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Dear Brooks Financial Group (BFG) Family,

Patient First Now Offering Telehealth Services

Patient First is now bringing Physician consultations to you through Telehealth services.

Telehealth is currently available to patients in Maryland, Virginia, Pennsylvania, and New Jersey. If you live in one of those states, have been treated at a Patient First facility within the past five years, and are at least 18 years old, you can speak with a Patient First Physician through your smartphone, tablet, or computer.

The IRS Releases Two New Healthcare Notices

Dear Brooks Financial Group (BFG) Family,

 

On May 12, the IRS released two notices allowing employees during 2020 to make changes to their enrollments in employer-sponsored health plans, and to adjust pre-tax contributions to health flexible spending accounts (FSAs) and dependent care flexible spending accounts (Dependent Care FSAs).

Telehealth and Virtual Care During COVID-19

We would like to share important information regarding Telehealth and Virtual Care.  During the COVID-19 pandemic, most insurance carriers are providing these services under the Affordable Care Act's (ACA) Preventative Care Benefits, with no cost to the member. 

New Rule Extends Deadlines Under the ERISA and Internal Revenue Code

On April 28, 2020, the Department of Labor issued a rule that extends many deadlines under the Employee Retirement Income Security Act (ERISA) and the Internal Revenue code. This rule impacts group health plans, disability and other welfare plans, pension plans, and participants and beneficiaries of these plans during the COVID-19 national emergency.

Below is a summary of the primary changes regarding how this rule applies to plans.

Changes the CARES Act is Making to HSAs, FSAs, and HRAs

On March 27, 2020, President Trump signed into law the Coronavirus Aid, Relief, and Economic Security Act (CARES Act). This law brought a variety of relief measures aimed to aid in the fight against COVID-19. This communication will focus on the changes to Health Savings Accounts (HSAs), Flexible Spending Accounts (FSAs) and Health Reimbursement Arrangements (HRAs).  

Relaxed Insurance Eligibility Requirements and Extended Relief Period

The unpredictability of the current COVID-19 situation is complex, and Brooks Financial Group (BFG) understands how stressful that can be during these difficult times. Many employers are faced with limiting hours and furloughing employees. The insurance carriers want to remain flexible and accommodating. As such, many insurance carriers are relaxing eligibility requirements during this crisis and are establishing an extended relief period until May 31, 2020.

Carefirst COVID-19 Information

March 26, 2020

In addition to directly impacting the health and safety of thousands, the COVID-19 outbreak is contributing to widespread interruption and loss of income for individuals and businesses across the country. During this challenging time, CareFirst is committed to ensuring that our members’ policies are not cancelled for nonpayment of premium and there is flexibility in eligibility requirements in order to reduce barriers to care.

Benefit Notices Electronic Distribution Guidelines


Do you use electronic media to send employee benefit plan notices, including health plan notices, required SOBCs, ACA Exchange Notices, etc.?

Did you know that the Department of Labor (DOL) has regulations under which employers may use electronic means to distribute certain documents to employees?

2020 ACA To-Do Lists for Fully Insured Plans

As part of our continued due diligence to assuring your benefit plans and processes are compliant, the 2020 ACA To-Do List for Small Fully Insured Plans and the 2020 ACA To-Do List for Large Fully Insured Plans summarize the key requirements that apply to small or large fully insured health plans.