Innovo Benefits Group is a proud supporter of Amani, and our team has been inspired by Amani's commitment to providing these children with the opportunity for a brighter future. To that end, Innovo has pledged a three-year commitment to support the sustainability of Amani Kids’ mission. This long-term commitment allows Amani to plan and execute their projects more effectively, knowing they have a reliable partner in Innovo Benefits Group. After just one year of support, Innovo’s partnership with Amani has yielded some remarkable results.
A ballot question in Massachusetts during the 2022 election asked voters whether to require at least 83 percent of dental insurance premiums to be spent on patient care. Voters overwhelmingly supported this new law — causing at least one insurer to leave the state’s dental insurance marketplace.
Many employers recognize the importance of promoting mental health and wellness in the workplace and have increasingly acknowledged the impact of mental well-being on employee productivity and overall job satisfaction. Recently, these benefits have become more accessible to employees through mental health apps, telehealth, and the availability of employee assistance programs (EAPs).
"As a board member of the Massachusetts Health Connector, I'm proud to have supported these efforts to protect access to no-cost, high-value preventive services for all Massachusetts residents. Regardless of mandates at the federal level, the State of Massachusetts can protect healthcare coverage for its residents and continue to be a leading state in healthcare coverage," said Innovo Benefits Group President Eric P. Gulko, J.D.
Employers now have a relatively new and increasingly popular option for empowering their workforce to make positive lifestyle choices and take control of their better physical, emotional, and mental health.
On Dec. 12, 2022, the IRS released a final rule that extends the annual furnishing deadlines for Sections 6055 and 6056 reporting under the Affordable Care Act (ACA). This rule finalizes guidance that was proposed by the IRS in December 2021 with minor clarifications.
Massachusetts employers with six or more employees must annually submit a health care coverage reporting form, referred to as the Health Insurance Responsibility Disclosure (HIRD). The HIRD form has been available to be filled out electronically starting Nov. 15, and must be completed by Dec. 15, 2022.
Whether you’re in open enrollment now or gearing up for it, here are some important topics to think through. Time is of the essence, so if you have questions or concerns about your current plan, reach out to Innovo for immediate help.