call us today 888.722.8382

This email address is being protected from spambots. You need JavaScript enabled to view it.

Benefits Blog

You are invited to participate in our next client webinar on Tuesday, May 16 at 11:00 am. This is a mini webinar session (15 minutes total) and will feature a discussion on the basics of how Medicare impacts employee benefit programs.

Key Non-ACA Compliance Items for 2017

by Jason Cogdill on 24 April, 2017 with Add new comment

During these first four months of 2017, most of the discussion regarding employee benefits has focused on the status of the Affordable Care Act (“ACA”), including efforts of Republicans in Congress and the White House to repeal, repair, or replace the 7 year-old health care law. Those efforts continue, although after recent developments it may be later in 2017 or in 2018 when we know the ultimate result for the ACA and what will come next.

As we approach the July 31 filing deadline for calendar year plans, it is helpful to look at the Form 5500 filing requirement for health and welfare plans. As a refresher, Form 5500 requirements are part of ERISA’s reporting and disclosure rules. These rules apply to all group-sponsored health and welfare plans unless an exemption applies. Specifically, plans with 100 or more participants on the first day of the plan year must file an annual Form 5500 with the federal Department of Labor. The filing is due on the last day of the 7th month after the plan year ends. The DOL requires electronic filing through the EFAST2 system.

Health FSA Coordination With HSA Eligibility Rules

by Christopher Macali on 23 March, 2017 with Add new comment

Despite the growth in Health Savings Account (“HSA”) popularity over the past few years, there remains a considerable amount of uncertainty regarding the rules for HSA eligibility, especially as they relate to Health Flexible Spending Account (“FSA”) coverage. It is important that employers adding High Deductible Health Plans (HDHPs) and HSAs as benefit options understand HSA eligibility rules and educate employees in order to protect the tax-favored status of HSA contributions.

A recent IRS Office of Chief Counsel Memorandum includes new guidance on the tax treatment of certain supplemental health benefits provided by employers.

Refresher on COBRA Compliance Basics

by Christopher Macali on 22 February, 2017 with Add new comment

COBRA has long been one of the most significant benefits compliance responsibilities for employers. If you need a refresher course on COBRA basics and key compliance requirements for employers, our recent short course will be helpful to you.

As of today, the ACA remains the law of the land. Despite all of the news and chatter from Washington regarding potential repeal, no developments of consequence have transpired.

2017 Client Webinar Series Schedule Available

by Christopher Macali on 08 February, 2017 with Add new comment

The schedule for our 2017 Client Webinar Series is now available on our website. We look forward to bringing you relevant, quality content regarding health and welfare plan administration in 2017.

2017 IRS Maximums & Limits for Welfare Benefit Plans

by Christopher Macali on 17 January, 2017 with Add new comment

The IRS has announced the following maximums and limits for 2017 Welfare Benefit Plans. Notably, the Health FSA maximum and HSA maximum contribution for self-only coverage increased $50. The HSA contribution maximum for family coverage and the minimum deductibles for HSA qualifying health plans remained the same.

Reminder: Dependent Care Reporting for W-2

by Christopher Macali on 08 December, 2016 with Add new comment

This reminder addresses the preparation of W2 Forms for your employees who participated in the Dependent Care Flexible Spending Account during the calendar year 2016.

As we process the results of Tuesday’s national elections, we begin to consider the impact on the employee benefits industry for 2017 and beyond.

Application of COBRA Coverage and Health FSA Carryover

by Christopher Macali on 11 October, 2016 with Add new comment

Earlier this year, the IRS provided much needed guidance regarding COBRA’s application to Health FSA plans with the carryover feature in IRS Notice 2015-87. The guidance largely confirmed our understanding of the issues.

You are invited to participate in our next client webinar on Tuesday, June 28 at 11:00 am. As the smoke continues to clear...

Doing Your Taxes? Don't Forget Your HSA

by Jason Cogdill on 14 January, 2016 with Add new comment

Health Savings Accounts (HSAs) continue to be a popular tax-favored investment and medical expense reimbursement component of employee benefits packages. Here are the basics to help you with tax time.

Reminder: Dependent Care Reporting for W-2

by Christopher Macali on 04 December, 2015 with Add new comment

This reminder addresses the preparation of W2 Forms for your employees who participated in the Dependent Care Flexible Spending Account during the calendar year 2015.

Turning 65? What You Need to Know About HSA Eligibility

by Christopher Macali on 30 November, 2015 with Add new comment

How is HSA eligibility impacted by an individual's 65th birthday and Medicare eligibility? There is often confusion around this topic and whether eligibility to make or receive Health Savings Account ("HSA") contributions ends upon an individual's 65th birthday.

Health FSA Max Remains $2,550 for 2016 Plan Years

by Jason Cogdill on 17 November, 2015 with Add new comment

On October 21, the IRS released Revenue Procedure 2015-53 providing certain cost of living and indexing information for 2016. In the Revenue Procedure, the IRS released the Health FSA max for 2016 plans, which will remain unchanged from 2015 - $2,550.

