Potomac’s 3rd Annual Winter Coat Drive

    Potomac Companies and clients collected coats and hats, scarves, mittens, gloves, boots, and blankets in their 3rd Annual Winter Coat Drive.  Winter clothing is being donated to the Interfaith Works Clothing Center in Montgomery County, Maryland.   Thank you everyone for your generosity this winter! This post and project was created by Summer 2019 intern Peter Pietri as... Read More

Maryland Contraceptive Equity Act: IRS Grants Transition Relief, Male Sterilization is Not Preventive

The IRS announced in Notice 2018-12 that health plans providing benefits for male sterilization or male contraceptives without a deductible, or with a deductible below the minimum deductible for a high deductible health plan (HDHP) are NOT considered HDHPs.  Individuals with plans treating male sterilization procedures as a preventive benefit will be offered transition relief until 2020.  These individuals will... Read More

Maryland Sick and Safe Leave (2018)

Maryland Healthy Working Families Act 2018 Effective February 11, 2018, with legislation pending to delay the Act until July 1, 2018, the state of Maryland implemented a paid leave act for companies with 15 or more employees.  As of 2/11, it will: Affect employers with 15 or more employees, including full-time, part-time, temporary, seasonal, are subject to collective bargaining agreements Does... Read More

CareFirst 2018 Contraceptive Benefit Changes for Maryland and Virginia

In compliance with Maryland and Virginia state mandates, effective January 1, 2018 upon renewal, the following changes to contraceptive benefits will apply. Maryland House Bill 1005 (Contraceptive Equity Act) requires health insurers to: Provide coverage for a single dispensing of up to a six-month supply for covered, FDA approved, prescription contraceptives. Apply no out-of-pocket costs for over-the-counter emergency contraceptives purchased... Read More

100 Coats Gathered by Potomac Companies and Clients in 1st Annual Coat Drive

Potomac Companies and clients gathered a total of 100 new and "in great condition" coats and jackets (along with hats, scarves, mittens, and gloves) to benefit the Interfaith Works Clothing Center.  The Interfaith Works Clothing Center in Rockville provides low-income families with clothing and home goods free of charge, allowing them to use more of their resources on food, rent,... Read More

Maryland Employers: Clarification on Maryland’s Required Coverage of Male Sterilization and High Deductible Health Plans

Effective 1/1/2018, Maryland's Contraceptive Equity Act requires all health insurance carriers to cover male sterilization (vasectomy) procedures as preventative care, thus excluding these procedures from deductibles. However, this deductible prohibition is suspended for high deductible health plans (HDHP).  Otherwise, insurers and nonprofit health service plans providing coverage for male sterilization under individual, group, or blanket health insurance policies or contracts... Read More

Employers with Employees Residing in Maryland and 1040 Health Coverage Reporting

Maryland employers are required to notify their employees that they may qualify for State and Federal Earned Income Tax Credits (EITC). This notice is necessary for your employees to prepare their 2017 taxes.   The notice must be in electronic or written format and include the following statements: 1. This employee may be eligible for the Federal and State Earned... Read More

Maryland Insurance Administration Approved Average Premium Increases for BCBS HMO and PPO Plans for Individual Market

The Maryland Insurance Administration Approves Non-Medigap Premium Rates for 2018 Small Group and Individual Markets    The Maryland Insurance Administration (MIA) approved premium increases at the end of August for individual (non-group) products, effective January 1, 2018.  CareFirst BlueChoice HMO products will have premium increases up to 34.5% and BlueCross PPO products will have premium increases up to 49.9%.  The... Read More