Archive by month: 2016-6Return

EEOC Issues Sample Notice for Wellness Plans

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The EEOC recently provided a sample notice to help employers comply with the Americans with Disabilities Act with regard to their wellness plans. The notice describes what medical information will be collected as part of the wellness program, who will receive the information, how it will be used and how it will be kept confidential. The requirement that employers provide the notice will take effect on or after January 1, 2017, on the first day of the plan year for the health plan that the empl...
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Categories: Compliance | Tags: wellness , wellness plan , wellness program , EEOC , notice , ADA , disabilities , health questions , biometric screening , employer

When is an Activity Tracker Medical Care?

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The Issue: How do you determine when or if an Activity Tracker (i.e. Fitbit) is eligible for pre-tax reimbursement under a flexible spending account (FSA), health reimbursement arrangement (HRA) or Health Savings Account (HSA)? Activity Trackers (i.e. Fitbit, etc.) are gaining popularity to help individuals maintain overall general health, as well participate in workplace wellness programs that reward healthy behavior for activity.
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Categories: Compliance, Health Care in General | Tags: Wellness , IRS , Medical Care , FSA , HRA , HSA
The Department of Labor (“DOL”) recently issued final regulations (“Final Rule”) expanding the categories of persons who may now be considered plan “fiduciaries,” by broadening the definition of what constitutes giving “investment advice” to plans, participants and beneficiaries with respect to plans that are subject to the Employee Retirement Income Security Act of 1974 (“ERISA”) and Section 4975 of the Internal Revenue Code (“Code”). Importantly, the Final Rule also pulls within i...
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Categories: Uncategorized, Compliance | Tags: DOL , HSA

IRS Releases Updated Form 720 for PCOR Fees

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The Patient-Centered Outcomes Research (PCOR) fee is to fund research on patient outcomes. Employer sponsored health plan(s) are subject to PCOR fees). An employer that has a HRA that is integrated with a major medical plan will pay a PCOR fee on the HRA and the insurer will pay the PCOR fee on the insured plan. May 26, 2016, the IRS released a revision to the IRS Form 720 that can be used for the PCOR fees due by July 31, 2016.
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Categories: Health Care Reform, Compliance | Tags: PCOR , IRS , HRA

IRS Addresses Tax Treatment of Wellness Benefits

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Without the proper structure and plan design, cash rewards, including gym memberships, as well as premium reimbursements for participating in a wellness program may be considered taxable "wages" to employees.
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Categories: Compliance | Tags: IRS , wellness , wages , cash rewards , gym membership , HRA , Flexible Spending Account , Cafeteria Plan
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