RSS
Failure to file or failure to file required Form 5500s on time can prove to be costly for an employer as daily penalties are assessed for late or missing filings.
Read More
Categories: Benefits in General, Compliance, Health Care in General | Tags: IRS , Form 5500 , Form 5558 , DFVCP , Delinquent Filers , Penalties

5500 Filing Season Heating Up

posted on
July is a big month for Form 5500 filing. An employer that has health and welfare benefit plans that have 100 or more participants on the 1st day of the plan year will have a filing deadline seven months from the end of the plan year, which is July 31st for calendar year plans.
Read More
Categories: Benefits in General, Compliance, Health Care in General | Tags: Form 5500 , Form 5558 , IRS , ERISA

Final Rule on Association Health Plans Released

posted on
June 19, 2018, the Department of Labor (DOL), after considering over 900 comments on the proposed rule released a final new rule for association health plans (AHPs) and launched a webpage on AHPs. AHPs are group health plans that employer groups and associations offer to provide health coverage for their members’ employees. This new rule will provide additional ways for employers to get health coverage from AHPs.
Read More
Categories: Benefits in General, Health Care in General | Tags: AHP , Health Plan , Association Health Plans , Executive Order

Workplace Benefit Surveys Released

posted on
The Employee Benefit Research Institute (EBRI)/Greenwald & Associates Health and Voluntary Workplace Benefits Survey recently released “studies a wide array of topics related to employee benefits including employees’ knowledge of their benefits, confidence in making benefit decisions and satisfaction with their benefits package.”
Read More
Categories: Benefits in General, Health Care Reform, Health Care in General | Tags: EBRI , National Health Interview Survey for 2017 , HSA , Consumer directed healthcare , employer sponsored health plan , health plan , voluntary benefits , workplace benefits , satisfaction survey

When Can You Change the COBRA Rates?

posted on
There are limited times when the employer is permitted to change the premiums for COBRA QBs during the determination period.
Read More
Categories: Compliance, Health Care in General | Tags: COBRA , Determination Period , QB , COBRA Rates

HHS Finalizes Several 2019 ACA Plan Parameters

posted on
The Department of Health and Human Services (HHS) has finalized maximum out of pocket limits for in-network essential health benefit (EHB) services covered by a health plan for 2019 at $7,900 for single coverage and $15,800 for any coverage other than single plan.
Read More
Categories: Health Care Reform, Compliance, Health Care in General | Tags: ACA , Employer Shared Responsibility , Affordability , HDHP , Out of pocket maximum , EHB , Essential Health Benefits

IRS Releases Updated Form 720 for PCOR Fees

posted on
The IRS has released a revision to the IRS Form 720 and Form 720 instructions that can be used for the PCOR fees due by July 31, 2018.
Read More
Categories: Health Care Reform, Compliance | Tags: PCOR Fee , Patient Centered Outcome Research Fee , July 31 , IRS Form 720 , HRA

IRS Announces HSA Limits for 2019

posted on
The IRS released Revenue Procedure 2018-30 that provides the Health Savings Accounts (HSA) limits for 2019.
Read More
Categories: Benefits in General, Compliance | Tags: HSA , Health Savings Account , 2019 Limits , Rev. Proc. 2018-30

Form 5500 Filing Tips-Who, When, What, How

posted on
The Form 5500 is an ERISA requirement for all health and welfare plans. All private sector employers, including corporations, s corporations, LLCs, sole proprietorship, partnerships, and non-profits that sponsor insured self-insured plans subject to ERISA have a filing requirement if they are large plans with 100 or more participants in the plan as of the first date of the plan year.
Read More
Categories: Benefits in General, Compliance | Tags: Form 5500 , IRS , EFAST2 , Wrap Plans , Health Care FSA , HRA , Insured Plans , 5500 Preparation , ERISA
In follow up to our earlier post in March regarding the HSA Maximum Family Contribution change, we want to provide some new information based upon an IRS Revenue Procedure released April 26, 2018.
Read More
Categories: Benefits in General, Compliance, Health Care in General | Tags: IRS , Revenue Procedure 2018-27 , HSA , Health Savings Account , Family Contribution Limit
Page 1 of 44FirstPrevious[1]2345NextLast