Reminder: PCORI fee due by July 31
The Patient-Centered Outcomes Research Institute (PCORI) fee helps fund research that evaluates and compares health outcomes, clinical effectiveness, risks and benefits of medical treatments and services. The fee, which is effective 2012-2019, is treated...
IRS announces family contribution changes for HSAs
Today, the IRS published that contains Revenue Procedure (Rev. Proc.) 2018-19. Effective for calendar year 2018, the family contribution limit for HSAs has been lowered to $6,850 from the previously set amount of $6,900. This change came as a result of the tax reform...
Employee Notice of Exchange
As of October 1, 2013, employers must notify its employees about the availability of the health insurance marketplaces or exchange. This applies to essentially all businesses and requires employers to provide the Exchange Notice to all employees on payroll. Employers...
W-2 Reporting
PPACA requires employers to report the cost of coverage under an employer-sponsored group health plan on an employee’s Form W-2, “Wage and Tax Statement.” This reporting is for informational purposes only to show employees the value of their health care benefits so...
Distribute those SBC’s!
Summary of Benefits & Coverage A group health plan (and its administrator) must provide a summary of benefits and coverage (SBC) for each benefit package free of charge to entities and individuals for open enrollment periods starting on or after Sept. 23, 2012....
Open Enrollment for 2017 is here.
Renew your plan for 2017 Marketplace premiums under the Affordable Care Act (ACA), already a subject of perennial interest, have gained even more attention amid unfavorable financial results from some insurers, as well as reports of steep premium increases for 2017....