Category Archives: Employee Benefits

IRS Reduces Affordability Percentages for 2018

June 8, 2017 Announced in IRS Revenue Procedure 2017-36, for plan years beginning in 2018, employer-sponsored health plan coverage will be considered affordable if the employee’s required contribution for self-only coverage does not exceed 9.56 % of the employee’s household income for the year, for purposes of both the pay or play rules and premium […]

June 1, 2017 – Compliance Observer Alert – 2017 PCORI Fees

Applies to:  Self-Insured Health Plans, including HRAs & FSAs With the release of IRS Notice 2016-64, the IRS provided that the PCORI fee (Patient-Centered Outcomes Research Institute fee) also called the CER fee (Comparative Effectiveness Research Fee) for plan years ending on or after October 1, 2016, and before October 1, 2017, is $2.26 per […]

May 4, 2017 – Compliance Observer Alert – The American Health Care Act Passes the House

  May 4, 2017 The American Health Care Act Passes the House On May 4, 2017, the House of Representatives narrowly passed the American Health Care Act (AHCA) by a vote of 217 to 213. This was a big step for House Republicans in fulfilling President Trump’s campaign promise to repeal the Affordable Care Act […]

January 27, 2017- Compliance Observer Alert- President Trump’s ACA Executive Order

January 27, 2017 President Trump’s ACA Executive Order Last week, as promised during his campaign, President Trump officially took a first step toward unraveling the ACA (the “Act”). In his first act as President, Trump signed  an Executive Order broadly directing federal agencies with authority and responsibility under the Act to waive, defer, grant exemptions […]

ACA Reporting Deadline Delayed

In mid-November, the Internal Revenue Service (IRS) issued Notice 2016-70, which extends the deadline for furnishing forms under Sections 6055 and 6056 for 2016 and extends good-faith transition relief from penalties related to 2016 Section 6055 and 6056 reporting. What Is Good-faith Transition Relief? In determining good faith, the IRS will take into account whether […]

November 21, 2016- Compliance Observer Alert- Welcome Extension for Furnishing ACA Statements and Penalty Relief

Welcome Extension for Furnishing ACA Statements and Penalty Relief  The IRS has extended the deadline for furnishing individual statements under Sections 6055 and 6056 for 2016 and has also extended good-faith transition relief from penalties related to 2016 information reporting under Sections 6055 and 6056. Announced in NOTICE 2016-70, the IRS extended the due date […]

November 18, 2016- Compliance Observer Alert- The Future of the ACA and Employee Benefit Plan

November 18, 2016   The Future of the ACA and Employee Benefit Plans It’s been over a week since the election results came in and since then, you have likely been inundated with emails, seen many television interviews, and heard other news sources espousing predictions of what is on the horizon for employee benefit plans, […]

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