Upcoming Deadlines: (1) Form W-2 Reporting of Employer-Provided Health Coverage; And (2) Medicare Part D Notices to CMS Reminder: Form W-2 Reporting on Aggregate Cost of Employer Sponsored Coverage Unless subject to an exemption, employers must report the aggregate cost […]
Delay of Deadline to Furnish Forms 1095-B and 1095-C to Individuals The Internal Revenue Service (“IRS”) has extended the deadline for 2018 Information Reporting by employers (and other entities) to individuals under Internal Revenue Code sections 6055 and 6056 by […]
IRS Announces Increases for Health FSAs The IRS has just released its 2019 annual inflation adjustments, in which it announced that the dollar limitation under Code section 125 on voluntary employee salary reductions for contribution to health flexible spending arrangements […]
IRS Releases Final ACA Employer Reporting Forms & Instructions (1094-B, 1094-C, 1095-B, and 1095-C) The Internal Revenue Service (“IRS”) has finalized Forms 1094/1095-B and 1094/1095-C for the 2018 tax year, as well as their related instructions, which are required to […]
IRS Releases Early Drafts of ACA Employer Reporting Forms & Instructions (1094-B, 1094-C, 1095-B, and 1095-C) The Internal Revenue Service (“IRS”) has released early drafts of the instructions and health insurance coverage reporting forms required to be filed under the […]
Medicare Part D notices (of either creditable or non-creditable coverage) are due for distribution prior to October 15th. Under the Medicare Modernization Act of 2003, employers who offer prescription drug coverage to any Medicare Part D eligible individuals must notify […]
Patient-Centered Outcomes Research Institute (PCORI) Fee / Comparative Effectiveness Fee: Reminder: Plan Sponsors of Applicable Self-Funded Health Plans Must Make PCORI Fee Payment By July 31, 2018
Administering Benefit Coverage During a Leave of Absence – The Necessity of a Leave of Absence Policy Employee leaves of absence take on various forms, but whether such leaves are provided as a matter of law or pursuant to employer […]
Tax Reform Causes Some Employers to Put Transportation Plans in Park Prior to 2018, it was commonplace for employers to provide qualified transportation fringe benefit plans, in part, to pay for or reimburse employees for costs associated with transit passes, […]
Simple Cafeteria Plan: A Nondiscrimination Testing Alternative Many small employers have historically shied away from establishing Internal Revenue Code (“Code”) section 125 cafeteria plans due to administrative and logistical issues associated with nondiscrimination testing. Specifically, many small employers’ employee population […]