Compliance Recap April 2018

Posted by Matt Schwartz on Wed, May 16, 2018 @ 09:05 AM

April was a busy month in the employee benefits world. The Internal Revenue Service (IRS) modified the 2018 health savings account (HSA) family contribution limit back to $6,900.

Read More

Topics: Compliance Issues, Affordable Care Act, Employee Benefits

Proposed FAQs About Mental Health & Substance Use Disorder Parity

Posted by Matt Schwartz on Fri, May 4, 2018 @ 08:05 AM

The U.S. Departments of Labor (DOL), Health and Human Services (HHS), and the Treasury (collectively, the “Departments”) released proposed FAQs About Mental Health and Substance Use Disorder Parity Implementation and the 21st Century Cures Act Part XX.

Read More

Topics: Compliance Issues, Affordable Care Act, Employee Benefits

Understanding Your Client's IRS Play-or-Pay Penalty Assessment Letter

Posted by Matt Schwartz on Wed, Mar 21, 2018 @ 08:03 AM

Recently, you may have received a call from your client regarding a letter received from the Internal Revenue Service (IRS) stating that your client may owe money because it either didn’t offer health coverage to enough of its full-time employees, or the health coverage that it offered wasn’t affordable or minimum value.

Read More

Topics: Compliance Issues, Affordable Care Act, Employee Benefits

Compliance Recap January 2018

Posted by Matt Schwartz on Fri, Feb 9, 2018 @ 12:02 PM

January was a busy month in the employee benefits world. On January 24, 2018, the U.S. Senate confirmed Alex Azar as the new Secretary of the U.S. Department of Health and Human Services (HHS).

Read More

Topics: Compliance Issues, Affordable Care Act, Employee Benefits

IRS Reporting Tip 2 - 2017 Plan Year Form 1094-C, Line 22

Posted by Matt Schwartz on Thu, Jan 18, 2018 @ 13:01 PM

Under the Patient Protection and Affordable Care Act (ACA), individuals are required to have health insurance while applicable large employers (ALEs) are required to offer health benefits to their full-time employees.

Read More

Topics: Compliance Issues, Affordable Care Act, Employee Benefits

2018 IRS Reporting Tip 1 - Reporting Offers of COBRA Coverage

Posted by Matt Schwartz on Wed, Jan 17, 2018 @ 15:01 PM

The Consolidated Omnibus Budget Reconciliation Act (COBRA) requires employers to offer covered employees who lose their health benefits due to a qualifying event to continue group health benefits for a limited time at the employee's own cost.

Read More

Topics: Compliance Issues, Affordable Care Act, Employee Benefits

Compliance Recap December 2017

Posted by Matt Schwartz on Thu, Jan 11, 2018 @ 08:01 AM

December was a relatively busy month in the employee benefits world.

Read More

Topics: Compliance Issues, Affordable Care Act, Employee Benefits

DOL Issues Proposed Regulations Regarding Association Health Plans

Posted by Matt Schwartz on Tue, Jan 9, 2018 @ 08:01 AM

On January 5, 2018, the Department of Labor's (DOL) Employee Benefits Security Administration (EBSA) which oversees Title I of the Employee Retirement Income Security Act (ERISA) issued a proposed rule which would broaden the definition of "employer."

Read More

Topics: Compliance Issues, Affordable Care Act, Employee Benefits

IRS Delay in 6055 and 6056 Reporting for 2018

Posted by Matt Schwartz on Tue, Jan 2, 2018 @ 16:01 PM

Under the Patient Protection and Affordable Care Act (ACA), individuals are required to have health insurance, while applicable large employers (ALEs) are required to offer health benefits to their full-time employees.

Read More

Topics: Compliance Issues, Affordable Care Act, Employee Benefits

Health Insurance Reform: Predictions for 2018

Posted by Matt Schwartz on Wed, Dec 27, 2017 @ 10:12 AM

Trying to predict what will happen in 2018 with health insurance reform is a bit like trying to predict the weather – quite often you will end up being more wrong than right.

Read More

Topics: Affordable Care Act, Employee Benefits