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2015 Version of IRS Publication 969 Issued

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The IRS has issued the 2015 version of Publication 969 that provides information on “Health Savings Accounts and Other Tax-Favored Health Plans” for taxpayers when preparing their individual income tax returns.
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Categories: Benefits in General, Compliance | Tags: IRS , HSA , FSA , HRA
The IRS has published new versions of various publications used by tax payers to assist them in preparing their 2015 income tax returns. These also can serve as a reference for participants in health care flexible spending accounts, dependent care assistance plans and health savings accounts during the year.
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Categories: Benefits in General, Compliance | Tags: IRS , FSA , HRA , HSA

End of Year ACA Guidance

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In mid-December, the IRS provided guidance in Notice 2015-87 applicable to a number of Affordable Care Act (ACA) provisions with references to prior guidance or clarification of prior guidance.
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Categories: Health Care Reform, Compliance | Tags: IRS , ACA , HRA , Reporting , COBRA , Health FSA , Affordable , Penalty
The Department of Labor has issued Frequently Asked Questions (FAQ) Part XXII for implementation of the Affordable Care Act (ACA). The FAQ reiterates prior guidance that if an employer reimburses or pays for an employee’s individual medical insurance plan the arrangement is an employer payment plan and does not comply with the no annual limit provision of the ACA.
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Categories: Health Care Reform, Compliance | Tags: HRA , Individual
Under San Francisco’s Health Care Security Ordinance (HCSO), employers are required to spend a minimum amount per hour as a health care expenditure for employees who work 8 hours or more per week.
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Categories: Health Care Reform, Benefits in General, Compliance | Tags: HRA , Reform
As we reported, last September the regulators issued guidance that employers cannot reimburse or pay the premiums for an individual health plan on a pre-tax basis for their employees, spouses or dependents.
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Categories: | Tags: Individual , Insurance , HRA , FSA
One of the provisions under the Patient Protection and Affordable Care Act (Health Care Reform aka ACA) requires health plans to pay a Transitional Reinsurance Program Fee beginning with calendar year 2014.
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Categories: Health Care Reform, Compliance | Tags: PCOR Fee , HRA , Health Care FSA
The Department of Labor (DOL) issued Technical Release 2013-03 and the IRS produced Notice 2013-54 on September 13, 2013.
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Categories: Health Care Reform, Benefits in General, Compliance | Tags: Individual , Insurance , HRA , FSA

IRS Clarifies Application of ACA to HRAs and FSAs

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Although earlier guidance left open to conjecture how some Health Care Reform provisions apply to health reimbursement arrangements (HRAs) and flexible spending arrangements (FSAs), IRS Notice 2013-54 clearly indicated that FSAs are not subject to the annual or lifetime limit prohibition but HRAs that are not integrated with an employer’s group medical plan are subject to the limit unless the HRA covers only excepted HIPAA benefits, such as dental- or vision-only expenses, or is an HRA that cov...
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Categories: Health Care Reform, Benefits in General, Compliance | Tags: Individual , Insurance , HRA , FSA
Recently, the Departments of Labor, Health and Human Services (HHS) and the Treasury issued Frequently Asked Questions (FAQs) regarding implementation of certain provisions of health care reform, including the applicability of the no annual or lifetime limit provisions to HRAs and the use of HRAs to purchase individual policies.
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Categories: Health Care Reform | Tags: HRA