Blog

  • IRS Releases Draft 2019 ACA Reporting Forms and Instructions

    This blog post is of interest to Applicable Large Employers (employers with 50 or more full-time equivalent employees) and employers of any size with self-insured plans. The IRS has released draft forms and instructions for the 2019 B-Series and C-Series reporting…
  • 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…
  • 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…
  • FLSA Overtime Updates

    The U.S. Department of Labor (DOL) announced on September 24, 2019, that it will publish a final overtime rule, setting the minimum salary threshold for overtime eligibility exemptions at $35,568or $684 per week. This is an increase from the current amount of $23,660 or…
  • Satisfy Your HIPAA Training & Regulatory Requirements

    Join us for an overview of HIPAA's Privacy and Security Rules. During this webinar we will review how HIPAA applies to employer-sponsored group health plans, including which plans are subject to HIPAA and what to do when there is a breach of protected health…
  • IRS Issues Affordability Percentage Adjustment for 2020

    The Internal Revenue Service (IRS) has released Rev. Proc. 2019-29, which contains the inflation adjusted amounts for 2020 used to determine whether employer-sponsored coverage is “affordable” for purposes of the Affordable Care Act’s (ACA) employer…
  • IRS Expands HSA Preventive Care Safe Harbor to Include Chronic Conditions

    On July 17, 2019, the Internal Revenue Service (IRS) released Notice 2019-45, which expands the definition of preventive care benefits that can be provided by a high deductible health plan (HDHP) to include certain chronic conditions. The guidance in the Notice may be…