notices that must be provided to plan participants and...
View ArticleIRS Announces 2025 FSA Limits
IRS Announces 2025 FSA Limits plblackwell@me…Fri, 10/25/2024 - 09:06The Internal Revenue Service recently released Revenue Procedure 2024-40 announcing certain cost-of-living adjustments for calendar...
View ArticleACA Reporting for 2024 (Small Group)
ACA Reporting for 2024 (Small Group) plblackwell@me…Mon, 10/28/2024 - 18:28Deadlines for Affordable Care Act (ACA) reporting for the 2024 tax year are swiftly approaching. The IRS has released final...
View ArticleACA Reporting for 2024 (Large Group)
ACA Reporting for 2024 (Large Group) plblackwell@me…Mon, 10/28/2024 - 18:35Deadlines for Affordable Care Act (ACA) reporting for the 2024 tax year are swiftly approaching. The IRS has released final...
View ArticleConsolidated Appropriations Act Gag Clause Prohibition Compliance Attestation...
Consolidated Appropriations Act Gag Clause Prohibition Compliance Attestation Due December 31, 2024plblackwell@me…Thu, 10/31/2024 - 11:20Overview The Consolidated Appropriations Act, 2021 (CAA)...
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