The IRS recently provided notice 2020-44 announcing the new PCORI fees for plan years from October 2019 through October 2020. The new fee is an increase of $0.09, from $2.45 to $2.54. While this amount is important to know, it is essential to understand what PCORI fees are and how they affect your ACA Employer Reporting.

PCORI Basics

PCORI stands for Patient-Centered Outcomes Research Institute. The Patient-Centered Outcomes Research Trust Fund fee is a tax on issuers of specified health insurance policies and plan sponsors of applicable self-insured health plans. It assists in funding the institute. Imposed by §§ 4375 and 4376 of...

As Medcom Benefit Solutions begins to slowly return to the office, we hope to share some of our best practices and tips to make your re-opening process as safe and efficient as possible. Employee stress may increase significantly when returning to the office, so we hope this blog helps your business provide a safe and inviting workplace for them to return.

Below we have listed several ways to improve the cleanliness of your work environment and new guidelines for employees to follow.

Work Environment Safety Measures  Provide disinfecting wipes for employees to clean their...

Happy, Happy World Environment Day! Since 1974, June 5th of every year has been a day to celebrate and encourage awareness and action for the protection of our environment. It began as a campaign for raising awareness around emerging environmental issues such as marine population, human overpopulation, and others. It was celebrated for the first time on the first day of the Stockholm Conference on the Human Environment. Since then, it has become a platform for public outreach, and now 143 countries across the world participate annually. 

The 2020 theme of World Environment Day is Biodiversity. That...

Earth Charter International (ECI) is offering a brand-new class called “Business and Ethical Leadership for Sustainability.” Earth Charter International has an education center that helps to equip those that take their courses with the ability to see things and connect them to sustainability. The Earth Charter is a document curated for people to agree to work together to create a more just, more sustainable planet. The Earth Charter consists of four main pillars that can sum up the intentions of the document. The pillars are: Respect and Care for the Community of Life; Ecological Integrity; Social...