Archive by month: 2014-10Return
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Transportation Limits Remain Unchanged for 2015

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The IRS has announced that the pre-tax maximum monthly elections for qualified transportation benefits will be the same for 2015 as they have been for 2014. The pre-tax maximum amounts will continue at $250 per month for parking benefits and $130 per month for transit benefits.
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Categories: Benefits in General, Compliance | Tags: Transportation , IRS

Almost No HRAs Owe TR Fee

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Clarifying guidance from federal regulators confirms that only group health plans that are “major medical” coverage owe the TR fee.
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Categories: Health Care Reform, Compliance | Tags: TR Fee

Health FSA Cap Raised to $2,550 for 2015

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The IRS has announced that the annual pre-tax election amount for an employee will be raised to $2,550 for plan years beginning on or after January 1, 2015.
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Categories: Health Care Reform, Compliance | Tags: IRS , Health FSA

Step-by-Step TR Fee Report for HRAs

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*Information in this posting is out of date and superseded by our latest posting on the TR fee.* Some employers need to take immediate action to register with the Department of Health and Human Services (HHS) and report the count of the covered lives under their health reimbursement arrangement (HRA) by November 15, 2014 on pay.gov. Failure to do so could result in penalties for each day not timely reported.
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Categories: Health Care Reform, Compliance | Tags: TR fee

Some Employers Must Pay a TR Fee for Their HRA

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*Information in this posting is out of date and superseded by our latest posting on the TR fee.* An HRA is a group health plan that is self-insured by the employer. Some HRAs are subject to the Transitional Reinsurance Fee starting with calendar year 2014 and payable through calendar year 2016.
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Categories: Health Care Reform, Compliance | Tags: TR Fee , Transitional Reinsurance
Insurers in states where same sex marriage bans have been overturned may be allowing special open enrollments for employees to add their same sex spouses to the employer’s group health, dental or vision insurance plans.
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Categories: Compliance | Tags: Same-Sex Marriage
Wisconsin’s Revenue Department has amended a prior Q&A to answer questions related to tax consequences for same sex couples.
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Categories: Compliance | Tags: Same-Sex Marriage , Spouse , Taxes

Supreme Court Clears Way for Same Sex Marriage

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By refusing to review the appeals from five states whose bans on same sex marriages were overturned, the Supreme Court has cleared the way for same sex marriage to be recognized in those five states and potentially across the land.
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Categories: Compliance | Tags: Same-Sex Marriage , Taxes , Supreme Court

Revised Draft Reporting Forms Published

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The IRS has published three revised draft forms that all employers or insurers are to use to report coverage that an employee was enrolled in at any time during 2015 and for a large employer to report its offer of health coverage to its full time employees, enrollment in that coverage and its affordability.
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Categories: Health Care Reform, Compliance | Tags: IRS , Reporting , 6056 , 6055 , Draft

HPID Not Needed for Health FSA and Most HRAs

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The Centers for Medicare and Medicaid Services (CMS) has published a Q&A document clarifying which health plans need a health plan identifier (HPID), who must apply for the HPID and the deadline date for having a HPID for an affected health plan.
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Categories: Compliance | Tags: HPID , 6055 , Reporting