2015 ACA Reporting Results
July 19, 2016
Mandated reporting of qualified and affordable coverage under the Affordable Care Act (ACA) has been completed as of June 30, 2016 for the first time. The 1095 forms were due by March...
Read MoreTransgender Anti-Discrimination Rule
July 19, 2016
The U.S. Department of Health and Human Services has finalized a rule in the Affordable Care Act (ACA) that “bans discrimination against transgender people throughout the healthcare system” and will force many...
Read More2017 HSA Limits
May 26, 2016
The IRS has released Revenue Procedure 2016-28 notifying Health Savings Account owners of the funding and deductible limits effective January 1, 2017. Annual HSA Contribution Limits Single – $3,400 ($50...
Read MorePCORI Tax: 2016
May 26, 2016
PCORI 2016 For the past three years we at KBM have discussed the Patient-Centered Outcomes Research Institute (PCORI) tax, a fee imposed by the Affordable Care Act (ACA) on issuers and...
Read MorePaid Family Leave and Minimum Wage Increase in NYS
April 18, 2016
KBM Management has worked with Kathy Barany of Strategic Management Solutions since 2006. Kathy continues to provide us and our clients updated and vetted Human Resource management information, answers, and...
Read MoreSpring Cleaning – Time for a Claim Audit!
April 18, 2016
If we audited your employees medical claims what do you think we would find? Surely, you’d expect your TPA paid the claims accurately and timely, right? They correctly apply your benefit schedule...
Read MoreBrooks Wright of KBM is Awarded Chamber Board Member MVP
March 04, 2016
Brooks Wright, KBM Management’s Director of New Business, was recently recognized by the Oswego-Fulton Chamber of Commerce at the annual meeting with the President’s Award. According to Greg Mills, Executive Director...
Read MoreLower Health Insurance Premium Increases in 2017?
March 04, 2016
Based on a suspension of an Affordable Care Act (ACA) tax in 2016 the rate of increase for single risk group health plans (fully insured) should see a reduction come January....
Read MoreAnother Health Insurance Premium Tax Proposal
February 05, 2016
The continued fallout from the abrupt shutdown of New York’s Health Republic has led to NY State Senator David Valesky’s (D-Oneida) proposed “guaranty fund” to protect consumers and medical providers...
Read MoreIRS Extends ALE Reporting Deadlines
December 29, 2015
The IRS has issued an extension of the Applicable Large Employer (ALE) reporting requirements of the ACA pertaining to offers and elections of qualified health insurance coverage (Notice 2016-4). The...
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