Insights and News

Reminder: Medicare Part D Disclosures Due By February 29, 2020 For Calendar Year Plans

Group health plan sponsors are required to complete an online disclosure form with the Centers for Medicare & Medicaid Services (CMS) on an annual basis and at other select times, indicating whether the plan’s prescription drug coverage is creditable or non-creditable. This must be completed online within 60 days after the beginning of the plan year. For calendar year plans, the disclosure is due by February 29, 2020.

read more

Cadillac Tax and Other Key ACA Taxes Repealed

President Trump recently signed a spending bill preventing a government shut-down and repealed the following three taxes and fees under the Affordable Care Act (ACA):
• Cadillac Tax on high-cost group health coverage, beginning 2020;
• Medical Devices Excise Tax, beginning in 2020; and
• Health Insurance Providers Fee, beginning in 2021
Importantly, the bill also extended the Patient-Centered Outcomes Research Institute (PCORI) fee to years 2020 to 2029.

read more

Health FSA Limit Will Increase for 2020 

For plan years beginning in 2020, employer-sponsored medical coverage will be considered affordable if the employee’s contribution for self-only coverage on an employer’s lowest cost medical plan (if more than one medical plan is offered) does not exceed 9.78% of the employee’s household income for the year.

read more

Cobbs Allen Forms CAC Specialty to Serve Corporates and Private Equity Sponsors

Cobbs Allen today announced the formation of CAC Specialty, a specialty insurance brokerage and investment banking platform that will bring bespoke insurance solutions to public and private companies and private equity sponsors. CAC Specialty represents the next wave in the long-term convergence of insurance and capital markets by combining structured finance solutions with insurance broking capabilities.

read more

 

Cobbs Allen is a national independent agency focused on risk management in niche practice groups. We deliver commercial insurance, employee benefits, personal insurance, and alternative risk financing services to our clients. Headquartered in Birmingham, AL, the firm is ranked in the top 100 of privately held brokerage firms and the top 100 of all U.S. brokerage firms.

 

Birmingham

115 Office Park Drive
Suite 200
Birmingham, AL 35223
205-414-8100

Gadsden

305 S 5th Street
Gadsden, AL 35901
205-414-8100 

Houston

2121 Sage Road
Suite 145
Houston, TX 77056
832-925-4989

Kansas City

4149 Pennsylvania
Suite 202,
Kansas City, MO. 64111
913-267-5600

New Orleans

909 Poydras
Suite 2260
New Orleans, LA 70112
504-322-4927

© 2024 cobbsallen.com | All Rights Reserved  |  Privacy Policy