Archive: Compliance Notices

  • December 10, 2019

    Compliance Alert: IRS Provides Transition Relief for 2019 ACA Reporting

    [vc_row][vc_column][vc_empty_space height=”10px”][/vc_column][/vc_row][vc_row][vc_column][vc_single_image image=”10759″ img_size=”full” alignment=”center”][/vc_column][/vc_row][vc_row][vc_column][vc_row_inner][vc_column_inner][vc_column_text] OVERVIEW On Dec. 2, 2019, the Internal Revenue Service (IRS) issued Notice 2019-63 to: Extend the due date for furnishing forms under Sections 6055 and 6056 for 2019 from Jan. 31, 2020, to March 2, 2020. Extend good-faith …

  • November 22, 2019

    Compliance Alert: Draft Forms for 2019 ACA Reporting Released

    [vc_row][vc_column][vc_empty_space height=”10px”][/vc_column][/vc_row][vc_row][vc_column][vc_single_image image=”10594″ img_size=”full” alignment=”center”][/vc_column][/vc_row][vc_row][vc_column][vc_row_inner][vc_column_inner][vc_column_text] OVERVIEW On Nov. 13, 2019, the Internal Revenue Service (IRS) released draft 2019 forms and instructions for reporting under Internal Revenue Code (Code) Sections 6055 and 6056. 2019 draft Forms 1094-C and 1095-C (and related …

  • November 12, 2019

    Compliance Alert: IRS Announces Employee Benefit Plan Limits for 2020

    [vc_row][vc_column][vc_empty_space height=”10px”][/vc_column][/vc_row][vc_row][vc_column][vc_single_image image=”10502″ img_size=”full” alignment=”center”][/vc_column][/vc_row][vc_row][vc_column][vc_row_inner][vc_column_inner][vc_column_text] OVERVIEW Many employee benefits are subject to annual dollar limits that are periodically increased for inflation. The Internal Revenue Service (IRS) recently announced cost-of-living adjustments to the annual dollar limits for various welfare and retirement …

  • November 4, 2019

    Compliance Alert: ACA OVERVIEW – 2020 Compliance Checklist

    [vc_row][vc_column][vc_empty_space height=”10px”][/vc_column][/vc_row][vc_row][vc_column][vc_single_image image=”10406″ img_size=”full” alignment=”center”][/vc_column][/vc_row][vc_row][vc_column][vc_row_inner][vc_column_inner][vc_column_text] OVERVIEW The Affordable Care Act (ACA) has made a number of significant changes to group health plans since the law was enacted in 2010. Many of these key reforms became effective in 2014 and 2015, …

  • October 23, 2019

    Compliance Alert: Key HSA Features – 2020 Compliance

    [vc_row][vc_column][vc_empty_space height=”10px”][/vc_column][/vc_row][vc_row][vc_column][vc_single_image image=”10042″ img_size=”full” alignment=”center”][/vc_column][/vc_row][vc_row][vc_column][vc_row_inner][vc_column_inner][vc_column_text] OVERVIEW Health savings accounts (HSAs) are a popular type of tax-advantaged medical savings account available to individuals enrolled in high deductible health plans (HDHPs). Individuals can use their HSAs to pay for expenses covered under …

  • October 18, 2019

    Compliance Alert: Proposed Rule on the Impact of ICHRAs on the ACA’s Pay or Play Rules

    [vc_row][vc_column][vc_empty_space height=”10px”][/vc_column][/vc_row][vc_row][vc_column][vc_single_image image=”9946″ img_size=”full” alignment=”center”][/vc_column][/vc_row][vc_row][vc_column][vc_row_inner][vc_column_inner][vc_column_text] OVERVIEW Beginning Jan. 1, 2020, some employers will be able to offer individual coverage HRAs (ICHRAs) to help employees pay for individual health insurance. ICHRAs were established by a final rule published on June 20, …

  • October 7, 2019

    Compliance Alert: Federal Agencies Finalize Resources for Mental Health Parity Compliance

    [vc_row][vc_column][vc_empty_space height=”10px”][/vc_column][/vc_row][vc_row][vc_column][vc_single_image image=”9797″ img_size=”full” alignment=”center”][/vc_column][/vc_row][vc_row][vc_column][vc_row_inner][vc_column_inner][vc_column_text] OVERVIEW The Departments of Labor, Health and Human Services and the Treasury (Departments) have finalized resources to promote compliance with the Mental Health Parity and Addiction Equity Act (MHPAEA). MHPAEA requires parity between mental health …

  • October 2, 2019

    Compliance Alert: DOL Issues New Salary Limits for Overtime Exemptions

    [vc_row][vc_column][vc_empty_space height=”10px”][/vc_column][/vc_row][vc_row][vc_column][vc_single_image image=”9744″ img_size=”full” alignment=”center”][/vc_column][/vc_row][vc_row][vc_column][vc_row_inner][vc_column_inner][vc_column_text] OVERVIEW On Sept. 24, 2019, the U.S. Department of Labor (DOL) announced a new final rule that updates the salary thresholds that some individuals must meet in order to qualify for a minimum wage and overtime exemption under the …

  • September 13, 2019

    Compliance Alert: Medicare Part D Notices Are Due Before Oct. 15, 2019

    [vc_row][vc_column][vc_empty_space height=”10px”][/vc_column][/vc_row][vc_row][vc_column][vc_single_image image=”9394″ img_size=”full” alignment=”center”][/vc_column][/vc_row][vc_row][vc_column][vc_row_inner][vc_column_inner][vc_column_text] OVERVIEW Each year, Medicare Part D requires group health plan sponsors to disclose to individuals who are eligible for Medicare Part D and to the Centers for Medicare and Medicaid Services (CMS) whether the health …

  • November 28, 2018

    Compliance Alert: IRS Begins Pay or Play Enforcement for 2016

      Overview In late 2018, the Internal Revenue Service (IRS) began issuing enforcement letters related to employers’ compliance with the employer shared responsibility rules under the Affordable Care Act (ACA) for the 2016 calendar year. These letters, known as Letter …

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