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Tag Archives: Insurance

Benefits of Health Insurance

  Provided to you by Hoffman Insurance Group, LLC This is not intended to be exhaustive nor should any discussion or opinions be construed as legal advice. Readers should contact legal counsel for legal advice.

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Memorial Day

We are happy to share a well put together video that displays such bravery and pride. We do not own the rights to this video. It is being shared from @military.videoz account on the user application TIKTOK. Provided to you … Continue reading

Posted in Commercial Insurance, Government, Health Insurance, Insurance Agent, Local events, Memorial Day, Personal Insurance, Sugar Land Insurance, workplace | Tagged , , , , , , | Comments Off on Memorial Day

IRS Releases Updated Form 720 Used For PCORI Fee Payments

As we recently reported, on June 8, 2020, the IRS released the applicable PCORI fee for plan years ending between October 1, 2019 and September 30, 2020.  As we indicated in that alert, an updated Form 720 had not yet … Continue reading

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Agencies Extend Deadline to Pay COBRA Premiums

Extend Certain Other ERISA and Internal Revenue Code Deadlines Due to COVID-19 The impacts of the COVID-19 National Emergency, as declared by President Trump on March 13, 2020, have been vast.  As a result, many employers and employees are struggling … Continue reading

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Payment and Grace Period Flexibilities Announced

The Centers for Medicare & Medicaid Services (CMS) posted guidance on Payment and Grace Period Flexibilities for Issuers Offering Coverage on the Federally-facilitated Exchanges and State-based Exchanges on the Federal Platform. Under the newly released guidance, CMS announced that it … Continue reading

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CMS Extends Transition Relief for Non-Compliant Plans through 2021

On January 31, 2020 the Centers for Medicare & Medicaid Services (CMS) announced a one-year extension to the transition policy (originally announced November 14, 2013 and extended six times since) for individual and small group health plans that allows issuers … Continue reading

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The Coronavirus is Getting Worse

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IRS Increases Health FSA Contribution Limit for 2020, Adjusts Other Benefit Limits

On November 6, 2019, the Internal Revenue Service (IRS) released Revenue Procedure 2019-44, which raises the health Flexible Spending Account (FSA) salary reduction contribution limit by $50 to $2,750 for plan years beginning in 2020. The Revenue Procedure also contains … Continue reading

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IRS Releases Guidance for Employers Offering Individual Coverage HRAs

On September 27, the Internal Revenue Service (IRS) released proposed regulations on the application of the Affordable Care Act’s (ACA) employer shared responsibility provisions to a new type of Health Reimbursement Arrangement (HRA) available starting in 2020.  In June 2019, … Continue reading

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Benefits 101 – Intro to Group Health

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