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Archive: Compliance Notices
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January 25, 2021
COMPLIANCE ALERT: IRS Issues Final Rule on Pay or Play and Nondiscrimination Rules for ICHRAs
Since 2020, employers have been able to offer individual coverage HRAs (ICHRAs) to help employees pay for individual health insurance. …
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January 6, 2021
COMPLIANCE ALERT: Upcoming ACA Reporting Deadlines 2021
Entities must report ACA returns with the IRS by March 1, 2021, since Feb. 28, 2021, is a Sunday or …
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December 28, 2020
Legal Update: Stimulus Bill Includes Temporary Special Rules for FSAs
On Dec. 27, 2020, the Consolidated Appropriations Act of 2021 was signed into law. The Act provides temporary special rules …
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December 14, 2020
COMPLIANCE ALERT: PCORI Fee Amount Adjusted for 2021
The Internal Revenue Service (IRS) issued Notice 2020-84 to increase the PCORI fee amount for plan years ending on or …
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November 9, 2020
COMPLIANCE ALERT: Health FSA Limit will Remain the Same for 2021
The Affordable Care Act (ACA) imposes a dollar limit on employees’ salary reduction contributions to health flexible spending accounts (FSAs) …
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October 21, 2020
COMPLIANCE ALERT: Draft Instructions for 2020 ACA Reporting Released
Employers should become familiar with these forms and instructions for reporting for the 2020 calendar year. However, these are draft …
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October 6, 2020
COMPLIANCE ALERT: IRS Provides Transition Relief for 2020 ACA Reporting
This due date for filling forms with the IRS for 2020 remains March 1, 2021 (since Feb. 28, 2021 is …
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September 23, 2020
COMPLIANCE ALERT: Medicare Part D Notices are Due Before Oct. 15, 2020
Each year, Medicare Part D requires group health plan sponsors to disclose to individuals who are eligible for Medicare Part …
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September 4, 2020
COMPLIANCE ALERT: Medicare Part D – Prescription Drug Benefit
The Medicare Prescription Drug, Improvement and Modernization Act of 2003 (MMA) added a voluntary outpatient prescription drug benefit to the …
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September 3, 2020
COMPLIANCE ALERT: 2021 Open Enrollment Checklist
To prepare for open enrollment, group health plan sponsors should be aware of the legal changes affecting the design and …
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August 31, 2020
COMPLIANCE ALERT: DOL Issues New FAQs on FFCRA Leave and Return to School
A new “Return to School” section was added to the DOL’s existing FFCRA FAQs on Aug. 27. The new section’s …
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August 20, 2020
COMPLIANCE ALERT: IRS Offers Guidance on COVID-19 Employee Leave-sharing Plans
The IRS said employers may set up leave-sharing plans under IRS Notice 2006-59 to benefit employees adversely affected by COVID-19. …