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IRS Publication 15-B on Fringe Benefits Released

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March 6, 2018, the IRS released Publication 15-B, Employer's Tax Guide to Fringe Benefits for use in 2018. As a result of changes related to the Tax Cuts and Jobs Act passed late in 2017, the Publication on page 20 outlines the tax treatment of qualified transportation fringe benefits to employees, including those provided through the use of salary reduction program.
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Categories: Benefits in General, Compliance | Tags: Publication 15-B , Transportation plans , parking , transit , bicycling benefit , Tax Cuts and Jobs Act , QSEHRA , health flexible spending account , business mileage , tax reform
The IRS has published IRS Rev. Proc. 2018-18 in Internal Revenue Bulletin 2018-10 this week that recalculates the limits on various benefits. One of the provisions in the tax reform bill enacted late last year, the Tax Cuts and Jobs Bill, was a change in the way the IRS was required to calculate cost-of-living increases.
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Categories: Benefits in General, Compliance | Tags: IRS , IR Bulletin 2018-10 , HSA , Indexes for inflation , Adoption Assistance Plans , Archer MSA , Small Employer Tax Credit , Health Care Flexible Spending Accounts , Transportation Plans , Tax Reform , 2018 Limits

HIPAA Small Breach Notifications Due March 1st

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Small breaches discovered in 2017, must be reported to HHS by March 1, 2018.
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Categories: Compliance, Health Care in General | Tags: HHS , HIPAA Breach , Small breach , March 1 2018 , HIPAA , OCR
On February 8, 2018, Senators John Thune, R-South Dakota, and Tom Carper, D-Delaware (S. 2410) and Representatives Diane Black, R-Tennessee, and Earl Blumenauer, D-Oregon (H.R. 4978), introduced the bipartisan bill, the Chronic Disease Management Act of 2018.
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Categories: Benefits in General, Compliance, Health Care in General | Tags: HSA , Chronic Disease Management Act of 2018 , Chronic Disease , HDHP

Medicare Part D Disclosure Due to CMS by March 1

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Entities that provide prescription drug coverage to Medicare Part D eligible individuals must disclose to CMS whether the coverage is "creditable prescription drug coverage".
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Categories: Compliance, Health Care in General | Tags: CMS , Creditable Coverage , March 1st , Disclosure , Medicare Part D Notice

Proposed Rules for Short Term Health Insurance

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The Department of Health and Human Services (HHS) released a proposed rule on short-term, limited duration health insurance on February 20, 2018 as a result of that executive order.
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Categories: Health Care Reform, Compliance, Health Care in General | Tags: Short Term Health Insurance , Executive Order 13813 , HRA , Health plans , HHS , Proposed Rule Short Term Health Insurance
The IRS announced late last year in Notice 2018-06 that it had extended the 2018 deadline for insurers, self-insured employers, other coverage providers and applicable large employers to provide Forms 1095-B and 1095-C (the “Forms”) to individuals who received health insurance coverage in 2017 from January 31, 2018 to March 2, 2018. That deadline is quickly approaching.
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Categories: Health Care Reform, Compliance | Tags: ACA , Employer Reporting , March 2nd , IRS , Q&A
The IRS has provided updates to the Employer Shared Responsibility Q&A guidance on its website.
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Categories: Health Care Reform, Compliance | Tags: ACA , Employer Shared Responsibility , Penalty , 4980(h) , IRS , Q&A , Affordability
For participants in the Health Savings Account (HSA), you can find new instructions for IRS Form 8889 used to report contributions and distributions to the HSA on the 2017 personal tax returns.
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Categories: Benefits in General, Compliance | Tags: IRS , HSA , Health Savings Account , Form 8889 , Pub. 969
EBRI has released the results of a 2017 survey on worker opinion on health care in the U.S.
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Categories: Benefits in General, Health Care in General | Tags: EBRI , FSA , HRA , HSA , Health