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DOL Issues Report on Self-Insured Group Health Plans

The U.S. Department of Labor (DOL) recently issued an Annual Report on Self-Insured Group Health Plans. The Affordable Care Act requires the Secretary of Labor to provide Congress with an annual report (Report) containing general information on self-insured employee health benefit plans and financial information regarding employers that sponsor such plans, based on the data … Continued

Nondiscrimination Rules for Cafeteria Plans | Michigan Benefit Advisors

A cafeteria plan is an employer-provided written plan that offers employees the opportunity to choose between at least one permitted taxable benefit and at least one qualified employee benefit. There is no federal law that requires employers to establish cafeteria plans; however, some states require employers to have cafeteria plans for employees to pay for … Continued

Reporting Minimum Essential Coverage | Michigan Benefit Advisors

Minimum essential coverage (MEC) is the type of coverage that an individual must have under the Patient Protection and Affordable Care Act (ACA). Employers that are subject to the ACA’s shared responsibility provisions (often called “play or pay”) must offer MEC coverage that is affordable and provides minimum value. In the fall of 2015 the … Continued

Why Care About Diabetes and What You Can Do as an Employer | Michigan Benefit Advisors

Diabetes is an expensive disease: $322 billon in America! Costs are compounded because diabetes is the leading cause of heart disease, stroke, kidney disease, lower limb amputation, and blindness, and also has connections with some cancers, arthritis, gum disease and Alzheimer’s disease. To add some perspective, consider these facts: Today, 3,835 Americans will be diagnosed … Continued

IRS Proposes New Section 6055 Reporting Requirements for Self-Insured Employers |MI Benefit Advisors

Employers with self-insured health plans are facing new Section 6055 regulations regarding the reporting of minimum essential coverage. The proposed regulation requires self-insured employers to report this information to the IRS on either Form 1095-B or in Part III of Form 1095-C, if the coverage is provided by an applicable large employer. Section 6055 reporting … Continued