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 […]
Michigan stands to gain an extra $250 million dollars in tax revenue as a result of this summer’s decision by the U.S. Supreme Court in South Dakota v. Wayfair and the Michigan Department of Treasury wasted little time to start collecting it. […]
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 […]
Small Employers Have New Option for Benefit Offerings: Qualified Small Employer Health Reimbursement Arrangements In today’s market, small employers have increasingly difficultly offering competitive benefit structures given the elevated financial and administrative cost associated with maintaining comprehensive employer-sponsored group health […]
IRS Announces 2019 Increases for HSAs and Provides Relief for 2018 Reduction in Family Contribution Levels The IRS has just released its 2019 annual inflation adjustments for Health Savings Accounts (HSAs) as determined under Section 223 of the Internal […]
The State of Michigan voted earlier this year to rescind a longstanding Administrative Rule which prohibited liquor licensees from operating within a half-mile of another liquor licensee. The rescission was challenged in the Court of Claims by a trade association. […]
With the enactment of the Health Information Technology for Economic and Clinical Health (HITECH) Act, it has caused a number of issues for employers. It is crucial for employers to stay in legal compliance to avoid audits, and the substantial […]