As a team of benefits strategists, we work hard every day to make sure we’re exceeding client expectations and providing the most innovative and value-generating plan designs and advisory services.
Archive: Compliance Notices
-
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 …
-
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) …
-
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 …
-
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 …
-
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 …
-
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 …
-
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 …
-
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 …
-
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. …
-
August 10, 2020
COMPLIANCE ALERT: States Update Employee Leave Requirements for COVID-19
The latest compliance bulletin briefly describes new state employee leave provisions and guidance enacted or issued in response to the …
-
July 27, 2020
COMPLIANCE ALERT: DOL Releases More Q&As on Workplace Laws and Coronavirus
The U.S. Department of Labor (DOL) announced the agency’s publication of additional guidance on applying federal employment laws in the …
-
July 24, 2020
COMPLIANCE ALERT: Affordability Percentages Will Increase for 2021
The IRS issued Revenue Procedure 2020-36 on July 21, to index the contribution percentages in 2021 for determining affordability of …
