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The IRS has released 2018 key indexing adjustments used under the Affordable Care Act (ACA). This revenue procedure is effective for taxable years and plan years beginning after December 31, 2017.
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Categories: Benefits in General, Health Care Reform, Compliance | Tags: ACA , Affordability , IRS , Tax Credits

OCR Announces $2.5 Million HIPAA Settlement

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The Department of Health and Human Services Office for Civil Rights (OCR) recently announced a $2.5 million settlement with a wireless health services provider, CardioNet, for violations of the Health Information Portability and Accountability Act of 1996 (HIPAA).
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Categories: Compliance, Health Care in General | Tags: OCR , Office for Civil Rights , Health and Human Services , DHHS , CardioNet , settlement , HIPAA , Privacy , Security , mobile device

IRS Releases Updated Form 720 for PCOR Fees

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Employers must wait for the IRS to update the Form 720 each year in order to pay their fees with the correct form. The IRS has released a revision to the IRS Form 720 and Form 720 instructions that can be used for the PCOR fees due by July 31, 2017.
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Categories: Health Care Reform, Compliance | Tags: PCOR , IRS , Form 720 , HRA , Self-funded , Health , Fee
The IRS Released Revenue Procedure 2017-37 on May 4, 2017 that provides the HSA limits for 2018 as follows:
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Categories: Compliance, Health Care in General | Tags: HSA , IRS , FSA , HRA , HSA compatible , Limits , 2018
The IRS recently released an information letter addressing the question of whether an employee who establishes and funds an HSA while enrolled in Medicare must pay a fine to the IRS.
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Categories: Benefits in General, Compliance, Health Care in General | Tags: HSA , health savings account , IRS , information letter , Internal Revenue Service , Medicare
Last week, the Centers for Medicare & Medicaid Services (CMS) issued the final rule (Final Rule) on Market Stabilization under the Affordable Care Act (ACA). The Final Rule aims to lower insurance premiums, stabilize individual and small group markets, reduce fraud, waste and abuse, promote continuous coverage, empower states, reduce duplication of efforts between the states and federal government and increase the number of health insurance plans and plan choices available to consumers in the M...
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Categories: Health Care Reform, Compliance, Health Care in General | Tags: CMS , Market Stability , ACA , Affordable Care Act , AV Calculator , qualified health plan , stabilization , health insurance , Marketplace
As the April 18th income tax deadline quickly approaches, employees that participate in a cafeteria plan that includes employer sponsored health insurance, health care flexible spending accounts (HCFSA), dependent care flexible spending accounts (DCFSA) and health savings accounts (HSA) should keep a few things in mind.
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Categories: Benefits in General, Health Care Reform, Compliance | Tags: HCFSA , HSA , DCFSA , 1099-SA , Form 2441 , Form 8889 , Income Tax , IRS , April 15th , W-2 , Employer-sponsored Health , Health Insurance , ACA
The Congressional Research Service (CRS) has prepared a report for Congress providing information and links regarding various Affordable Care Act (ACA) provisions.
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Categories: Health Care Reform, Compliance | Tags: ACA , CRS , Affordable Care Act , Congressional Research Service , FAQ
The IRS recently updated their website in the section “Types of Employer Payments and How They Are Calculated” that describes how to calculate employer shared responsibility payments for 2017.
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Categories: Health Care Reform, Compliance | Tags: ACA , IRS , Employer Shared Responsibility , Penalty
Although April 10, 2017 is fast approaching, the DOL has still not finalized its proposed extension to the effective date of the new fiduciary rules. To defray mounting concern, confusion and uncertainty among financial services institutions and investors, the DOL and IRS have issued temporary policies relating to the proposed delay of the new fiduciary rules and related prohibited transaction exemptions.
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Categories: Compliance | Tags: fiduciary rules , IRS , DOL , Field Assistance Bulletin No. 2017-01 , Announcement 2017-4 , fiduciary
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