Categorized as: Blog

Improve your 2019 Compliance Outlook – Tips, Tricks & the Dirty Dozen

Webinar: Improve your 2019 Compliance Outlook – Tips, Tricks & the Dirty Dozen When: Thursday December 13th Time: 12 pm EST Cost: Free Register Now! This webinar is pre-approved for HRCI & SHRM Credits! Join AP Benefit Advisors’ (an AssuredPartners’ Company) General Counsel and VP of Compliance, Patrick Haynes, Esq., for this complimentary, one-hour webinar as he reviews this upcoming year’s compliance tips, tricks and tools of the trade. Topics include: • ACA Limits – Changes to Out-of-Pocket Maximums, HDHP/HSA interaction, Affordability Increases, etc. • Review the EEOC’s and Courts’ ongoing litigation over wellness plans, smoking cessation efforts, etc. • Association…

HRA Expansion – New Regulations to Expand HRA Use

The Departments (IRS, DOL, and HHS) have jointly proposed regulations in response to President Trump’s executive order directing the agencies to consider regulations or guidance that would expand the availability and permitted use of HRAs (Health Reimbursement Arrangements), allowing HRAs to be used in conjunction with non-group coverage. Most experts see this as a non-starter, since post-ACA all non-retiree HRAs have to be bundled with a major medical plan to pass the stringent ACA-requirements. Let’s review the highlights associated with these new regulations: HRAs Funding Individual Health Insurance – The proposed regulations would allow HRAs to be integrated with, and…

Extended Deadline & Penalty Relief for ACA Reporting under Section 6055 & 6056

The IRS has extended the deadline for furnishing individual statements under Sections 6055 and 6056 for 2018 and has also extended good-faith transition relief from penalties related to 2018 information reporting under Sections 6055 and 6056. Notice 2018-94 extends the due dates for certain 2018 information reporting requirements for insurers, self-insuring employers, and certain other providers of minimum essential coverage under section 6055 and for applicable large employers under section 6056. Specifically, this notice extends the due date for furnishing to individuals the 2018 Form 1095-B, Health Coverage, and the 2018 Form 1095-C, Employer-Provided Health Insurance Offer and Coverage, from…

IRS Announces 2019 Contribution Limits for Health Care FSAs and Qualified Transportation Plans

Today, the Internal Revenue Service announced the tax year 2019 annual inflation adjustments for more than 60 tax provisions, including the tax rate schedules and other tax changes (generally referred to as cost-of-living increases). Revenue Procedure 2018-57 provides details about these annual adjustments. The 2019 tax items of greatest interest to our clients that are employers and plans sponsors include: Annual Healthcare Flexible Spending Account (FSA) contribution limits will increase $50 from the current amount of $2,650 to $2,700. Monthly limit for transit and parking will increase $5 from the current amount of $260 to $265. Annual maximum reimbursement for…

PCORI Fees Last Installment

Applies to: Self-Insured Health Plans, including HRAs & FSAs Employers who sponsor self-insured health plans must pay their annual Patient-Centered Outcomes Research Institute (PCORI) fees by July 31. PCORI fees are reported and paid annually using IRS Form 720 (Quarterly Federal Excise Tax Return). The applicable PCORI fee you pay each July is based on when your plan year ended. $2.26 for plan years ending between January 1, 2017 – September 30, 2017 $2.39 for plan years ending between October 1, 2017 – December 31, 2017 $2.45 for plan years ending on/after October 1, 2018, but before October 1, 2019…

NY Sexual Harassment Prevention Laws

Effective on October 9, 2018, New York State and New York City legislators passed a number of new initiatives for sexual harassment prevention laws in response to the #MeToo Movement and increased allegations of sexual harassment in the workplace. The new laws require various provisions for employee communications, training and several dates for compliance. Overlap exists between both laws, so employers are encouraged to review and consider all requirements when establishing new policies, training programs and employee communications. The New York City Act addresses 11 separate bills and is categorized as being one of the strictest anti-sexual harassment laws in…

What’s Happening in Washington? Current Employee Benefits Issues at the Federal Level

Webinar: What’s Happening in Washington? Current Employee Benefits Issues at the Federal Level When: Tuesday October 23rd  Time: 3 pm EDT Cost: Free Register Now! This webinar is pre-approved for HRCI & SHRM Credits! Please join AssuredPartners and our guest presenters, Scott Sinder, Esq. and Kate Jensen, Esq. from the Washington DC office of the law firm Steptoe & Johnson PLLC, as we look at the recent employee benefit issues being tackled by the Federal government. The webinar will cover association health plans (AHPs) in some depth, including the recently-finalized federal rule on AHPs, the regulatory/legal landscape in the States, and…

3rd Quarter Newsletter of 2018

Below please find our Compliance Observer Newsletter for the 3rd quarter of 2018. This newsletter contains information on many employee benefits compliance issues. The following articles, information, and important reminders are contained in this Newsletter: -Medicare Part D Notices -Summary Annual Reports Due -ACA Reporting -Affordable Health Plans in 2019 -Exchange Model Notice -New Model FMLA Forms -Health FSA Carryovers -Employers Not Required to Provide Specific Requested Reasonable Accommodations -MLR Rebates -Federal Court Approves $115 Million Settlement -Save American Workers Act of 2018 Compliance Observer Newsletter- 3rd Quarter 2018

House Passes Enhanced HSA Bills

In late July the House of Representatives adopted two healthcare bills that, among other things, allow for more flexibility surrounding how healthcare consumers can spend their savings for medical related expenses, including expanding how Health Savings Accounts (HSAs) may be used and increasing the maximum contribution limits to these accounts. The bills, H.R. 6199 and H.R. 6311, expand tax-advantage health care accounts, inclusive of HSAs, Flexible Spending Accounts (FSAs), and Health Reimbursement Arrangements (HRAs). These bills are broader than the versions passed by the House Ways and Means Committee recently, as they also include aspects of other bills that had…

Voluntary Benefits: Best Practices for Communication and Enrollment

Webinar: Voluntary Benefits: Best Practices for Communication and Enrollment When: Wednesday August 22nd Time: 2 pm EDT Cost: Free Register Now! This webinar is pre-approved for SHRM Credits! What are employers doing to stay on the cutting edge to ensure that employees fully leverage their benefits offering? There are several tools to achieve this while making the process proactive and engaging. We will review industry standards from employee polls regarding open enrollment processes to make sure the information is simple and clear as well as enrollment studies from our carrier partners to help re-invent the enrollment experience. With early campaigning, clear…