Category: Aisling University Employee Benefits Newsletters

10 Apr

Legal Alert: CMS Extends Transition Relief for Non-Compliant Plans through 2020

Alert Summary from Danielle Capilla Continuing its trend for the sixth year, the Centers for Medicare and Medicaid Services (CMS) has extended transitional relief to “grandmothered” health plans. Grandmothered plans are non-grandfathered plans in the small group and individual market, that CMS has allowed to continue renewing despite their non-compliance with certain ACA requirements, including […]

01 Apr

Legal Alert: New Court Ruling on Association Health Plans

Association Health Plans allowed small businesses to band together for more affordable healthcare, and they have been a hot topic of late. After the Department of Labor under the Trump administration issued its final ruling on Association Health Plans (AHPs) last summer, several states took up issue with it. Specifically, eleven states and the District […]

27 Mar

Alera Group Acquires Phalanx Healthcare Solutions, LLC

DEERFIELD, IL — Alera Group, a leading national insurance firm, today announced its acquisition of Phalanx Healthcare Solutions, LLC (Phalanx), effective March 1, 2019. Located in New York City, Phalanx is a leading insurance and reinsurance broker of medical malpractice insurance for healthcare facilities, large physician groups, and individual physicians predominately in New York and New […]

18 Dec

District Court Judge in Texas Strikes Down the ACA – But Law Remains In Effect for Now

On Friday, December 14, a federal judge in Texas issued a partial ruling that strikes down the entire Affordable Care Act (ACA) as unconstitutional.  The White House has stated that the law will remain in place, however, pending the appeal process.  The case, Texas v. U.S., will be appealed to the U.S. Court of Appeals […]

29 Nov

IRS Extends Deadline for Furnishing Form 1095, Extends Good-Faith Transition Relief

IRS Extends Deadline for Furnishing Form 1095, Extends Good-Faith Transition Relief The Internal Revenue Service (IRS) has released Notice 2018-94, extending the deadline for furnishing 2018 Forms 1095-B and 1095-C to individuals from January 31, 2019 to March 4, 2019, as well as penalty relief for good-faith reporting errors.  The due date for filing the […]

19 Nov

IRS Increases Health FSA Contribution Limit for 2019, Adjusts Other Benefit Limits

On November 15, 2018, the Internal Revenue Service (IRS) released Revenue Procedure 2018-57, which raises the health Flexible Spending Account (FSA) salary reduction contribution limit by $50 to $2,700 for plan years beginning in 2019. The Revenue Procedure also contains the cost-of-living adjustments that apply to dollar limitations in certain sections of the Internal Revenue […]

15 Nov

Alera Group Acquires Pennsylvania Financial Services Firm

Latest Acquisition Expands Wealth Management Expertise DEERFIELD, IL — Alera Group, a leading national employee benefits, property and casualty, risk management and wealth management firm, has acquired Perspective Financial Group. Terms of the transaction were not announced. Perspective Financial Group (Perspective), is a wealth management firm headquartered in Berwyn, Pennsylvania that has been serving their clients […]

05 Oct

Medical Loss Ratio Rebates

Medical Loss Ratio Rebates Under the Affordable Care Act The U.S. Department of Health and Human Services (“HHS”) has provided guidance on the Affordable Care Act’s (“ACA’s”) medical loss ratio (“MLR”) rule, which requires health insurers to spend a certain percentage of premium dollars on claims or activities that improve health care quality or provide […]

10 Jul

Alera Group Expands P&C Platform with Alliance Acquisition

DEERFIELD, IL (July 10, 2018) — Alera Group announced it has acquired a controlling interest in The Insurance Alliance of Central Pennsylvania (“The Alliance”), effective July 1. The Alliance provides support to 10 firms in Pennsylvania, including three firms that were previously acquired by Alera Group. In acquiring The Alliance, Alera Group immediately expands its […]

20 Jun

DOL Releases Final Rule Expanding Association Health Plans

The U.S. Department of Labor (DOL) has issued a final rule expanding the opportunity of unrelated employers of all sizes (but particularly small employers) to offer employment-based health insurance through Association Health Plans (AHPs).  Significantly, the final rule applies “large group” coverage rules under the Affordable Care Act (ACA) to qualifying AHPs.  The final rule […]