compliance

Compliance Recap | November

November was a busy month in the employee benefits world. The Internal Revenue Service (IRS) extended the due date for employers to furnish Forms 1095-C or 1095-B to individuals, extended “good faith compliance efforts” relief for 2018, and issued specifications for employer-provided substitute ...

Nondiscrimination Rules for Cafeteria Plans

A cafeteria plan is an employer-provided written plan that offers employees the opportunity to choose between at least one permitted taxable benefit and at least one qualified employee benefit. There is no federal law that requires employers to establish cafeteria plans; however, some states ...

An Employer’s Guide to Annual Group Health Plan Notices

Employers that sponsor group health plans are required to give eligible employees a number of notices each year. Some notices must be given by a particular date, and some must be given as part of the enrollment packet. (This means that non-calendar year plans may need to provide Medicare Part D ...

Compliance Recap | October 2018

October was a busy month in the employee benefits world. The Internal Revenue Service (IRS) released final forms and instructions for 2018 ACA reporting. The Department of Health and Human Services (HHS) released inflation-adjusted civil monetary penalty amounts. The Treasury, the Department of ...

How to Handle Benefits When an Employee is on Leave

Employers often have questions about what benefits they must maintain for employees who go on leave. Whether an employer must maintain a particular benefit will depend on a variety of factors, including the type of leave, the employer’s written policy, and federal and state laws. This chart ...

IRS Releases Final Forms & Instructions for 2018 ACA Reporting

Background Under the Patient Protection and Affordable Care Act (ACA), individuals are required to have health insurance while applicable large employers (ALEs) are required to offer health benefits to their full‑time employees. Reporting is required by employers with 50 or more full-time (or ...

Compliance Recap | September 2018

September was a relatively busy month in the employee benefits world. The Internal Revenue Service (IRS) released draft 2018 instructions for Forms 1094-B, 1095-B, 1094-C, and 1095-C. The IRS also issued an information letter regarding health flexible spending accounts and guidance on the ...

Federal Tax Credit for Employer-Provided Paid Family & Medical Leave (updated)

Updated September 24, 2018 In December 2017, the Tax Cuts and Jobs Act (Act) included a new federal tax credit for employers that provide paid family and medical leave (FML) to their employees. To be clear, the Act does not require employers to provide paid leave. However, eligible employers ...

IRS Releases Draft Forms and Instructions for 2018 ACA Reporting

Background Under the Patient Protection and Affordable Care Act (ACA), individuals are required to have health insurance while applicable large employers (ALEs) are required to offer health benefits to their full‑time employees. Reporting is required by employers with 50 or more full-time (or ...

Compliance Recap | August 2018

August was a relatively quiet month in the employee benefits world. The Internal Revenue Service (IRS), the Department of Health and Human Services (HHS), and the Department of Labor (DOL) published a final rule that amends the definition of short-term, limited-duration insurance. HHS also ...