May 27, 2015

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Third Carrier Data Breach

2015 has become the year of the insurance carrier data breach, with Anthem’s massive breach reported in February and Premera BlueCross BlueShield’s breach, reported in March.  CareFirst BlueCross BlueShield added its name to that list by reporting on May 20 that it was the victim of a cyberattack.  Like the other carrier breaches, early indications […]

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May 27, 2015

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Compounding Pharmacies and Potential for Fraud

In the early days of pharmacy, compounding was a common practice.  Chemical ingredients were regularly combined to produce medicinal products.  This is even reflected in the mortar and pestle logo used by one of our major drug store chains. But in today’s world, almost all of our medications are manufactured by pharmaceutical companies.  Drug creation […]

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May 22, 2015

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New Breast Cancer Screening Recommendations Posed

Breast cancer is the second most common cancer diagnosed in women, after skin cancer. Breast cancer occurs in both men and women, although breast cancer in men is rare. The U.S. Preventive Services Task Force has issued a draft recommendation statement on screening for breast cancer. The Task Force is an independent, volunteer panel of […]

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May 14, 2015

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Premium Reimbursements: A Costly Mistake

Premium reimbursements – the mechanism by which an employer pays employees for their cost of obtaining individual health insurance – has been discouraged by the DOL and IRS for some time.  First, it’s important to distinguish a premium reimbursement plan from a Health Reimbursement Account (“HRA”), which is an IRS approved, employer-funded account that reimburses […]

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May 14, 2015

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2016 HSA Limits

Last week the IRS announced the 2016 contribution limits for health savings accounts (“HSA”).  For calendar year 2016, employees with self-only coverage may deduct $3,350 from income to contribute to HSAs; those with family coverage may deduct and contribute $6,750. HSAs may only be used in conjunction with a high deductible health plan.  For 2016, […]

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May 12, 2015

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Benefits administration and ACA recordkeeping concerns? We have your solution!

Have you been struggling to find a solution to simplify and streamline Benefits Administration?  Are you trying to find a way to manage recordkeeping and reporting associated with the Affordable Care Act (ACA) Requirements? At J.W. Terrill we have the solution!  It’s called benefitsLIVE, a turnkey system for online enrollment, education, administration and more. J.W. […]

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May 5, 2015

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ACA Reporting ABCs

“This is a very complicated case, Maude. You know, a lotta ins, lotta outs, a lotta what-have-yous. And, uh, a lotta strands to keep in my head, man. Lotta strands in the old Duder’s head.” (The Big Lebowski) Reporting compliance with the Affordable Care Act (“ACA”) is a very complicated issue with a lot of […]

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May 5, 2015

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National Stroke Awareness Month

The Mayo Clinic defines a stroke as the interruption of the blood supply to part of your brain, depriving brain tissue of oxygen and nutrients; this event causes brain cells to die within minutes.  Prompt treatment and early action can help minimize brain damage and complications. Would you know if you or someone close was […]

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April 21, 2015

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Attention Missouri Employers! The maximum fee for administering a garnishment has changed!

At one time, Missouri Revised Statute 525.230 allowed employers to charge employees who had a garnishment (other than child support) being deducted from their payroll checks a fee of  each check of eight dollars or two percent of the garnishment amount.  Effective January 15, 2015, Missouri Revised Statute 525.230 has changed to only allow a […]

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April 15, 2015

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Level Funding

The Affordable Care Act requires insurance carriers to use adjusted community rating to establish medical premiums each year.  Group medical plans with 2 to 50 employees experienced this change in 2014.  Adjusted community rating will be required for medical plans with 51 to 99 employees beginning in 2016. Community Rated means that all insured pay […]

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