Medicare Part D Creditable Coverage Notices: New Date Requirement Please note there is a new date requirement for the Creditable Coverage notification for Medicare eligible employees required by the Centers for Medicare and Medicaid Services (CMS) Plan Sponsors whose plans provide prescription drug coverage to Medicare-eligible active employees and dependents, as well as Medicare-eligible retirees ...
Read More »Category: The Latest News
Guidance on New Disclosure Requirement for Group Health Plans and Insurers: Introducing the “SBC” By Sarah L. Bhagwandin Starting March 23, 2012, plan administrators and insurers will be required to provide a uniform Summary of Benefits and Coverage (“SBC”). The SBC is a new, additional required disclosure, and does not replace the summary plan description ...
Read More »HHS Reduces Healthcare External Review Requirements The U.S. Department of Health and Human Services (HHS) and U.S. Department of Labor (DOL) issued a technical release updating external review requirements for health plans and insurers under the Patient Protection and Affordable Care Act (PPACA). These amendments referred to as the “Technical Amendment” are still considered an “interim final ...
Read More »Hidden Legal Risk for Businesss. by wellness plans For most firms, voluntary benefits are a win-win arrangement. But there can be hidden risks. On the positive side, voluntary benefits cost employers next to nothing, yet boost employees’ morale and benefits satisfaction. An Aon survey found 77 percent of organizations offer at least one voluntary benefit. ...
Read More »Majority of defined benefit and defined contribution plan sponsors must submit Form 8955-SSA to the IRS by August 1, 2011. For two filing years, the industry has waited for the IRS to release the new version of Form 8955-SSA, Annual Registration Statement Identifying Separated Participants With Deferred Vested Participants. Although we are still waiting for ...
Read More »Blue Cross of Illinois announces New Member ID Cards with Bar Code Technology Beginning Aug. 1, member ID cards will be printed with a bar code on the back instead of a magnetic stripe. This will make it easier for members to share benefit information with their health care providers. The bar code will carry the ...
Read More »On June 17, the U.S. Department of Health and Human Services announced new procedures for health plans with limited benefits (including so-called “mini-med” plans) to obtain temporary waivers of the restrictions on annual dollar limits that were imposed by the Patient Protection and Affordable Care Act. Continue Reading
Read More »Our website represents our business. Easy to do business with, customer focused, timely products and dedicated to our community. We encourage you to sign up for our newsletter and to send us comments and contributions. Yes, that is right, contributions. Our site will feature the good deeds that are being done by all of you. ...
Read More »Many new changes which will be coming your way this summer. For years, we at Rigby group have been privileged to work with great clients and providers. Our aim has been to act with the highest degree of integrity and to provide you with unparalleled service. Long term relationships matter to us and we believe ...
Read More »