We have moved to 274 Westlake Rd., Hardy, VA 24101

Category: Compliance

  • Two Areas Impacting Benefits When the COVID-19 Emergencies End | VA Employee Benefits Agents

    When the COVID-19 public health emergency and national emergency were declared in 2020, no one anticipated they would still be in place in 2023. On January 30, 2023, the President announced the intent to end the emergencies on May 11, 2023. The impact of the emergencies on employer-sponsored benefits affected certain coverages, reimbursements, and timelines.…

  • PCORI fees are due by Monday, August 1, 2022 | Virginia Benefits Group

    By way of background, the Affordable Care Act (ACA) created the Patient-Centered Outcomes Research Institute (PCORI) to study clinical effectiveness and health outcomes. To finance the Institute’s work, a small annual fee—commonly called the PCORI fee—is charged on group health plans. Grandfathered health plans are not exempt. Most employers do not have to take any…

  • Transparency in Coverage | VA Employee Benefits Consultants

    We recently informed you that the machine-readable file (MRF) requirement under the Transparency in Coverage (TiC) rules goes into effect July 1, 2022. This part of the rule requires that insurers and self-funded group health plans must begin to publicly post machine-readable files with detailed information on the costs of covered services and prescription drugs.…

  • Transparency Rules Require Plan Sponsors to Act Now Before July 1 Deadline | VA Benefits Advisors

    The Departments of Health and Human Services, Labor, and Treasury (the Departments) released Transparency in Coverage (TiC) rules in late 2020 that will require fully insured and self-funded plan sponsors of non-grandfathered group health plans to make important disclosures about in-network and out-of-network rates beginning July 1, 2022. To be ready to meet that deadline,…

  • EEO-1 Data Collection | VA Employee Benefits Consultants

    The EEO-1 Component 1 report is a mandatory annual data collection that requires all private sector employers with 100 or more employees, and federal contractors with 50 or more employees meeting certain criteria, to submit demographic workforce data, including data by race/ethnicity, sex and job categories.  The filing by eligible employers of the EEO-1 Component…

  • Compliance Requirements for a Remote Workforce | Virginia Employee Benefits Consultants

    According to Gallup, the number of days employees are working remotely has doubled during the pandemic. Some companies are even considering making a remote work arrangement permanent. While there are no laws that exclusively apply to remote workplaces, remote work does come with additional compliance risks. Below is our general guidance for employers. Logging Hours…