Administration

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A view into the latest Benefits and HR topics

IRS Extends ACA Reporting Deadline (Again)

Authors: |December 4th, 2018|Administration, Benefits, Communications, Compliance, In The Know, Technology|

In the recently released Notice 2018-94, the IRS provided reporting relief for employers for the 2018 calendar year.  Here are the key points. The due date for providing Forms 1095-C or 1095-B to employees and individuals is extended 32 days to March 4, 2019 Despite the extension, the IRS is encouraging reporting entities to furnish [...]

IRS Announces 2019 Health FSA and Commuter Contribution Limits

Authors: |November 15th, 2018|Administration, Benefits, Compliance, In The Know|

The IRS announced annual adjustments to Health Care Flexible Spending Accounts and Parking and Transit Accounts. Benefit Plan 2018 Limit 2019 Limit Health FSA $2,650/year $2,700/year Parking and Transit Account $260/month $265/month   Employers are not required to increase their Health FSA to reflect the new limit.  It may not be administratively feasible for groups [...]

Required Reporting, Disclosures and Notices for Group Health Plans

Authors: |November 2nd, 2018|Administration, Benefits, Communications, Compliance, In The Know|

Participants must be provided with various notices in connection with an employer’s group health plan.  The notices are required at certain intervals including initially, upon annual open enrollment and at termination. Notices with Initial Enrollment Materials Notice of Exchange Availability. This notice must contain certain basic information about the employer’s group health coverage so the [...]

Medical Loss Ratio (MLR)

Authors: |September 20th, 2018|Administration, Benefits, Communications, Compliance, In The Know|

The Affordable Care Act (ACA) requires health insurance issuers to spend a minimum percentage of premium dollars on medical care and health care quality improvement, which is intended to lower the cost of care. This percentage is known as "medical loss ratio" (MLR). In the large group insurance market, the required MLR is 85%; the [...]

When Can SPDs and Participant Notices be Distributed Electronically?

Authors: |August 23rd, 2018|Administration, Benefits, Communications, Compliance, In The Know, Technology|

Summary Plan Description (SPD) is a document that employers are required to give to employees in retirement plans or health benefit plans covered by ERISA.  The SPD is simply a summary of the plan document required to be written in such a way that the participants of the benefits plan can easily understand it. Employers [...]

U.S. News Best Hospitals Rankings 2018-2019

Authors: |August 22nd, 2018|Administration, Benefits, Decision Making, In The Know, Technology, Workplace Wellness|

On August 14th, U.S. News and World Report released their annual top hospitals rankings. The top five nationally were: Mayo Clinic, Rochester, MN Cleveland Clinic Johns Hopkins Hospital, Baltimore Massachusetts General Hospital, Boston University of Michigan Hospitals-Michigan Medicine Ann Arbor They also reported regional rankings for 200 metropolitan areas and the top five hospitals in selected [...]

IRS Provides Relief Regarding Family HSA Contributions

Authors: |April 29th, 2018|Administration, Benefits, Compliance, In The Know|

On April 26th the IRS announced that the 2018 Health Savings Account (HSA) contribution limit for family coverage will be $6,900.  This is welcome relief in response to the March change that reduced the limit by $50 possibly putting some participants at risk for excess contributions.  The HSA limit for individual coverage remains as originally [...]

Required Participant Notices for Wellness Programs

Authors: |April 23rd, 2018|Administration, Benefits, Communications, Compliance, In The Know, Workplace Wellness|

Wellness programs are subject to several federal laws including ERISA, the affordability rules of the Affordable Care Act, COBRA, and the Internal Revenue Code.  In addition, wellness programs may be subject to the HIPAA/ACA wellness program rules and the EEOC wellness program regulations issued under the Americans with Disabilities Act (the “ADA”) and GINA. These [...]

2018 Health and Welfare Compliance Dates

Authors: |April 9th, 2018|Administration, Benefits, Communications, Compliance, In The Know|

This chart summarized the key filing and disclosure requirements in connection with group health and welfare plans. Deadline Requirement Description January 31 Form W-2s Employers that filed 250 or more Form W-2s in the prior year must report the cost of employer sponsored group health coverage in Box 12, using Code DD. February 28 or [...]

Disability Claims Rules are Effective April 1, 2018 – What Does This Mean for Employers?

Authors: |April 2nd, 2018|Administration, Benefits, Communications, Compliance, In The Know|

Effective April 1, 2018, plans that include disability benefits and are subject to ERISA must comply with new procedural protections issued by the Department of Labor (DOL). Entities that administer disability benefit claims, including insurance carriers and third-party administrators, will need to revise their claims procedures to comply with the final rule. Because the changes [...]