The Internal Revenue System (IRS) recently announced the 2020 dollar limits for employee benefits including: High Deductible Health Plans (HDHPS), Health Savings Accounts (HSAs), Flexible Spending Accounts (FSAs), Transportation Benefits, and Adoption Assistance. As cost of living expenses continue to rise due to inflation, the IRS annually adjusts contribution limits …
The Department of Health and Human Services (HHS) has released a final rule to rescind the HPID and requirements for its use. What is a HPID? A HPID is a standard, yet unique health plan identifier that is primarily used in Health Insurance Portability and Accountability Act (HIPAA) standard transactions. …
Amazon has announced that it’s launching a virtual health clinic for Seattle-based employees and their families. What is the goal of this virtual health clinic? It will aim to provide telemedicine, in-person services, in-home follow-up appointments for employees, as well as serve as a vehicle for prescribing medications. This new …
It’s that time of year again. Flu season is back, and it’s not going anywhere anytime soon. As the colder weather begins to settle in and our exposure to germs escalates, it is most important to keep our immune system in check. The more we prioritize our health on a …
The Departments of Labor (DOL), Health and Human Services and the Treasury Departments have finalized resources to promote compliance with the Mental Health Parity and Addiction Equity Act (MHPAEA). These resources include: Final FAQs on mental health parity; A final model form that plan participants may use to request information …
Creative Benefits, Inc. has been recognized by the Philadelphia Business Journal!  Coming in at… #11 on PBJ’s 2019 Employee Benefit Consultants Firms Ranked by Number of Employee Benefit Professionals List #13 on PBJ’s 2019 Women-Owned Businesses in the Philadelphia Region Ranked by Revenue List As the eleventh largest firm …
What Is An HSA? An HSA is your Health Savings Account, available to individuals enrolled in high deductible health plans (HDHPS). Individuals can use their HSAs to pay for expenses covered under the HDHP until their deductible has been met, or they can use their HSAs to pay for qualified …
Beginning in 2020, a new California law requires employers that sponsor flexible spending accounts (FSAs) to notify employees of any deadline to withdraw FSA funds before the end of the plan year. This requirement applies to the following types of flexible spending accounts (FSAs), but is not limited to, dependent …
The Affordable Care Act (ACA) imposes an annual, non-deductible fee on the health insurance sector, allocated across the industry according to market share. The applicable amount in the past for each fee year was: $8 billion for calendar year 2014; $11.3 billion for calendar years 2015 and 2016; $13.9 billion …
The IRS has updated their Questions and Answers (Q&As) on the employer shared responsibility rules under the Affordable Care Act (ACA), to include adjusted penalty amounts for 2019 and 2020. According to the FAQs, the penalty amounts will be increased as follows: For calendar year 2019, the adjusted $2,000 amount …
It is the CBI CARES team’s third summer supporting the University City Hospitality Coalition and certainly not the last! UCHC is a group of community members, consisting of students, clergy and local residents, who provide holistic support to the homeless and hungry. Through UCHC, CBI CARES has now fed a …
Each year, Medicare Part D requires group health plan sponsors to disclose to individuals who are eligible for Medicare Part D and to the Centers for Medicare and Medicaid Services (CMS) whether the health plan’s prescription drug coverage is creditable. Plan sponsors must provide the annual disclosure notice to Medicare-eligible …
At Creative Benefits, Inc., we pride ourselves on building service around our clients’ unique needs. In an effort to accommodate frequent requests for FMLA and leave administration support, we created a designated FMLA and Leave Management Department. The superior service provided by this team became a pillar of our business …
On Monday, July 29, 2019, the Centers for Medicare and Medicaid (CMS) proposed rules that would require all Medicare-participating hospitals to post their negotiated prices for standard healthcare services. The Outpatient Prospective Payment System (OPPS) & Ambulatory Surgical Center (ASC) proposed rule is intended to increase pricing transparency and help …
On July 17, 2019, the IRS released Notice 2019-45 to add care for a range of chronic conditions to the list of preventive care benefits that can be provided by a high deductible health plan (HDHP) without a deductible. Individuals who are covered by an HDHP generally may establish and …
