Dickerson’s Webinars for Women, IRS Guidance, Large Group and More!

Dickerson Large Group Services – best in class service

Dickerson Insurance Services is eager to provide “best in class service” to help you with your large groups! We’re here every step of the way, from starting the conversation with you and your client, all the way through to enrollment and installation. Here’s how we can help you with your large groups:
  • Strategic insights from our expert team
  • Census gathering
  • RFP process
  • Quote review
  • Enrollment and installation
  • And much more!
Reach out to your Dickerson Account Executive if you currently need help with a large group or are thinking of working on one. For more information and a full list of our large group carriers, contact your Dickerson Account Executive.

Join Dickerson and Sally Prather, Executive VP and Employee Benefits Practice Leader of Alera Group for Special Insights and Perspectives on Women in the Industry.

Sally Prather has more than 25 years of industry experience. She is Executive VP and the Employee Benefits Practice Leader for Alera Group. In this role, Sally focuses on the continued development of the firm’s employee benefits practice, including platform expansion and resource coordination, working with firms across the country to strengthen the Alera Group value proposition. Prior to joining Alera, Sally served as VP, Paychex Insurance Agency, and before that, she was the Head of Employee Benefits Business at Marsh & McLennan Agency. She’s a graduate of Marietta College with a Bachelor’s degree in Human Resources Management

May 27, 2021 09:00 AM PST

Click here to register.

IRS provides guidance on premium assistance and tax credit for continuation health coverage

The Internal Revenue Service today provided guidance on tax breaks under the American Rescue Plan Act of 2021 for continuation health coverage under the Consolidated Omnibus Budget Reconciliation Act of 1985 (COBRA).

Notice 2021-31 provides guidance for employers, plan administrators, and health insurers regarding the new credit available to them for providing continuation health coverage to certain individuals under COBRA.

The American Rescue Plan provides a temporary 100% reduction in the premium that individuals would have to pay when they elect COBRA continuation health coverage following a reduction in hours or involuntary termination of employment. The new law provides a corresponding tax credit for the entities that maintain group health plans, such as employers, multiemployer plans, and insurers. The 100% reduction in the premium and the credit are also available with respect to continuation coverage provided for those events under comparable State laws, sometimes referred to as “mini-COBRA.”

Notice 2021-31 provides information regarding the calculation of the credit, the eligibility of individuals, the premium assistance period, and other information vital to employers, plan administrators, and insurers to understand the credit.

COBRA provides certain former employees, retirees, spouses, former spouses, and dependent children the right to temporary continuation of health coverage at group rates. COBRA generally covers health plans maintained by private-sector employers with 20 or more full and part-time employees. It also covers employee organizations or federal, state, or local governments. State mini-COBRA laws often provide similar benefits for insured small employers not subject to Federal COBRA.

The IRS will continue to update information related to health plans on IRS.gov.

For more information on coronavirus tax relief, click here.

Reminder:  PCORI Fees are due by July 31, 2021

Employers should ensure they take care of their annual PCORI filing requirements—something every employer with a self-funded medical plan, or a fully-insured plan with a health reimbursement arrangement (HRA) is required to do. The only employers who do not need to worry about the PCORI fee are employers with fully insured plans and no HRAs. Employers that sponsor self-insured group health plans, including health reimbursement arrangements (HRAs), should keep in mind of the upcoming July 31, 2021 deadline for paying fees that fund the Patient-Centered Outcomes Research Institute (PCORI). The PCORI was established as part of the Affordable Care Act (ACA) as a way to research the effectiveness of medical treatments, procedures, and strategies that treat, manage, diagnose or prevent illness or injury. Under the ACA, most employer sponsors and insurers are required to pay PCORI fees until 2029, as it only applies to plan years ending on or before September 30, 2029. The amount of PCORI fees due by employer sponsors and insurers is based upon the number of covered lives under each “applicable self-insured health plan” and “specified health insurance policy” (as defined by regulations) and the plan or policy year-end date. This year, employers will pay the fee for plan years ending in 2020.

DICKERSON INDUSTRY NEWS UPDATES

Doctors Now Must Provide Patients Their Health Data Online

On April 5th, a federal rule went into effect that requires health care providers to give patients electronic access to their health information without delay, and at no cost. Patients may now easily access clinical notes, test results, and other medical data as soon as they become available.
To read the full story, click here.

One of America’s largest hospital chains has been suing thousands of patients during the pandemic

Hospitals owned by Community Health Systems, Inc., one of America’s largest hospital chains, have filed at least 19,000 lawsuits against their patients over allegedly unpaid medical bills since March 2020, even as other hospitals around the country have moved to curtail similar lawsuits during the pandemic, a CNN investigation found.
To read the full story, click here.

Racism Derails Black Men’s Health, Even as Education Levels Rise

More education typically leads to better health, yet Black men in the U.S. are not getting the same benefit as other groups, research suggests. They are more likely to die from chronic illnesses than white men, and their life expectancy, on average, is lower. Experts point to a variety of factors that might play a role, but many said the most pervasive is racism.
To read the full story, click here.