by Jim Beatrice | May 29, 2020 | Employee Benefits, Employer Guidance, Recommended Articles
The IRS released two notices (2020-29 & 2020-33) providing relief on cafeteria plan election rules and increasing the allowed health FSA carryover. These notices are not an employer requirement, rather options to consider. Keep in mind that if you want to adopt... by Angel Carrier | May 22, 2020 | Employee Benefits, Health Care Reform, Recommended Articles
What is the PCORI Fee? The Affordable Care Act established the Patient-Centered Outcomes Research Institute (PCORI) to explore the effectiveness, risks and benefits of medical treatments. The fees were originally scheduled to be collected for plan years and policy... by Geralyn Isler | May 20, 2020 | Employee Benefits, Employer Guidance, Recommended Articles
On May 4, 2020, the IRS and DOL issued a joint Notice extending various timelines that apply to COBRA elections and premium payments. The extensions are retroactive back to March 1, 2020. The extensions will be effective throughout the National Emergency and will end... by Geralyn Isler | May 1, 2020 | Employee Benefits, Recommended Articles
Included in the Coronavirus Aid, Relief, and Economic Security (CARES) Act that was signed into law on March 27, 2020 is the restored ability to use HSAs, FSAs and some HRAs to purchase certain over- the- counter drugs and medications, like aspirin and other pain... by Jim Beatrice | December 20, 2019 | Employee Benefits, Health Care Reform, Recommended Articles
As reported by National Association of Health Underwriters, Congress has voted to fully repeal the Cadillac (excise) Tax and the Health Insurance Tax. The legislation fully repeals the Cadillac Tax and repeals the HIT effective January 1, 2021, which means the... by Geralyn Isler | December 13, 2019 | Employee Benefits, Employer Guidance, Wellness at Work
Depression, anxiety, and other mental illnesses carry a workplace stigma that cause many employees to suffer in silence rather than to seek help. Many employees struggling with mental health issues have expressed anxiety about the possibility of losing their jobs due... by Geralyn Isler | December 5, 2019 | Employee Benefits, Employer Guidance, Health Care Reform, Recommended Articles
Employer reporting requirements and penalties for non-compliance have largely remained the same even though the individual penalty payment is no longer applicable. Forms 1094/1095-B (B Forms) and Forms 1094/1095-C (C Forms), and related instructions, for the 2019... by Geralyn Isler | November 10, 2019 | Employee Benefits, Employer Guidance
The IRS increased the dollar limit on employee salary reduction contributions under the health Flexible Spending Account (FSA) to $2,750. The dependent care limit remains $5000. by Geralyn Isler | July 23, 2019 | Employer Guidance, Health Care Reform, Medicare & Individual
On July 17, 2019 the IRS issued guidance expanding the preventive care benefits that can be provided by a high-deductible health plan (HDHP) and remain qualified for HSA eligibility. Ordinarily the HSA rules do not allow for preventive care for services or benefits... by Lee Arkenau | July 11, 2019 | Medicare & Individual
The government provides minimum coverage under original Medicare (Parts A & B). Patients enrolled in Medicare alone are at risk for large medical bills with no maximum out-of-pocket protection for covered expenses. One solution for protecting from these...
