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Health and Welfare Year-End Action Items

Distribute Summary of Benefits and Coverage with open enrollment materials and to new hires / new enrollees for the plan year beginning on or after September 23, 2012. Ensure process is in place for health coverage reporting on Form W-2 to be distributed in January, 2013. Reduce Health FSA limit to $2,500 for the plan year beginning on or after January 1, 2013. Distribute Medicare Part D Notices of Creditable and/or Non-Creditable coverage by October 15. Distribute annual WHCRA and CHIPRA notices. Adopt amendments for 2012 Plan Design Changes (ensure non-grandfathered plan claims procedures comply with latest PPACA guidance). Re-submit Annual Limit Waiver Extension form and attestation by December 31, 2012 if the plan has been granted a waiver under PPACA. Distribute Annual Limit Waiver notice to participants with any materials describing plan benefits (e.g., SPDs). Include the Grandfathered Plan Status Notice and the Patient Protection Notice, as applicable, in… Continue Reading

2013 Adjusted Limits for Archer MSAs

The limits for high deductible health plans for purposes of Archer MSAs have been adjusted for 2013.?á For self-only coverage, a high deductible health plan must have an annual deductible that is not less than $2,150 and not more than $3,200, and an annual out-of-pocket limit no greater than $4,300.?á For family coverage, a high deductible health plan must have an annual deductible that is not less than $4,300 and not more than $6,450, and an annual out-of-pocket limit no greater than $7,850.?á Rev. Proc. 2012-41 can be found?áhere.

October 2012
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