RSS

Two New Q&As for ALE 6056 Reporting Issued

posted on
The IRS has published two new Q&A documents related to the Code Section 6056 reporting that applicable large employers (ALEs) are required to provide to each of their full time employees for coverage offered or not offered in calendar year 2015 and copied to the IRS in early 2016.
Read More
Categories: Health Care Reform, Compliance | Tags: IRS , 6056 , 1095-C , 1094-C , Reporting
The minimum deductible and maximum out-of-pocket (OOP) for a high deductible health plan (HDHP) have been set by the IRS for plans renewing in 2016. The minimum deductible is $1,300 for single plan and $2,600 for family plan, the same as 2015. The maximum OOP for the HDHP for 2016 is $6,550 for single plan and $13,100 for family plan. But, does an HDHP with a family aggregate deductible greater than $6,850 satisfy the Cost Sharing limit of the ACA? Only if that HDHP embeds an individual deductib...
Read More
Categories: Health Care Reform, Compliance | Tags: HDHP , OOP , Cost Sharing , HHS
A federal court in Alabama has ruled in favor of a former employee that the COBRA election notice he received from his former employer was insufficient and he can move forward with his civil suit that he was not provided sufficient notice of his COBRA rights.
Read More
Categories: Benefits in General, Compliance | Tags: COBRA , Notice

Some HRAs are Subject to 6055 Reporting

posted on
Employers that provide health reimbursement arrangements (HRAs) that reimburse more than just dental or vision expenses and are not integrated with the employer’s group medical plan are required to provide 6055 reporting (Forms 1094-B and 1095-B) to the participants in that HRA and to the IRS in early 2016 for coverage provided in 2015. Commonly, these are HRAs that cover retirees and/or former employees.
Read More
Categories: Health Care Reform, Compliance | Tags: 6055 , Reporting

IRS Announces 2016 HDHP and HSA Limits

posted on
In Revenue Procedure 2015-30, the IRS has announced the calendar year 2016 inflation adjusted contribution maximum amounts for a health savings account (HSA) and the accompanying high deductible health plan (HDHP) minimum deductible and maximum out-of-pocket (OOP) thresholds
Read More
Categories: Benefits in General, Compliance, Health Care in General | Tags: HDHP , Limits , Cost Sharing

EEOC Releases Proposed Wellness Regulations

posted on
The Equal Employment Opportunity Commission (EEOC) issued proposed regulations, last week, which set forth the required criteria an employer’s wellness plan needs to satisfy in order to be compliant with the Americans with Disabilities Act (ADA). Interested parties have 60 days to provide comments to the EEOC before the agency finalizes the regulations.
Read More
Categories: Health Care Reform, Compliance, Health Care in General | Tags: Wellness , EEOC , Incentive
Treasury Department guidance requires applicable large employers to reduce their health plan contribution by the amount of any cash paid for not enrolling in the health plan and to not count a flex credit that can be received as cash or used to purchase non-medical care benefits when calculating the affordability of their health plan for a full time employee.
Read More
Categories: Health Care Reform, Compliance | Tags: Report , 1095-C , Large , Play or Pay
In an “extraordinary remedy” the federal district court for the states of Texas, Arkansas, Louisiana and Nebraska issued a preliminary injunction on the enforcement of the Department of Labor’s (DOL’s) rule in those 4 states that was set to go into effect across the country on March 27,2015 that would have provided employees that were legally married elsewhere to same sex spouses and reside in those states with FMLA rights to care for their same sex spouse or that spouse’s family members un...
Read More
Categories: Benefits in General, Compliance | Tags: same sex , marriage , FMLA

SPD Posted on Intranet not Enough

posted on
Employers that are subject to ERISA are required to provide a summary plan description (SPD) to the participants in a health or welfare plan sponsored and maintained by the employer. The SPD can be distributed electronically. However, simply posting the SPD on the employer’s intranet does not satisfy the Department of Labor’s (DOL’s) electronic SPD distribution criteria.
Read More
Categories: Benefits in General, Compliance | Tags: SPD , Plan

FAQ on SBC Published

posted on
In a jointly released Affordable Care Act FAQ, the Department of Labor (DOL) clarifies that the regulators intend to finalize changes in the near future to the summary of benefits and coverage (SBC) templates and glossary of terms applicable for use during open enrollments for health plans renewing on or after January 1, 2016 and for newly eligible employees under those plans.
Read More
Categories: Health Care Reform, Compliance | Tags: SBC
Page 1 of 21FirstPrevious[1]2345NextLast
Location (map)
1350 Deming Way, Ste 300
Middleton, WI 53562-4640

Mail Address
PO Box 44347
Madison, WI 53744-4347