June was an active month in the employee benefits world. The U.S. Senate released a draft of the Better Care Reconciliation Act of 2017 which would substitute the U.S. House Resolution 1628 that aimed to repeal and replace the Patient Protection and Affordable Care Act (ACA). The U.S. Supreme Court decided an ERISA church plan […]
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IRS Updates
IRS Updates Health Coverage Affordability Calculation for Individuals for 2018 The Internal Revenue Service (IRS) issued Revenue Procedure 2017-36, adjusting the calculation determining whether an individual can afford employer-sponsored health coverage, which affects whether the individual would be eligible for a premium tax credit on the public health exchanges. This could affect employers who are […]
Read moreCompliance Recap // April 2016
As much of the country anxiously awaits the Department of Labor’s (DOL) long-promised final rule relating to overtime exemption regulations, the employee benefits space has been relatively quiet. March 31 was the first deadline relating to the IRS reporting of the employer shared responsibility provisions under the Patient Protection and Affordable Care Act (ACA) and […]
Read moreBenefits and Employment Briefing // Fall 2015
The Surprising Compliance Issues of High Deductible Health Plan/Health Savings Account Arrangements As the Patient Protection and Affordable Care Act (ACA) comes into complete fruition, many employers are offering to employees High Deductible Health Plans (HDHPs) and facilitating the establishment and funding of Health Savings Accounts (HSAs). Read more ACA Cadillac Tax: IRS Issues […]
Read moreCompliance Recap // June 2015
June was a busy month, with multiple updates from regulatory agencies as well as two important Supreme Court opinions that impacted the world of employer benefits. As the Supreme Court wrapped up the October 2014 term, it has granted petitions for the October 2015 term, which will ultimately impact ERISA plans. The IRS updated its […]
Read moreCost Sharing Limits Changing for 2016
In the Benefit and Payment Parameters for 2016 Final Rule issued in February of 2015, federal agencies included a clarification that annual cost-sharing limitations for self-only coverage apply to all individuals, regardless of whether the individual is covered by a self-only plan or is covered by another kind of plan. Cost sharing refers to out-of-pocket […]
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