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VCG’s VANTAGE
A view into the latest Benefits and HR topics

A Dramatic Shift in Health Care Pricing Transparency

Authors: |September 3rd, 2019|Administration, Communications, Decision Making, In The Know, Technology|

The Issue: On June 24, 2019, President Trump signed an executive order, which instructed the Department of Health and Human Services to publish rules requiring hospitals to publicly disclose their negotiated rates for services. On August 9, 2019, proposed rules were published by the Centers for Medicare and Medicaid Services ("CMS"). The Situation: The proposed rules require hospitals [...]

IRS Extends ACA Reporting Deadline (Again)

Authors: |December 4th, 2018|Administration, Benefits, Communications, Compliance, In The Know, Technology|

In the recently released Notice 2018-94, the IRS provided reporting relief for employers for the 2018 calendar year.  Here are the key points. The due date for providing Forms 1095-C or 1095-B to employees and individuals is extended 32 days to March 4, 2019 Despite the extension, the IRS is encouraging reporting entities to furnish [...]

When Can SPDs and Participant Notices be Distributed Electronically?

Authors: |August 23rd, 2018|Administration, Benefits, Communications, Compliance, In The Know, Technology|

Summary Plan Description (SPD) is a document that employers are required to give to employees in retirement plans or health benefit plans covered by ERISA.  The SPD is simply a summary of the plan document required to be written in such a way that the participants of the benefits plan can easily understand it. Employers [...]

U.S. News Best Hospitals Rankings 2018-2019

Authors: |August 22nd, 2018|Administration, Benefits, Decision Making, In The Know, Technology, Workplace Wellness|

On August 14th, U.S. News and World Report released their annual top hospitals rankings. The top five nationally were: Mayo Clinic, Rochester, MN Cleveland Clinic Johns Hopkins Hospital, Baltimore Massachusetts General Hospital, Boston University of Michigan Hospitals-Michigan Medicine Ann Arbor They also reported regional rankings for 200 metropolitan areas and the top five hospitals in selected [...]