Archive by tag: HRAReturn
RSS

IRS Releases Updated Form 720 for PCOR Fees

posted on
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, 2018.
Read More
Categories: Health Care Reform, Compliance | Tags: PCOR Fee , Patient Centered Outcome Research Fee , July 31 , IRS Form 720 , HRA

Form 5500 Filing Tips-Who, When, What, How

posted on
The Form 5500 is an ERISA requirement for all health and welfare plans. All private sector employers, including corporations, s corporations, LLCs, sole proprietorship, partnerships, and non-profits that sponsor insured self-insured plans subject to ERISA have a filing requirement if they are large plans with 100 or more participants in the plan as of the first date of the plan year.
Read More
Categories: Benefits in General, Compliance | Tags: Form 5500 , IRS , EFAST2 , Wrap Plans , Health Care FSA , HRA , Insured Plans , 5500 Preparation , ERISA
Earlier this month, U.S. Representative Mike Kelly (R-PA) – a member of the House Ways and Means Committee and Rep. Earl Blumenauer (D-OR) co-authored H.R. 5138, the Bipartisan HSA Improvement Act. The proposed legislation would improve Health Savings Accounts (HSAs) for millions of Americans The legislation is co-sponsored by Erik Paulsen (R-MN), Ron Kind (D-WI), Terri Sewell (D-AL), and Brain Fitzpatrick (R-PA).
Read More
Categories: Benefits in General, Compliance, Health Care in General | Tags: HSA , Health Savings Accounts , Bipartisan HSA Improvement Act , Sen. Kelly , HR 5138 , Health Savings Act of 2017 , Sen. Hatch , FSA , HRA , S 403

IRS Publication 15-B on Fringe Benefits Released

posted on
March 6, 2018, the IRS released Publication 15-B, Employer's Tax Guide to Fringe Benefits for use in 2018. As a result of changes related to the Tax Cuts and Jobs Act passed late in 2017, the Publication on page 20 outlines the tax treatment of qualified transportation fringe benefits to employees, including those provided through the use of salary reduction program.
Read More
Categories: Benefits in General, Compliance | Tags: Publication 15-B , Transportation plans , parking , transit , bicycling benefit , Tax Cuts and Jobs Act , QSEHRA , health flexible spending account , business mileage , tax reform

Proposed Rules for Short Term Health Insurance

posted on
The Department of Health and Human Services (HHS) released a proposed rule on short-term, limited duration health insurance on February 20, 2018 as a result of that executive order.
Read More
Categories: Health Care Reform, Compliance, Health Care in General | Tags: Short Term Health Insurance , Executive Order 13813 , HRA , Health plans , HHS , Proposed Rule Short Term Health Insurance
EBRI has released the results of a 2017 survey on worker opinion on health care in the U.S.
Read More
Categories: Benefits in General, Health Care in General | Tags: EBRI , FSA , HRA , HSA , Health

Income Tax Season is Upon Us

posted on
January 29, 2018 marked the start of tax filing season. People have until Tuesday, April 17, 2018, to file their 2017 returns and pay any taxes due. The filing tax deadline is later this year due to several factors.
Read More
Categories: Benefits in General, Health Care Reform, Compliance | Tags: IRS , 1095-A , 1095-B , 1095-C , 1099-SA , 5498-SA , HSA , Dependent Care FSA , Form 2441 , Form 8889 , ACA , group health insurance , HRA , PEB , COBRA Beneficiary
Taxpayers interested in filing itemized deductions for medical expenses will find the IRS Pub. 502 a useful resource when preparing their federal income tax returns.
Read More
Categories: Benefits in General, Compliance | Tags: IRS , Pub 502 , Medical Expense , Itemized Deduction , FSA , HRA , HSA , 7.5%

IRS Releases QSEHRA Guidance

posted on
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.
Read More
Categories: Benefits in General, Health Care Reform, Compliance, Health Care in General | Tags: QSEHRA , IRS , Qualfied Small Employer HRA
On October 12, 2017, President Donald J. Trump signed an executive order directing the Departments of Treasury, Labor and Health and Human Services to consider proposing regulations or revising guidance that would affect certain types of health insurance plans and health reimbursement arrangements.
Read More
Categories: Health Care Reform, Health Care in General | Tags: Trump , President , Executive Order , HRA , AHP , health plan , insurance , ACA , White House , STLDI , Treasury , Labor , HHS , Health and Human Services
Page 1 of 4FirstPrevious[1]234NextLast