On October 19, 2017, the IRS announced that the annual contribution limit for a Healthcare Flexible Spending Account (FSA) will be increased for 2018. For 2018, employees will be allowed to contribute up to $2,650 into a Healthcare FSA. Employers should ensure that their healthcare FSA will not allow employees to make pre-tax contributions in [...]Continue Reading →
Archive for 'Human Resources'
In preparation for the Medicare fall open enrollment period, employers that sponsor group health plans that include prescription drug coverage are required to notify all Medicare-eligible individuals whether such coverage is creditable. This year, plan sponsors must provide the annual disclosure notice to Medicare-eligible individuals by October 14, 2017. The creditable coverage disclosure notice must [...]Continue Reading →
On July 28, 2017, the IRS released draft versions of the forms that employers will use to report on the health insurance coverage they offered in 2017. Generally, most applicable employers will use Form 1094-C and Form 1095-C to meet their reporting obligation under the Affordable Care Act. Below are links to the draft versions [...]Continue Reading →
On July 17, 2017, the USCIS released a new version of and instructions for Form I-9, Employment Eligibility Verification. Employers must use only the new version by September 18, 2017. Here is an overview of some of the key changes: The Consular Report of Birth Abroad (Form FS-240) will be added to List C. Employers [...]Continue Reading →
To help your company meet its ongoing compliance requirements, I wanted to provide a brief reminder about the annual Form 5500 filing deadline. Below are a few key points to note about this requirement. When to File: The Form 5500 must be filed with the DOL by the last day of the seventh month after [...]Continue Reading →
On June 22, 2017, Republicans in the U.S. Senate released a draft of their proposal to repeal and replace the Affordable Care Act (ACA). The proposal is being called the Better Care Reconciliation Act (BCRA). Debate is currently occurring that will impact whether and when a vote may be taken regarding this Act. While some [...]Continue Reading →
Over the past several years, an increasing number of our clients have added Health Savings Accounts (HSAs) to their employee benefits programs. In addition to helping these organizations develop innovative and cost-effective funding strategies when implementing HSAs, we also seek to provide dynamic communication materials to help them educate their employees. This includes videos, case [...]Continue Reading →