November 2, 2020
The IRS has recently updated Forms 1094 & 1095 for the 2020 plan year that include new reporting requirements for Individual Coverage HRAs (ICHRAs)…
Read MoreIRS Updates Benefit Plan Limits for 2021
October 27, 2020
The IRS recently updated the following benefit plan limits for 2021 to adjust for inflation…
Read MoreIRS Finalizes 2020 Plan Year ACA Forms
The IRS recently released Forms 1094 and 1095 (and instructions) for the 2020 plan year…
Read MoreIRS Extends 2021 ACA Reporting Deadline
October 8, 2020
The IRS recently announced that it will be extending the filing deadline for 1095 forms for the 2020 plan year. Employers will now be required to provide employees with a copy of their 1095-B or 1095-C form by March 2, 2021…
Read MoreDOL Releases Update to Clarify COVID-19 Paid FMLA Rules
September 23, 2020
The Department of Labor (DOL) has recently issued new regulations to help clarify certain provisions related to paid FMLA under the Families First Coronavirus Response Act (FFCRA)…
Read MoreIRS Increases ACA Affordability Percentage for 2021
July 28, 2020
The IRS recently announced the ACA affordability percentage for 2021, increasing the percentage from 9.78% to 9.83%…
Read MoreIRS Releases Annual PCORI Fee Adjustment
June 12, 2020
The IRS has recently adjusted the Patient-Centered Outcomes Research Institute (PCORI) fee to $2.54 for plan years ending on or after October 1, 2019, and before October 1, 2020…
Read MoreCOVID-19 Health Insurance Premium Refunds: Distributing Refunds to Plan Participants
June 11, 2020
As a result of COVID-19, health insurance carriers have been paying out fewer medical claims than normal…
Read MoreIRS Releases 2021 HSA Contribution Limits, HDHP Minimum Deductibles, & HDHP Out-of-Pocket Maximums
May 22, 2020
the IRS recently updated the limits for Health Savings Accounts (HSAs) and High Deductible Health Plans (HDHPs)…
Read MoreIRS Releases New COVID-19 Related Guidance for Cafeteria Plans, FSAs, DCAPs, & High Deductible Health Plans (HDHPs)
May 19, 2020
The IRS recently issued new guidance that allows for new Cafeteria Plan amendments as a result of COVID-19…
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