2016 IRS Maximums & Limits for Welfare Benefit Plans

by Christopher Macali on 11 November, 2015 with Add new comment

The IRS has announced the following maximums and limits for 2016 Welfare Benefit Plans. Notably, the Health FSA maximum, HSA minimum annual deductibles, and annual single HSA contribution limit remain unchanged. The annual family HSA contribution limit increases by $100.

Update on New ACA Reporting Requirements

by Christopher Macali on 09 November, 2015 with Add new comment

The ACA's new IRS reporting requirements for employers continue to be the hottest new compliance topic of 2015. To confirm, these requirements apply to employers that had 50 or more full-time employees, including full-time equivalents, during 2014. Employers subject to the requirements will have to provide Form 1095-C by 2/1/16 to all employees that were full-time during 2015, and provide Form 1094-C to the IRS, along with copies of all Forms 1095-C, by 2/29/16 (3/31/16 if electronically submitted).

It is becoming more common for physicians to charge "hold the spot" fees (retainer fees, access fees) or require patients to pay for MD/VIP programs in order to gain access to care or preferred services from the physician (favorable appointment booking, shorter waiting times).

You are invited to participate in our monthly client webinar on Tuesday, October 20 at 11:00 am. This session will provide several updates relevant to the current enrollment season, including...

Now is the time of year that Flexible Spending Account ("FSA") participants begin thinking about spending down remaining FSA funds to avoid losing contributions during the transition to the next plan year.

ERISA Compliance - New Wrap SPD Option

by Christopher Macali on 08 October, 2015 with Add new comment

Even amid the continued frenzy of the Affordable Care Act, many questions that we receive relate to long-standing benefits rules, such as ERISA requirements for SPDs. In response to the current need and demand for Wrap SPDs for health and welfare benefit plans, we have designed an efficient and economical solution for employers.

Why Your SPD Might Need an Update

by Christopher Macali on 15 September, 2015 with Add new comment

As the summer comes to a close and the 4th Quarter of 2015 approaches, the end of the plan year for many benefit plans is not far away. Often, a new plan year involves plan design changes or compliance changes that should be detailed in the plan legal documents and communicated to participants.

Upcoming Webinar - ERISA Update & Refresher on Plan SPDs

by Christopher Macali on 08 September, 2015 with Add new comment

You are invited to participate in our monthly client webinar on Tuesday, September 15 at 11:00 am. This short session (30 minutes) will provide an update on federal ERISA requirements for group health and welfare plans, including...

Upcoming Webinar - ACA Compliance for Employers

by Christopher Macali on 11 August, 2015 with Add new comment

You are invited to participate in our monthly client webinar on Tuesday, August 18 at 11:00 am. This session will focus on ACA compliance for employers of various sizes and will include...

Last month, the Supreme Court announced its decision in Obergefell v. Hodges, effectively preventing any state from prohibiting same-sex marriage and failing to recognize the benefits of marriage for same-sex spouses. For benefits purposes, Obergefell builds on the previous decision in U.S. v. Windsor and agency guidance following that decision.

July 31 - A Crucial Compliance Deadline

by Christopher Macali on 24 July, 2015 with Add new comment

Plan sponsors and advisors, remember, July 31 is an important deadline for two compliance requirements.

Looking Forward After King v. Burwell

by Jason Cogdill on 26 June, 2015 with Add new comment

The long-awaited Supreme Court decision is final. Much like June 2012, the ACA has survived another significant challenge, and it is once again full steam ahead for compliance with the law. I was not surprised by the result, but it was striking to see the 6-3 margin and the strength of position expressed by the Chief Justice in his majority opinion.

Affordable Care Act: Impacts on COBRA

by Charles Crabbe on 23 June, 2015 with Add new comment

If you or your clients are self-administering COBRA, why not help alleviate the burden of self-administration? Most groups find self-administering COBRA to be too complicated and time-consuming. In addition, the risks of COBRA non-compliance are simply too great to take for granted.

What Employers Need to Know About COBRA

by Christopher Macali on 10 June, 2015 with Add new comment

You are invited to participate in our monthly client webinar on Tuesday, June 16 at 11:00 am. This session (45 minutes) will provide an update on federal COBRA requirements for group health plans.

PCOR Fees

by Christopher Macali on 08 June, 2015 with Add new comment

Once again it is time to start thinking about PCOR fees for your self-funded health plans.

Page 1 of 2

Recent Posts

  • 12 May, 2017 Jason Cogdill
    You are invited to participate in our next client webinar on Tuesday, May 16 at…
  • 24 April, 2017 Jason Cogdill
    During these first four months of 2017, most of the discussion regarding employee benefits has…
  • 10 April, 2017 Christopher Macali
    As we approach the July 31 filing deadline for calendar year plans, it is helpful…