Archive by month: 2017-5Return
RSS
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.
Read More
Categories: Benefits in General, Health Care Reform, Compliance | Tags: ACA , Affordability , IRS , Tax Credits

OCR Announces $2.5 Million HIPAA Settlement

posted on
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).
Read More
Categories: Compliance, Health Care in General | Tags: OCR , Office for Civil Rights , Health and Human Services , DHHS , CardioNet , settlement , HIPAA , Privacy , Security , mobile device

CRS Releases Report on AHCA

posted on
Last week, the Congressional Research Service (CRS) issued a report on the American Health Care Act (AHCA), which was passed on May 4, 2017 by the U.S. House of Representatives.
Read More
Categories: Health Care Reform | Tags: AHCA , American Health Care Act , CRS , Congressional Research Service , HR 1628 , H.R. 1628 , health care reform , repeal and replace

IRS Releases Updated Form 720 for PCOR Fees

posted on
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.
Read More
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:
Read More
Categories: Compliance, Health Care in General | Tags: HSA , IRS , FSA , HRA , HSA compatible , Limits , 2018

House Passes AHCA by Narrow Margin

posted on
The American Health Care Act (AHCA) was passed in the House of Representatives today by a narrow margin vote of 217-213.
Read More
Categories: Health Care Reform | Tags: AHCA , House , Health Care Reform , Congress
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.
Read More
Categories: Benefits in General, Compliance, Health Care in General | Tags: HSA , health savings account , IRS , information letter , Internal Revenue Service , Medicare