For our 2019 Thanksgiving project, the CBI CARES team organized a company-wide non-perishable food collection to support Preston & Steve’s Camp Out for Hunger, the largest food collection in the country. Their annual week-long food drive benefits Philabundance, Delaware Valley’s largest hunger relief organization that fights to drive hunger from …
On December 2, 2019, the Internal Revenue Service (IRS) issued Notice 2019-63 to: Extend the due date for furnishing forms under Sections 6055 and 6056 for 2019 from January 31, 2020 to March 2, 2020; Extend good-faith transition relief from penalties related to 2019 information reporting under Sections 6055 and …
On June 24, 2019, President Trump signed an executive order aimed at improving price and quality transparency in healthcare. Click here for more information. On November 15, 2019, the Department of Labor (DOL), Health and Human Services (HHS) and the Treasury (Departments) issued a proposed rule regarding transparency in coverage …
Every year employers that sponsor group health plans are subject to numerous reporting and disclosure requirements. Not all compliance requirements will apply to every employer, but group health plan sponsors should familiarize themselves with health plan compliance deadlines. For non-calendar year plans, these deadlines will need to be adjusted to …
On Friday, November 15, 2019, the Trump administration released its final rule regarding hospital price transparency, which will take effect in 2021. What does this new rule mean? Hospitals will now be required to provide easily accessible billing information to patients. This means having all standard charges available online and …
Over the years, the Affordable Care Act (ACA) has created reporting requirements under Code Sections 6055 and 6056. These rules require certain employers to provide information to the Internal Revenue System (IRS) about the health plan coverage they either offer, don’t offer, or provide to their employees. 2019 Draft Forms …
On November 8, 2019, the Department of Labor (DOL) and Health and Human Services (HHS) issued an updated template and related materials for the Summary of Benefits and Coverage (SBC). The following updated materials must be used for plan years beginning on or after January 1, 2021: SBC Template, Uniform …
As healthcare costs continue to rise, solutions to combat these costs are becoming more and more essential. Direct Primary Care (DPC) is rising to the surface to do just that. What is DPC and how does it work? DPC is an innovative alternative payment model to traditional primary care. It …
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 …
