2018 IRS Reportin Tip 1 – Reporting Offers of COBRA Coverage
Under the ACA, applicable large employers are required to offer health benefits to their full-time employees and report on the health coverage they offer.
Federal Tax Credit for Employer-Provided Paid Family and Medical Leave
The Tax Cuts and Jobs Act includes a new federal tax credit for employers that provide paid family and medical leave to their employees.
Business Deduction Elimnation for Mass Transit and Parking Benefits
The Tax Cuts and Jobs Act eliminates the business deduction for qualified mass transit and parking benefits starting in 2018.
Contraception Mandate Rolled Back for Employers
Interim Final Rules were released and became effective on October 6, 2017, allowing a greater number of employers to opt out of providing contraception to employees at no cost through their employer-sponsored health plan.
Compliance Recap – November 2017
November was a busy month in the employee benefits world.
President Trump Ends ACA CSRs
On the evening of October 12, 2017, President Trump announced that cost sharing reductions for low income Americans in relation to the Patient Protection and Affordable Care Act (ACA) would be stopped.
October 2017 Executive Order on Healthcare
The order directs various federal agencies to explore options relating to association health plans, short term limited-duration coverage, and health reimbursement arrangements, within the next 60 to 120 days.
IRS Releases Final forms and Instructions for 2017 ACA Reporting
Reporting is required by employers with 50 or more full-time (or full-time equivalent) employees, insurers, or sponsors of self-funded health plans, on health coverage that is offered.
What You Need to Know about Dependent Care Flexible Spending Accounts
A dependent care flexible spending account (DCFSA) is a pre-tax benefit account used to pay for eligible dependent care services.
The COBRA Payment Process
The COBRA payment process is subject to various rules in terms of grace periods, notification, premium payment methods, and treatment of insignificant shortfalls.
What You Need to Know about Health Flexible Spending Accounts
A health flexible spending account (FSA) is a pre-tax account used to pay for out-of-pocket health care costs for a participant as well as a participant's spouse and eligible dependents.
Determining COBRA Premiums
The Consolidated Omnibus Budget Reconciliation Act of 1985 (COBRA) allows qualified beneficiaries who lose health benefits due to a qualifying event to continue group health benefits.