Some of the nation's largest insurers have announced plans to roll back their prior authorization requirements for medical services, and some are doing this in their Medicare Advantage plans as well. The moves come as states and the Centers for Medicare and Medicaid...
The Equal Employment Opportunity Commission has issued new guidance for employers to provide reasonable accommodations for visually impaired workers who request it. About 18.4% of all American adults have at least some difficulty with their vision, even when wearing...
Download Volume 5, Issue 9 of The Risk Report In this Edition: Health Plan Affordability Level Cut Significantly for 2024 Group Health Plan Cost Inflation to Pick Up Steam More Insurers Scale Back on Prior Authorizations 50% Increase in Overtime Pay Threshold on Tap...
The IRS has significantly reduced the group plan affordability threshold — which is used to determine if an employer's lowest-premium health plan meets the Affordable Care Act rules — for 2024. The threshold for next year has been set at 8.39% of an employee's...
A new report by Aon warns employers to expect average group health insurance costs to increase 8.5% in 2024, as inflation starts hitting the cost of delivering care as well as pharmaceuticals. The report predicts that employers will pay an average of $15,088 in 2024,...
MZQ Beacon Alert -August 28, 2023 In this Edition: "Just when we thought affordability percentages couldn’t possibly go lower than the 2023 rate of 9.12%, theInternal Revenue Service released Revenue Procedure 2023-29 declaring the Affordable Care Act (ACA)benchmark...
If you are running a business, you need to get an early start on preparations for your small group health plan open enrollment, particularly now as so much confusion abounds about the state of health insurance in the country. With recent new regulations, options have...
MZQ Beacon Alert -August 10, 2023 In this Edition: "With the ongoing issue of Medicaid redetermination taking place across the nation, the Centers for Medicare & Medicaid Services (CMS), the Treasury, and the Department of Labor (collectively, the Agencies) are...
Since the COVID-19 pandemic, more employers are allowing their staff to work remotely on a permanent basis, often allowing them to never have to set foot in the office again. This newfound freedom for American workers has allowed many of them to leave the cities they...
A recent decision by the U.S. Supreme Court will make it more difficult for employers to deny employees' requests for religious accommodations in the workplace. The unanimous decision by the court in the case of Groff vs. DeJoy basically upends a standard for...