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The IRS issued Notice 2018-03, announcing the optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes.
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Categories: Benefits in General, Health Care Reform, Compliance | Tags: IRS , Medical , Mileage , Charitable , Business , 2018 Limits
In late August, the Office of Management and Budget approved the DOL’s proposal to extend the transition period for full implementation of the new Fiduciary Rule and related prohibited transaction exemptions by 18 months—from January 1, 2018 to July 1, 2019. The DOL also issued additional FAQ guidance relating to the Fiduciary Rule.
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Categories: Compliance | Tags: fiduciary , fiduciary rule , Department of Labor , DOL , PTE , HSA , health savings accounts , arbitration , FAQ , prohibited transaction exemptions , best interest , ERISA , Internal Revenue Code
Today, the House Ways and Means Committee announced the introduction of a number of bills dealing with ACA-related taxes, including one which would delay implementation of the Cadillac tax for one additional year.
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Categories: Health Care Reform, Health Care in General | Tags: Cadillac tax , health insurance , ACA , Affordable Care Act
The Congressional Research Service (CRS) released a report earlier this year that was intended to serve as a resource guide to aid Congressional staffers when answering frequently-asked questions about the Affordable Care Act. On December 1, 2017, CRS released a revised and updated version of the report.
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Categories: Health Care Reform, Health Care in General | Tags: Affordable Care Act , ACA , CHIP , Congressional Research Service , CRS
The Employers Council on Flexible Compensation, the Society for Human Resource Management, the National Association of Health Underwriters, and 33 other prominent employer advocacy trade groups signed onto a letter earlier this week urging that Congress grant relief for employers from the Cadillac Tax, the Health Insurance Tax and the medical device tax.
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Categories: Benefits in General, Health Care Reform, Health Care in General | Tags: Cadillac tax , health insurance , ECFC , SHRM , NAHU , Employers Council on Flexible Compensation , Society for Human Resource Management , National Association of Health Underwriters , letter , Congress , tax reform , benefits
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