For employers who have not already made preparations to comply with the PPACA’s reporting requirements, now is the time to do so. The first reporting is due in January 2016 for the 2015 calendar year. Employers who do not proactively track the infor-mation that must be reported will likely find ...
Read MoreUpdated Same Sex Marriage & Employee Benefits
We have received additional information regarding the U.S. Supreme Court’s same-gender marriage decision. At this time, this is how we understand its impact on health and welfare plans…
Read MoreSame-Sex Marriage Ruling & Employee Benefits
On June 26, 2015, the U.S. Supreme Court decided that all states must license a marriage between two people of the same sex and must honor the marriage licenses issued by another state…
Read MorePCORI Fee Due July 31st
PCORI Fee Due July 31st Employers sponsoring self-funded health plans, including most HRAs, must file IRS Form 720 and pay the PCORI Fee by July 31st. What is the PCORI Fee? The PCORI Fee is an annual fee imposed on insured and self-funded health plans to help support the Patient-Centered ...
Read MoreContraceptive Coverage and Women’s Preventative Care for Dependents
On May 11th, the Departments of Labor, Health and Human Services, and Treasury released guidance clarifying the rules related to the coverage of contraceptives. The guidance states that insurers must cover, without cost-sharing, at least one form of contraception in each of the 18 FDA identified categories. For instance, an ...
Read MoreCOBRA Compliance – An Overview
COBRA is a federal law that allows employees and their covered spouses and dependents to continue their group health plan coverage for a limited time when they would otherwise lose their coverage. To be eligible for COBRA, the employer must be subject to COBRA, the individual must be a qualified ...
Read MoreWhat Employers Need to Know About the Cadillac Tax
The Cadillac Tax is an annual tax on high-cost employer-sponsored health plans and is scheduled to take effect in 2018. The Cost: The tax is equal to 40% of the cost of the plan that exceeds a predetermined “threshold amount.” Currently, the threshold amounts are set at $10,200 for single ...
Read MoreFMLA Rights Extended to Same-Sex Couples
The Department of Labor recently updated the definition of “spouse” under the Family Medical Leave Act (FMLA) to include same-sex spouses. This will allow employees in legal same-sex marriages to take FMLA leave to care for a spouse with a serious health condition, regardless of whether the state they reside ...
Read MoreThe ACA & 2014 Taxes
Most Americans were required to have health insurance as of January 1, 2014. Due to this requirement, many employers are receiving questions from their employees regarding what they will need to complete their 2014 tax return.…
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