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The IRS has released two new forms that will be included with the new Letter 226J. This latest release by the IRS is in preparation of the Code § 4980H employer shared responsibility penalties against applicable large employers (ALEs) for 2015.
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Categories: Health Care Reform, Compliance | Tags: IRS , Form 14764 , Form 14765 , ACA , ALE , Letter 226J , Penalty , Employer Shared Responsibility

HHS Releases 2019 Proposed ACA Regulations

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HHS has recently released proposed regulations that include the benefit and payment parameters for 2019, and other proposed insurance market and Exchange-related rules. This information is of most interest to insurance carriers and states, that run their own Exchanges, however some of the details will be of interest to employers.
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Categories: Health Care Reform, Compliance | Tags: ACA , SHOP , MOOP , EHB , SEP , Exchange , Premium Tax Credit
The DOL recently announced employee benefit plan compliance guidance and relief for victims of Hurricane Maria and the October 2017 California wildfires.
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Categories: Compliance | Tags: DOL , Hurricane Maria , Puerto Rico , California , wildfires , ERISA , guidance , IRS , COBRA , relief , employee benefit plans , benefit plans , benefits , victims , Form 5500 , Hurricane , Maria
The DOL, IRS and the Pension Benefit Guaranty Corporation recently released advance informational copies of the 2017 Form 5500 series, including Form 5500-SF, schedules, and instructions.
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Categories: Compliance | Tags: Form 5500 , DOL , IRS , PBGC , 2017 , Form 5500-SF , EFAST , Schedule MB
The Department of Labor finalized new regulations that would provide additional procedural protections and safeguards for disability claimants. The new disability claims procedure regulations were supposed to take effect on January 18, 2018 and would have applied to disability claims filed on or after January 1, 2018. The DOL recently issued a final rule, however, that will delay the applicability date of the new disability claims procedure regulations by 90 days—to April 1, 2018.
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Categories: Compliance | Tags: disability , DOL , Department of Labor , delay , claims

House Passes Tax Reform Legislation

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The House, today, by a by a vote of 227-205, passed legislation to overhaul the tax code.
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Categories: Benefits in General, Compliance | Tags: Tax Reform , Tax Cuts and Jobs Act , House

Tax Reform Proposal Updates

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The House released its tax reform proposal titled the “Tax Cuts and Jobs Act” (H.R. 1) late last week. This week the Ways and Means Committee has held a series of hearings to offer debate and amendments to the original proposed bill. As of late Thursday afternoon, the Ways and Means Committee has approved the Republican version of the bill that included Chairman’s Amendment #2 restoring some of the provision set for repeal in earlier versions.
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Categories: Benefits in General, Health Care Reform, Compliance | Tags: Tax Reform , Ways and Means , House , Tax Cut and Jobs Act
The IRS has updated the Q&A on the employer mandate to include new information on the notices that will be sent to employers over the next few weeks regarding any potential penalties for the 2015 reporting year.
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Categories: Benefits in General, Health Care Reform, Compliance | Tags: IRS , Letter 226J , ACA , Employer shared responsibility , ALE , Employer penalties , 1094-C , 1095-C

IRS Releases QSEHRA Guidance

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Yesterday, the Internal Revenue Service (IRS) released Notice 2017-67, which provides Q & A guidance on Qualified Small Employer Health Reimbursement Arrangements (QSEHRAs). QSEHRAs were established under the 21st Century Cures Act enacted on December 13, 2016.
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Categories: Benefits in General, Health Care Reform, Compliance, Health Care in General | Tags: QSEHRA , IRS , Qualfied Small Employer HRA
Despite recent Presidential Executive Orders and Congressional attempts to repeal and/or replace the Affordable Care Act, the Internal Revenue Service has taken action in recent months to remind employers and individuals that reporting about health insurance coverage is still required and is being more closely monitored.
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Categories: Health Care Reform, Compliance | Tags: IRS , ACA , reporting , pay-or-play , individual mandate , health insurance
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