VCG’s VANTAGE
A view into the latest Benefits and HR topics
18May 2018

IRS Announces 2019 HSA and HDHP Limits

Authors: |Benefits, Communications, Compliance, In The Know, Strategy|0 Comments

The 2019 Health Savings Account (HSA) Contribution Limits have been announced and plan participants will see a slight increase in the amount they can contribute.  The single contribution maximum will increase by $50 to $3,500 and the family maximum will increase by $100 to $7,000. The annual catch-up contribution for workers over age 55 will remain at $1,000. In order [...]

29Apr 2018

IRS Provides Relief Regarding Family HSA Contributions

Authors: |Administration, Benefits, Compliance, In The Know|0 Comments

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 announced at $3,450.  Participants who [...]

23Apr 2018

Required Participant Notices for Wellness Programs

Authors: |Administration, Benefits, Communications, Compliance, In The Know, Workplace Wellness|0 Comments

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 latter rules include important participant [...]

9Apr 2018

2018 Health and Welfare Compliance Dates

Authors: |Administration, Benefits, Communications, Compliance, In The Know|0 Comments

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 April 2 Form 1094-B and [...]

2Apr 2018

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

Authors: |Administration, Benefits, Communications, Compliance, In The Know|0 Comments

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 relate to claims and appeals [...]