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Employee Benefits Medicare Secondary Payer Chart

With more employees staying in the workforce past the age of 65, it is very important for organizations to know the Medicare Secondary Payer rules. To help in this regard, we encourage you to download the “Medicare Secondary Payer Chart” by filling out the form below. This attorney-reviewed chart, which is provided by HR360, identifies […]

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IRS Health Care Tax Tip Addresses ACA and Reporting Health Coverage on Tax Forms

To help taxpayers understand how their health coverage for 2015 will impact their filing of taxes, the IRS recently issued a new “Health Care Tax Tip”. While most taxpayers will simply need to check a box on their tax return to indicate they had health coverage for all of 2015, there are a few forms […]

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IRS Issues Guidance in Response to Recent Legislation Affecting Transit Benefits

On January 11th, 2016, the IRS issued guidance to help clarify how the retroactive increase in excludable tax benefits applies for 2015. We encourage all clients to read the full text of the guidance, as it outlines detailed procedures and examples that may apply to your specific situation. Here is a brief overview of the […]

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Affordable Care Act News Update: Cadillac Tax Delayed for Two Years

On December 18th, 2015, President Barack Obama signed a federal budget bill for 2016 into law which makes significant changes to some of the tax provisions under the Affordable Care Act (ACA). For employers, the most noticeable impact is a delay on implementing the ACA’s “Cadillac Tax” until 2020. Under the ACA, there will be […]

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Reinsurance Fee Contribution Form Due November 16, 2015

Under the Affordable Care Act, employers that provide a self-funded group health plan (as well as health insurance issuers for fully-insured plans) must fund a traditional reinsurance program. The fees will be used to help stabilize premiums for coverage in the individual market for the first three years of the Exchange operation (2014 – 2016). […]

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ACA Small Group Market Rule Repealed

On October 7, 2015, President Obama signed the Protecting Affordable Coverage for Employees (PACE) Act into law. The PACE Act repeals the Affordable Care Act (ACA) requirement that the small group market in every state be expanded to include businesses with 51-100 employees. Most states have historically defined “small employers” as those with 50 or […]

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Medicare Part D Creditable Coverage Notices Due Prior to October 15th

Does your organization sponsor a group health plan that includes prescription drug coverage? If so, please take note of the upcoming compliance deadline regarding Medicare Part D Creditable Coverage Notices. This written disclosure notice must be provided annually prior to October 15th (as well as various other times as required under the law) to the […]

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ACA Reporting: Important Information for Employers That Plan to File Directly

As the deadline for meeting the employer reporting requirements under the Affordable Care Act draws closer, it’s critical that employers take steps to ensure that they will be ready to file Form 1094-C and Form 1095-C. While we await the final versions of those forms, the IRS has released draft forms that employers can use […]

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DOL Proposes Changes to FLSA White Collar Exemption Rules

The U.S. Department of Labor (DOL) has issued a proposed rule to modify the “white collar exemptions” provided by the Fair Labor Standards Act (FLSA). The white collar exemptions are minimum wage and overtime exception rules for executive, administrative, professional, outside sales, and computer employees. Here are a few key updates of the proposed rule: […]

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Posted in: Human Resources, Legislation

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Health Care Reform News: IRS Releases 2015 Draft Forms for Employer Reporting of Health Coverage

On June 16, 2015, the Internal Revenue Service (IRS) released draft forms for 2015 to help employers prepare for the new information reporting provisions under the Affordable Care Act (ACA). Certain employers are required to report for the first time in early 2016 for calendar year 2015. The reporting requirements come under IRS Code Sections 6055 and 6056. The purpose […]

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