May 13, 2016

ACA Regulations Roundup

The IRS has also added filing errors relating to Form 5500 to its project list, and multiple federal agencies confirmed that the just-announced templates relating to the Summary of Benefits and Coverage will not go into effect until the first day of the first plan year beginning on or after April 1, 2017.
August 28, 2015

IRS Issues Second Notice to Assist in Developing Cadillac Tax Regulations

The IRS has issued its second notice regarding the upcoming implementation of the Patient Protection and Affordable Care Act’s (ACA) excise tax on high cost employer-sponsored health coverage, also known as the “Cadillac tax.” Read more here...
July 24, 2015

New ACA Implications for Cafeteria Plans: Change in Status and Changing Employee Elections

Cafeteria plans, or plans governed by IRS Code Section 125, allow employers to help employees pay for expenses such as health insurance with pre-tax dollars. Employees are given a choice between a taxable benefit (cash) and two or more specified pre-tax qualified benefits, for example, health insurance. Employees are given the opportunity to select the benefits they want, just like an individual standing in the cafeteria line at lunch. Read more here...
June 22, 2015

PCORI Fees Due July 31 for Many Health Plans. How Much Do You Owe?

The Patient-Centered Outcomes Research Institute (PCORI) fee is to support this research and applies from 2012 to 2019. The fee is due based on plan/policy years ending on or after October 1, 2012, and before October 1, 2019. Read more here...