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Today the IRS announced under Revenue Procedure 2017-58, the 2018 annual inflation adjustments for more than 50 tax provisions, including the tax rate schedules, and other tax changes. Included in the announcement is the inflation adjusted 2018 limits for health flexible spending accounts (FSAs) under an IRC §125 cafeteria plan and the Parking and Transit account limits under an IRC §132 Transportation Plan.
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Categories: Benefits in General, Health Care Reform, Compliance, Health Care in General | Tags: Health FSA Limit , 2018 , Transit , Parking , Transportation Plan Limits , IRS , Revenue Procedure , RP 2017-58
The DOL recently issued a proposed rule that would delay the applicability date of new disability claims procedure regulations by 90 days.
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Categories: Benefits in General, Compliance | Tags: disability , DOL , Department of Labor , proposed rule

IRS Announces New PCOR Fee

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IRS Notice 2017-61 provided the updated dollar amount to be used to calculate the PCORI fee for health plan policy and plan years that end on or after October 1, 2017 and before October 1, 2018. This includes 2017 calendar year plans, and the updated fee amount is $2.39 per covered life.
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Categories: Benefits in General, Health Care Reform, Compliance | Tags: PCOR , 720 , IRS , ACA
The IRS has released the final Forms 1094-B, 1095-B, 1094-C, and 1095-C for calendar year 2017 reporting. The final instructions are available for the C Series forms, and we expect the B series final instructions to be released shortly. Employers are required to report in early 2018 for calendar year 2017.
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Categories: Benefits in General, Compliance, Health Care in General | Tags: ACA , 1094 , 1095 , 6055 , 6056 , Employer reporting , IRS
The passage of the Wisconsin 2017-2019 biennial budget, created Wis. Stat. § 66.0510, which prohibits all municipalities, counties, and school districts from offering employee benefit plan coverage to domestic partners of employees as of January 1, 2018.
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Categories: Benefits in General, Compliance, Health Care in General | Tags: Domestic Partner , Wisconsin Budget , Health , Governmental , Municipalities , ETF
The Centers for Medicare & Medicaid Services recently announced that it would make available special enrollment periods for Medicare beneficiaries and people wanting to procure Federal Exchange health insurance plans who were impacted by Hurricanes Harvey, Irma and Maria.
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Categories: Benefits in General, Health Care Reform, Compliance, Health Care in General | Tags: Medicare , CMS , Exchange , Marketplace , Hurricane , Irma , Harvey , Maria , Special Enrollment Period , SEP , Open Enrollment
The IRS recently issued guidance intended to help employers and employees affected by Hurricanes Harvey, Irma and Maria. The guidance provides relief to employees and businesses located in Florida, Georgia, Puerto Rico, the Virgin Islands and certain parts of Texas.
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Categories: Benefits in General, Compliance | Tags: IRS , Hurricane , tax relief , Irma , Maria , Harvey

Employer Plan Notices Are Now in Season!

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With open enrollment fast-approaching for many employers, it is also a good time for employers to take stock of whether they have provided all necessary documents and notices for their health and welfare benefit plans to their employees and plan participants this year.
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Categories: Benefits in General, Compliance | Tags: Notice , Compliance , Benefits , SPD , SMM , SBC , SAR , Medicare Part D , Notice of Creditable Coverage , COBRA , HIPAA , CHIP , WHCRA , Wellness , ADA , Grandfathered Plan , MIchelle's Law

Health Care FSA Limit Projected $2,650 for 2018

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The CPI was released yesterday and Thomson Reuters has reported today, the projected inflation adjustments for 2018 for health, charitable, compliance and other specialty items. Most notably a projected increase to the 2018 Health Care FSA Limit of $50 or an annual maximum is $2,650 per plan year.
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Categories: Health Care Reform, Compliance, Health Care in General | Tags: Health Care FSA , FSA , Limit , ACA , 2018 Limit , 2018 Health Care FSA Limit
August 30, 2017, the U.S. Department of Labor (DOL) has announced an update on employee benefit plan compliance for those impacted by Hurricane Harvey.
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Categories: Benefits in General, Compliance | Tags: DOL , FAQ , Hurricane Harvey , Health Benefits , Retirement Benefits , COBRA
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