To help your company educate its employees about wellness-related topics, we are happy to share the July 2018 edition of our “Live Well, Work Well” newsletter. This month’s edition focuses on topics regarding exercise and nutrition. The specific articles within the July 2018 edition of “Live Well, Work Well” are: Snack Smart, Save Money, Time [...]Continue Reading →
Archive for 'Benefits and Insurance'
On May 10, 2018, the IRS announced the contribution limits for health savings accounts (HSAs) for 2019. In addition, as part of Revenue Procedure 2018-30, the IRS also announced the deductible limits and out-of-pocket maximum limits for high deductible health plans (HDHPs) for 2019. Below is a brief overview of the new limits: I hope that [...]Continue Reading →
Effective July 1, 2018, Rhode Island employers will need to comply with the Healthy and Safe Families and Workplaces Act. We encourage all impacted clients to log-in to the CBGconnect portal and download our detailed Compliance Bulletin on this topic. For your reference, below is a brief overview of this Act. Rhode Island employers with [...]Continue Reading →
The annual deadline for reporting and paying the PCORI Fee is quickly approaching. For plan years ending in 2017, the PCORI fees are due by July 31, 2018. This compliance requirement primarily impacts two groups of employers: Employers that sponsor a self-insured health plan Employers that have a fully-insured health plan with a Health Reimbursement [...]Continue Reading →
On April 26, 2018, the IRS issued an announcement that impacts the maximum family contribution to a Health Savings Account (HSA). For 2018, taxpayers with family coverage under a high-deductible health plan (HDHP) may treat $6,900 as the maximum deductible HSA contribution. As you may recall: The IRS initially announced in May 2017 that $6,900 [...]Continue Reading →
Beginning in 2018, Massachusetts has implemented a new Employer Medical Assistance Contribution (EMAC) Supplement fee that may impact many employers. Generally speaking, an employer may be assessed a penalty if they have any employees that are enrolled in MassHealth (excluding the premium assistance program) or the subsidized coverage plan through the Massachusetts ConnectorCare program. April [...]Continue Reading →