RSS

HSAs in the Workplace

posted on
As HSAs become more common in the workplace, it is useful to review research about HSAs to better understand their benefits, limitations and trends. Last week, the Employee Benefit Research Institute released two reports pertaining to HSA usage between 2011 and 2016.
Read More
Categories: Benefits in General, Health Care Reform | Tags: Health savings account , HSA , high-deductible health plan , HDHP , EBRI , Employee Benefit Research Institute
On June 9, 2017, new Department of Labor regulations (“Fiduciary Rules”) took effect which expand the categories of persons who may now be considered plan “fiduciaries” under ERISA and the Internal Revenue Code. The new Fiduciary Rules broaden the definition of plan “fiduciary” to include persons who provide investment advice to account holders of Individual Retirement Accounts and Health Savings Accounts (“HSAs”). As such, the new Fiduciary Rules have important implications for HSA ser...
Read More
Categories: Benefits in General, Compliance | Tags: HSA , Health Savings Accounts , fiduciary rules , fiduciary , service provider , employer , TPA , third-party administrator , third party administrator , invest , advice , recommendation

Form 5500 Deadlines and Extensions

posted on
Employers that are subject to ERISA that sponsor health and welfare plans subject to ERISA (i.e. health insurance, dental insurance, life insurance, disability insurance, Health Reimbursement Arrangement (HRA), and Health Care Flexible Spending Account (FSA) portion of a cafeteria plan, etc.) may have a Form 5500 obligation.
Read More
Categories: Benefits in General, Compliance | Tags: Form 5500 , IRS , Form 5558 , DOL , DFVC
The Society for Human Resource Management recently released its 2017 Employee Benefits report.
Read More
Categories: Benefits in General | Tags: SHRM , Society for Human Resource Management , benefits , employee benefits , report

HHS Issues Request for Information on ACA

posted on
On June 12, 2017, the Department of Health and Human Services (HHS) issued a request for information (RFI) on ways the regulatory burdens imposed by the Affordable Care Act (ACA) could be reduced and at the same time improve health care options.
Read More
Categories: Health Care Reform | Tags: HHS , ACA

DOL Updates Various Model Notices

posted on
The Department of Labor (DOL) has extended the effective date of various notices.
Read More
Categories: Health Care Reform, Compliance, Health Care in General | Tags: CHIPRA , DOL , COBRA , Exchange , Model Notice

ECFC Sends Letter to Senate Leadership

posted on
June 9, 2017, the Employer Council on Flexible Compensation (ECFC) signed on with more than 50 groups and sent a letter to ask the Senate leadership to help strengthen Americans’ health insurance coverage options, improve the quality of health care, and take critical action to apply downward pressure on the real drivers of health care costs, without imposing new taxes on the health benefits of hard-working taxpayers.
Read More
Categories: Health Care Reform, Health Care in General | Tags: ECFC , ACA , Senate , Employer-based
The IRS recently released an information letter clarifying the definition of a high deductible health plan (HDHP) for purposes of HSA eligibility. In the letter, the IRS explained that to qualify as an HDHP, a medical insurance plan (i) must satisfy certain minimum annual deductible and maximum out-of-pocket expense requirements and (ii) cannot provide any benefits below the minimum annual deductible, other than preventive care benefits.
Read More
Categories: Health Care Reform, Compliance, Health Care in General | Tags: HSA , HDHP , IRS , health savings account , high deductible health plan , Internal Revenue Service , information letter
The DOL recently issued a Field Assistance Bulletin and FAQ guidance confirming that, after a delay from April 10, 2017, the new fiduciary rules and related prohibited transaction exemptions will become effective on June 9, 2017, with phased implementation through January 1, 2018.
Read More
Categories: Compliance | Tags: DOL , Department of Labor , Field Assistance Bulletin , FAQ , fiduciary rules , fiduciary
Due to lower-than-expected participation, CMS has announced that it will propose a rule to change the process that small employers use to purchase health plans through the Federally-facilitated Small Business Health Options Program.
Read More
Categories: Health Care Reform, Health Care in General | Tags: SHOP , FF-SHOP , Small Business Health Options Program , CMS , Small Employer , Small Business Health Care Tax Credit
Page 1 of 36FirstPrevious[1]2345NextLast
Location (map)
1350 Deming Way, Ste 300
Middleton, WI 53562-4640

Mail Address
PO Box 44347
Madison, WI 53744-4347