Month: January 2025
Medicare Part D Creditable Coverage Disclosure Due to CMS by March 1, 2025, for Calendar Year Plans
The Medicare Modernization Act (MMA) established annual notification requirements for employer-sponsored group health plans with prescription drug coverage. Per the MMA, employers sponsoring these plans are required to disclose annually the creditable status of the plan to The Centers for Medicare and Medicaid Services (CMS). This disclosure is due to...
Read More
National Philanthropy Day Award 2024
National Philanthropy Day was an amazing event put on by Association of Fundraising Professionals, New Jersey Chapter! Celebrating truly inspiring people in the heart of our South Jersey community! Innovative Benefit Planning was incredibly grateful to be recognized and joined by our community partners at the National Philanthropy Day Awards...
Read More
ACA Reporting Amendments Apply to Upcoming Reporting
President Biden signed two bills, Employer Reporting Improvement Act and the Paperwork Burden Reduction Act, into law which provide helpful updates to the Affordable Care Act’s (ACA) reporting requirements under Internal Revenue Code (IRC) Sections 6055 or 6056. The amendments are in effect for the 2024 reporting, which is due...
Read More
