David M. Pixley
The President signed the Bipartisan Budget Act of 2015, which in part, repealed a provision of the Affordable Care Act (ACA). Under the ACA, employers with more than 200 full-time employees would have been required to automatically enroll new full-time employees in one of the employers’ health benefits plans. Implementation of ...
The President signed the Bipartisan Budget Act of 2015, which in part, repealed a provision of the Affordable Care Act (ACA). Under the ACA, employers with more than 200 full-time employees would have been required to automatically enroll new full-time employees in one of the employers’ health benefits plans. Implementation of ...
Lyndsey Barnett
As open enrollment season rolls along for most calendar year health plans, we know that you have enough to worry about without throwing another form into the mix. However, if you are a large employer (50 or more full-time equivalent employees) and you don’t require employees who waive coverage to sign a formal waiver, maybe ...
As open enrollment season rolls along for most calendar year health plans, we know that you have enough to worry about without throwing another form into the mix. However, if you are a large employer (50 or more full-time equivalent employees) and you don’t require employees who waive coverage to sign a formal waiver, maybe ...
Lyndsey R. Barnett
When I see the foliage changing every fall, it always reminds me of the IRS’s annual update to the retirement plan limits. The IRS adjusted most of the relevant limits last year (please ignore the reference in last year’s article about the Bengals disappointing – not this season!). This year, there was almost no ...
When I see the foliage changing every fall, it always reminds me of the IRS’s annual update to the retirement plan limits. The IRS adjusted most of the relevant limits last year (please ignore the reference in last year’s article about the Bengals disappointing – not this season!). This year, there was almost no ...
Jamie D. Scott
HIPAA privacy and security breaches have been a hot item in the news this year thanks to the publicity surrounding the Anthem hacks. All of the publicity has increased public awareness regarding HIPAA breaches and has put significant pressure on the Department of Health and Human Services’ Office of Civil Rights (“OCR” ...
HIPAA privacy and security breaches have been a hot item in the news this year thanks to the publicity surrounding the Anthem hacks. All of the publicity has increased public awareness regarding HIPAA breaches and has put significant pressure on the Department of Health and Human Services’ Office of Civil Rights (“OCR” ...
Like many other employers, there is a good chance you are currently focused on implementing open enrollment for next year. However, the end-of year notice season is rapidly approaching, and the Medicare Part D Creditable Coverage Notice is first on the list. You must issue this notice to all individuals enrolled or seeking to enroll in your ...
Lyndsey Barnett
There is a lot of confusion as to whether an employer with a Health Reimbursement Arrangement (“HRA”) must report the employees participating in the HRA on Form 1095. Part of the confusion stems from the fact that the IRS keeps changing its mind.
In the final draft of the 2015 Instructions for Forms 1094-B and 1095-B , the IRS ...
There is a lot of confusion as to whether an employer with a Health Reimbursement Arrangement (“HRA”) must report the employees participating in the HRA on Form 1095. Part of the confusion stems from the fact that the IRS keeps changing its mind.
In the final draft of the 2015 Instructions for Forms 1094-B and 1095-B , the IRS ...
Chris Allesee
Earlier this week, the American Bar Association released the transcript of its annual joint committee on employee benefits meeting with the IRS, and (no surprise), there were a few questions related to the Affordable Care Act. The meeting dates back to May, so the transcript does not break new ground, but it does include a good ...
Earlier this week, the American Bar Association released the transcript of its annual joint committee on employee benefits meeting with the IRS, and (no surprise), there were a few questions related to the Affordable Care Act. The meeting dates back to May, so the transcript does not break new ground, but it does include a good ...
Lyndsey R. Barnett
New Internal Revenue Code Sections 6055 and 6056 require that large employers (those with 50 or more full-time equivalent employees) and employers that sponsor self-funded group health plans file new IRS Forms 1094 and 1095 beginning in January 2016. A Form 1095 gets sent to all full-time employees regardless of whether ...
New Internal Revenue Code Sections 6055 and 6056 require that large employers (those with 50 or more full-time equivalent employees) and employers that sponsor self-funded group health plans file new IRS Forms 1094 and 1095 beginning in January 2016. A Form 1095 gets sent to all full-time employees regardless of whether ...
Chris Allesee
In a recent blog post, we talked about the value of knowing whether certain types of benefit programs are subject to ERISA’s Form 5500 filing requirements, including life insurance, accident, or disability coverage. It turned out to be auspicious timing, as the IRS Employee Plans Compliance Unit announced a new project
In a recent blog post, we talked about the value of knowing whether certain types of benefit programs are subject to ERISA’s Form 5500 filing requirements, including life insurance, accident, or disability coverage. It turned out to be auspicious timing, as the IRS Employee Plans Compliance Unit announced a new project
Jamie Scott
When the Pension Benefit Guaranty Corporation (PBGC) was created under ERISA in 1974, it charged every defined benefit plan a flat rate premium of $1 per plan participant. The premium was little more than a nuisance in 1974, but for 2015, the flat rate premium is $57 per participant and there is an additional variable rate premium of $24 ...
When the Pension Benefit Guaranty Corporation (PBGC) was created under ERISA in 1974, it charged every defined benefit plan a flat rate premium of $1 per plan participant. The premium was little more than a nuisance in 1974, but for 2015, the flat rate premium is $57 per participant and there is an additional variable rate premium of $24 ...