October 2, 2019
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.
In fact, with renewed focus, upgraded technology and agent support, the IRS has significantly ramped up efforts to assess penalties for non-compliance with the ACA employer mandate (also known as Employer Shared Responsibility Payment, or ESRP).
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September 8, 2023
Tenth Circuit Court of Appeals Hands Down a Big Win for ERISA Preemption After several failed attempts by pharmacy benefit managers (“PBM”) to challenge state laws regulating PBMs, the 10th Circuit Court of Appeals (in Pharmaceutical Care Management Association v. Mulready) handed down a big win for PBMs and, by extension, self-funded ERISA plans, when […]
August 28, 2023
IRS Issues Affordability Percentage Adjustment for 2024 The Internal Revenue Service (IRS) has released Rev. Proc. 2023-29, which contains the inflation adjusted amounts for 2024 used to determine whether employer-sponsored coverage is “affordable” for purposes of the Affordable Care Act’s (ACA) employer shared responsibility provisions and premium tax credit program. As shown in the table […]