Viewing posts from: March 2010

AP Benefit Advisors to Host Webinars on Health Care Reform

Posted March 30, 2010 by admin

AP Benefit Advisors’ Compliance Chronicles:
A Webinar on Health Care Reform – Your Timeline, Action Items and What Change means to you/your employees

Tuesday, April 6, 2010 @ 10:00 a.m. EDT
Click here to go to the webinar meeting site.

Thursday, April 8, 2010 @ 2:00 p.m. EDT
Click here to go to the webinar meeting site.

Looming Medicare Pay Cuts May Be Unavoidable, Says AAFP

Posted March 28, 2010 by admin

By John Commins, for HealthLeaders Media

A leading primary care physicians association is warning its members that Congress, bogged down by partisan squabbling, may not be able to delay the 21.2% cuts to Medicare reimbursements that go into effect Thursday.

“The physician payment extension has been caught up in much larger issues of unemployment insurance and the federal deficit,” Kevin Burke, lead lobbyist for the American Academy of Family Physicians, said in a media release. “But while Congress is mired in its partisan battles, family physicians are faced with drastically reduced payments now and administrative nightmares in the near future.” (more…)

PBM Compensation Reportable on Form 5500

Posted March 1, 2010 by admin

Spencer’s Benefits Reports

Welfare Plan Fees Paid To PBMs Are Reportable Direct Compensation For Form 5500 Schedule C

In recently released Supplemental frequently-asked questions about the 2009 Schedule C, the DOL also stated that rebates or discounts that the PBM receives from drug makers are not reportable indirect compensation for Schedule C, unless the plan agreement with the PBM cedes the rebates and discounts to the PBM as part of its compensation.


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