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President Biden Issues Executive Actions Addressing Health Care Access

President Joe Biden has signed two executive actions to strengthen Americans’ access to affordable health care. Among the actions is an executive order aimed at expanding enrollment in the Affordable Care Act (ACA) and Medicaid, and a memorandum rescinding regulations on reproductive health access. Biden’s executive order on health care access is aimed to increase … Continued

July 2020 Compliance Recap

July was a busy month in the employee benefits world. The U.S. Supreme Court (Supreme Court) upheld the religious exemption and moral exemption final rules to the Patient Protection and Affordable Care Act (ACA) contraceptive mandate. The Internal Revenue Service (IRS) released the indexed 2021 ACA affordability percentage. The President signed a law extending the … Continued

2020 Annual Benefit Plan Amounts | Michigan Employee Benefits Company

2020 will begin with new annual benefit plan amounts.  For instance, 401(k) contribution limits have increased by $500 while HSA limits have risen by $50 for individuals and $100 for families.   We’ve compiled a summary of all of the benefit plan changes so click the link below for more detailed explanations and limit amounts. … Continued

Ask the Experts: Medical Loss Ratio (MLR) Rebates | MI Benefit Advisors

Question: Our company received a rebate check from our health insurance carrier. As the employer, we pay the bulk of premiums, although employees who enroll for coverage do pay a portion of the cost. Are there restrictions on how we can use the rebate money? Answer: Yes, there are restrictions on using the rebate. The … Continued