Blog

  • Massachusetts Employers Must File HIRD Form by December 15

    Below are compliance updates on the Heath Insurance Responsibility Disclosure (HIRD) form that Massachusetts employers must complete annually by December 15. Note that the HIRD form requirement applies to employers with 6 or more employees working in Massachusetts.
  • Health FSA Contribution Limit Increases to $2,750 for 2020

    On November 6, 2019, the Internal Revenue Service (IRS) released Revenue Procedure 2019-44, which raises the health Flexible Spending Account (FSA) salary reduction contribution limit by $50 to $2,750 for plan years beginning in 2020. The Revenue Procedure also contains…
  • IRS Releases Guidance for Employers Offering Individual Coverage HRAs

    The proposed regulations will assist Applicable Large Employers who offer ICHRAs in determining the “required employee contribution” for purposes of line 15 of Form 1095-C. This alert is of interest to Applicable Large Employers who intend to sponsor an ICHRA…
  • Employee Spotlight: Dan Yacovella

    This month's pick for Employee Spotlight is Dan Yacovella. Dan is a client executive within our Property and Casualty division at The Fedeli Group. Dan has experience working with manufacturing and professional service firms, large real estate and property management,…
  • CISA Insights—Ransomware Outbreak

    Ransomware has rapidly emerged as the most visible cybersecurity risk playing out across our nation’s networks, locking up private sector organizations and government agencies alike. And that’s only what we’re seeing – many more infections are…
  • Ransomware Attacks Are Testing Resolve of Cities Across America

    HOUSTON — At the public library in Wilmer, Texas, books were checked out not with the beeps of bar code readers but with the scratches of pen on notebook paper. Out on the street, police officers were literally writing tickets — by hand. When the entire…
  • AMCA Bankruptcy Filing in Wake of Breach Reveals Impact

    In a case underscoring the potential financial havoc wreaked by data breaches, the 42-year-old parent company of American Medical Collection Agency has filed for bankruptcy just weeks after disclosing a data breach that affected its largest clients and millions of patients.
  • Ransomware Attack Strikes 20 Texas Local Governments

    More than 20 local governments in Texas were targeted in a coordinated ransomware attack of unprecedented size.The Texas Department of Information Resources said in a statement that it believes a single source is behind all 22 of the attacks. It didn’t name the…
  • IRS Sending ACA Penalty Letters at Staggering Pace

    The HRWS Advisory and Compliance teams have been inundated with calls and emails from clients regarding ACA penalty letters coming from the IRS. In the coming months, the pace of penalty letters is expected to increase substantially.
  • Departments Adopt Non-Enforcement Policy on Drug Manufacturer Coupons

    Currently, the ACA’s out-of-pocket limits for plan years beginning in 2019 are $7,900 individual/$15,800 family (2020 limits are being increased to $8,150/$16,300). In an effort to credit only the amount paid toward prescription drug by an employee or dependent…