Industry Updates

Benefit Communications

IRS Announces HSA/HDHP Limits for 2018

Added on 07/31/2017 Download File

The IRS limits for HSA contributions and HDHP cost-sharing will all increase for 2018. The HSA contribution limits will increase effective Jan. 1, 2018, while the HDHP limits will increase effective for plan years beginning on or after Jan. 1, 2018.

September 2017 Benefits Buzz

Added on 08/31/2017 Download File

In the early morning hours of July 28, 2017, members of the U.S. Senate voted 49-51 to reject a “skinny” version of a bill to repeal and replace the Affordable Care Act (ACA), called the Health Care Freedom Act (HCFA).

Benefits Bulletin Q1 2018

Added on 12/29/2017 Download File

Employee Benefit Plan Limits Updated for 2018

Benefits Buzz February 2018

Added on 01/31/2018 Download File

On Dec. 22, 2017, the IRS issued a notice that delays the furnishing deadline for 2017 Affordable Care Act (ACA) reporting and President Donald Trump signed the tax reform bill, called the Tax Cuts and Jobs Act, into law, eliminating the individual mandate penalty beginning in 2019. This article briefly summarizes the implications of both of these actions.

Benefits Bulletin Q2 2018

Added on 03/28/2018 Download File

On March 5, 2018, the IRS released Revenue Procedure 2018-18 to announce changes to certain tax limits for 2018, including a reduced contribution limit for health savings accounts (HSAs).

Benefits Buzz April 2018

Added on 03/28/2018 Download File

The IRS has begun issuing letters to employers who are not offering health coverage to full-time employees. Under the Affordable Care Act’s (ACA) employer shared responsibility rule, applicable large employers must provide affordable health coverage to full-time employees or face stiff penalties.

HR/Safety Policies

IRS CONFIRMS ACA MANDATE PENALTIES STILL EFFECTIVE

Added on 08/08/2017 Download File

The Internal Revenue Service (IRS) Office of Chief Counsel has recently issued several information letters regarding the Affordable Care Act’s (ACA) individual and employer mandate penalties.

HR Brief April 2018

Added on 03/28/2018 Download File

The Fair Labor Standards Act (FLSA) requires employers to pay their employees for all hours they are “suffered or permitted to work.” These hours are known as “work hours” or compensable time.

Legal News & Compliance

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Code Sections 6055 & 6056—Electronic Reporting Process

Added on 08/31/2017 Download File

The Affordable Care Act (ACA) created reporting requirements under Internal Revenue Code (Code) Sections 6055 and 6056. Under these rules, certain employers must provide information to the IRS about the health plan coverage they offer (or do not offer) to their employees.

SENATE REJECTS EFFORTS TO REPEAL THE ACA

Added on 07/31/2017 Download File

In the early morning hours of July 28, 2017, members of the U.S. Senate voted 49-51 to reject a “skinny” version of a bill to repeal and replace the Affordable Care Act (ACA), called the Health Care Freedom Act (HCFA).
This was the final vote of the Senate’s 20-hour debate period, and effectively ends the Republicans’ current efforts to repeal and replace the ACA. However, the skinny repeal bill may be reintroduced at some point in the future.

2018 Open Enrollment Checklist

Added on 08/31/2017 Download File

To prepare for open enrollment, group health plan sponsors should be aware of the legal changes affecting the design and administration of their plans for plan years beginning on or after Jan. 1, 2018. Employers should review their plan documents to confirm that they include these required changes.

DRAFT FORMS FOR 2017 ACA REPORTING RELEASED

Added on 08/31/2017 Download File

On July 28, 2017, the Internal Revenue Service (IRS) released draft 2017 forms for reporting under Internal Revenue Code (Code) Sections 6055 and 6056.

Medicare Part D Notices Are Due by Oct. 14, 2017

Added on 08/31/2017 Download File

Each year, Medicare Part D requires group health plan sponsors to disclose to individuals who are eligible for Medicare Part D and to the Centers for Medicare and Medicaid Services (CMS) whether the health plan’s prescription drug coverage is creditable. Plan sponsors must provide the annual disclosure notice to Medicare-eligible individuals before Oct. 15, 2017—the start date of the annual enrollment period for Medicare Part D. CMS has provided model disclosure notices for employers to use.

NEW SBC TEMPLATE REQUIRED FOR 2018 OPEN ENROLLMENT

Added on 09/01/2017 Download File

The updated template and related materials for the summary of benefits and coverage (SBC) are required to be used for annual open enrollment periods beginning on or after April 1, 2017. For calendar year plans, this means that the updated template must be used for the 2018 open enrollment period.

HR Brief October 2017

Added on 10/02/2017 Download File

A federal judge struck down the Department of Labor (DOL) overtime rule, which would have raised the Fair Labor Standards Act (FLSA) minimum salary threshold from $23,660 to $47,476.