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Thursday, November 9, 2017
The IRS has announced to plans to start collecting 4980H payments from employers for the 2015 plan year. Payments due are associated with the employers’ failure to meet the requirements of the Affordable Care Act.
Tuesday, October 24, 2017
In Revenue Procedure 2017-58, the IRS sets forth a variety of 2018 adjusted tax limits. Among other things, the notice addresses slightly increased limits for employee contributions toward health flexible spending accounts (FSAs).
Friday, October 20, 2017
It’s a time of stress – violence in our communities, natural disasters, political uncertainty, and personal issues are on everyone’s minds. All this, coupled with geographical distances separating people from family and friends, many individuals are turning to their furry friends for support.
Thursday, October 19, 2017
For the sixth year in a row, employers who sponsor an insured group health plan may be receiving a Medical Loss Ratio (MLR) rebate from their insurers. Self-funded medical benefit plans are not subject to these requirements. The rebates raise several fundamental questions for employers, including: How much (if any) of the rebate must be […]
Wednesday, October 18, 2017
We all remember the first email we received from a “foreign dignitary” offering us a ridiculous sum of money in exchange for paying a small amount of taxes, claiming the funds had come from an unknown distant relative.
Tuesday, October 17, 2017
There has been a significant uptick in the number of new apartments under construction in the Northwest and there has been speculation over time about whether owners will start to convert some of these properties from apartments to condominiums. As we see this conversation happening more frequently, we wanted to offer some advice on the potential […]
Tuesday, October 17, 2017
On October 6, the Department of Health & Human Services (HHS) released two separate interim final rules, with immediate effective dates, broadening the religious or moral exceptions to the general ACA rule requiring that group health plans offer contraceptive coverage with no cost-sharing. The rules were provided in response to President Trump’s executive order issued […]
Monday, October 16, 2017
President Trump has signed an executive order instructing regulatory agencies to draft new rules permitting the creation of “association” health plans, expanding Health Reimbursement Accounts (HRAs), and extending the time for which coverage can be offered under short-term health insurance policies. It is important to note that the executive order only instructs the regulatory agencies […]
Friday, October 13, 2017
As employers prepare for the third year of ACA-related reporting, new bipartisan legislation has been proposed that provides a glimmer of hope for the possibility that changes will be made to current IRS requirements. The “Commonsense Reporting Act of 2017,” introduced by Senators Portman (R-OH) and Warner (D-VA), would significantly simplify ACA-related employer reporting. Background […]
Thursday, October 5, 2017
The IRS has released the 2017 final forms and instructions for the ACA employer reporting requirement.
Tuesday, September 26, 2017
On September 13, 2017, Senate Republicans introduced a bill (referred to as The Graham-Cassidy bill) to try, one more time, to repeal and replace portions of the ACA. The bill contains many of the provisions included in legislation proposed earlier this year. In fact, it was originally designed to be an amendment to prior legislation that was proposed in the Senate.
Wednesday, September 20, 2017
Disability insurance can be even more important for manufacturing companies than other employers. Manufacturing organizations typically have an older population with long tenure and employees historically suffer with chronic conditions. Employees usually experience higher than average musculoskeletal incidence and absenteeism due to the nature and repetitive motion of their jobs.