compliance

compliance

Brinson Compliance Annual Review

Employers that sponsor group health plans should provide certain benefit notices in connection with their plans’ open enrollment periods.  Although these annual notices may be provided at different times throughout the year, employers often choose to include them in the new hire packet, at open ...

Compliance Reminder | ACA Reporting Obligation and Due Dates

If you are an Applicable Large Employer (ALE) and offer medical benefits to your employees, you are required to complete IRS forms 1095-C and 1094-C, and report appropriately to the IRS and to your employees. The reporting indicates which full-time employees were offered medical coverage during ...

DOL Announces 2023 Penalties for Health & Welfare Plan Compliance Errors

Since 2015, federal agencies have been required to annually review the laws and regulations they enforce to adjust applicable penalties for inflation. These adjustments, or so the theory goes, provide higher incentives for plan sponsors to ensure their benefit plans and programs remain ...

Compliance Recap | December 2022

US Department of Labor Releases Informational Copies of 2022 Form 5500 Series Annual Return and Report Informational copies of the 2022 Form 5500, Form 5500-SF, and their related instructions were released by the U.S. Department of Labor’s Employee Benefits Security Administration, the IRS, and ...

IRS Grants Permanent 30-Day Extension to Providing Individual ACA Statements

‘Tis the season for applicable large employers (ALEs) to scramble to meet their Affordable Care Act (ACA) obligation to provide full-time employees with individual statements that provide group health coverage information required to be filed with the IRS on Form 1095-C. Although the ACA ...

Feds Extend Prescription Drug Filing Deadline, Announce Relaxed Enforcement

The Departments of Labor, Health and Human Services, and the Treasury (collectively, the Departments) last week issued an FAQ that relieved filing entities from the December 27, 2022, deadline for providing certain information. The Departments understood many plans and carriers faced ...

Continuing Appropriations Act Extends HDHP Relief for Telehealth Services

President Biden last week signed the Continuing Appropriations Act, 2023 (CAA 23) to provide funding for the federal government through the current fiscal year. But employers also should know there were some critical benefits-related provisions tucked into CAA 23. Though many of the benefits ...

Compliance Recap | November 2022

In November, the IRS released revised guidance to address the so-called “family glitch,” permitting employers to allow mid-year election changes when someone related to a plan participant is eligible to elect a qualified health plan on the Marketplace. This is also a good ...

IRS Revises Guidance to Allow Expanded Mid-Year Cafeteria Plan Election Changes

The IRS recently released revised guidance to permit employers to amend their cafeteria plans to allow mid-year election changes when an individual related to a plan participant is eligible to elect a qualified health plan on the Marketplace due to either a special enrollment period or during ...

Compliance Recap | October 2022

IRS Announces Increased Limits for Certain Employee Benefits, Higher Fines for ACA Reporting Failures Each year, just as the leaves turn to the fiery shades of autumn, the Internal Revenue Service (IRS) announces how much more “green” will be available during the coming year under various ...

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