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HCR Updates

IRS Confirms ACA Mandate Penalties Still Effective

IRS Confirms ACA Mandate Penalties Still Effective
The Internal Revenue Service (IRS) Office of Chief Counsel has recently issued several information letters regarding the Affordable Care Act’s (ACA) individual and employer mandate penalties. These letters clarify that: IRS Confirms ACA Mandate Penalties Still Effective 8-3-17

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Senate Releases Draft ACA Replacement Bill

Senate Releases Draft ACA Replacement Bill
On June 22, 2017, Republicans in the U.S. Senate released a draft of their proposal to repeal and replace the Affordable Care Act (ACA), called the Better Care Reconciliation Act (BCRA). The Senate bill closely mirrors the proposal passed in the House of Representatives—the American Health Care Act (AHCA)—with some differences. Senate Releases Draft ACA […]

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ACA Overview – Highlights for 2017 Compliance

ACA Overview – Highlights for 2017 Compliance
The Affordable Care Act (ACA) has made a number of significant changes to group health plans since the law was enacted in 2010. Many of these key reforms became effective in 2014 and 2015, including health plan design changes, increased wellness program incentives and the employer shared responsibility penalties. hcr-highlights-for-2017-compliance

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ACA Compliance Bulletin – 2016 Furnishing Deadline for ACA Reporting Delayed

ACA Compliance Bulletin – 2016 Furnishing Deadline for ACA Reporting Delayed
On Nov. 18, 2016, the Internal Revenue Service (IRS) issued Notice 2016-70 to: Extend the due date for furnishing forms under Sections 6055 and 6056 for 2016 for 30 days, from Jan. 31, 2017, to March 2, 2017; and Extend good-faith transition relief from penalties related to 2016 information reporting under Sections 6055 and 6056. […]

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Impact of the ACA in U.S. Territories

Impact of the ACA in U.S. Territories
The Affordable Care Act (ACA) makes significant changes to the U.S. health care system, including new coverage requirements, patient protections and cost limitations. impact-of-the-aca-in-u-s-territories-10-31-16

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Articles

IRS Announces Benefit Plan Limits for 2018

IRS Announces Benefit Plan Limits for 2018
Many employee benefits are subject to annual dollar limits that are periodically increased for inflation. The Internal Revenue Service (IRS) recently announced cost-of-living adjustments to the annual dollar limits for various welfare and retirement plan limits for 2018. Although some of the limits will remain the same, many of the limits will increase for 2018. […]

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Final Forms for 2017 ACA Reporting Released

Final Forms for 2017 ACA Reporting Released
On Sept. 28, 2017, the Internal Revenue Service (IRS) released final 2017 forms for reporting under Internal Revenue Code (Code) Sections 6055 and 6056. Final Forms for 2017 ACA Reporting Released 10-2-17

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Senate Releases Draft ACA Replacement Bill

Senate Releases Draft ACA Replacement Bill
On June 22, 2017, Republicans in the U.S. Senate released a draft of their proposal to repeal and replace the Affordable Care Act (ACA), called the Better Care Reconciliation Act (BCRA). The Senate bill closely mirrors the proposal passed in the House of Representatives—the American Health Care Act (AHCA)—with some differences. Senate Releases Draft ACA […]

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Affordability Percentages Will Decrease for 2018

Affordability Percentages Will Decrease for 2018
On May 5, 2017, the Internal Revenue Service (IRS) issued Revenue Procedure 2017-36 to index the contribution percentages in 2018 for purposes of determining affordability of an employer’s plan under the Affordable Care Act (ACA). For plan years beginning in 2018, employer-sponsored coverage will be considered affordable if the employee’s required contribution for self-only coverage […]

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IRS Announces HSA-HDHP Limits for 2018

IRS Announces HSA-HDHP Limits for 2018
On May 5, 2017, the Internal Revenue Service (IRS) released Revenue Procedure 2017-37 to announce the inflation-adjusted limits for health savings accounts (HSAs) and high deductible health plans (HDHPs) for 2018. These limits include: IRS Announces HSA-HDHP Limits for 2018

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Newsletter

Live Well, Work Well – January 2018

Live Well, Work Well – January 2018
The thyroid gland is a small, butterfly-shaped gland located at the base of the neck that helps control the function of many of the body’s organs and helps to set the metabolism. According to the Cleveland Clinic Foundation, approximately 20 million Americans have some form of thyroid disease and an estimated 12 percent of the […]

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HR Brief – January 2018

HR Brief – January 2018
The Equal Employment Opportunity Commission (EEOC) has launched a new online tool intended to make it easier for employees to initiate employment discrimination claims against their employers. HR Brief – January 2018

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Benefits Buzz – January 2018

Benefits Buzz – January 2018
On Dec. 16, 2016, the Department of Labor (DOL) released a final rule to strengthen the claims and appeals requirements for plans that provide disability benefits and are subject to the Employee Retirement Income Security Act (ERISA). That rule has been delayed until April 1, 2018. Benefits Buzz – January 2018

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Live Well, Work Well – December 2017

Live Well, Work Well – December 2017
For some, the holiday season is synonymous with charitable giving and showing kindness to your friends, family and even strangers. With that season once again upon us, here are three best practices for charitable giving: Live Well, Work Well – December 2017

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HR Brief – December 2017

HR Brief – December 2017
Last May, the Department of Labor (DOL) announced a new rule that would affect who qualifies for overtime. Since then, the rule has been blocked and is currently being appealed by the DOL. HR Brief – December 2017

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