IRS Provides Transition Relief for 2020 ACA Reporting The IRS recently issued Notice 2020-76, found out what that entails here. Summary of the 2020 Employer Health Benefits Annual Survey Each year, the Kaiser Family Foundation…
The Affordable Care Act (ACA) imposes a dollar limit on employees’ salary reduction contributions to health flexible spending accounts (FSAs) offered under cafeteria plans. This dollar limit is indexed for cost-of-living adjustments and may be…
Affordability Percentages Will Increase for 2021 The IRS issued Revenue Procedure 2020-36 to index the contribution percentages in 2021 for determining affordability of an employer’s plan under the Affordable Care Act (ACA). For plan years…
U.S. Supreme Court Will Hear Challenge to the ACA On March 2, 2020, the United States Supreme Court agreed to hear a legal challenge to the Affordable Care Act (ACA). The case involved is Texas…
IRS Announces Employee Benefit Plan Limits for 2020 OVERVIEW Many employee benefits are subject to annual dollar limits that are periodically increased for inflation. The Internal Revenue Service (IRS) recently announced cost-of-living adjustments to the…
The Affordable Care Act (ACA) established medical loss ratio (MLR) rules to help control health care coverage costs and ensure that enrollees receive value for their premium dollars. The MLR rules require health insurance issuers…
AFFORDABILITY PERCENTAGES WILL DECREASE FOR 2020 OVERVIEW On July 23, 2019, the Internal Revenue Service (IRS) issued Revenue Procedure 2019-29 to index the contribution percentages in 2020 for purposes of determining affordability of an employer’s…
Final Notice of Benefit and Payment Parameters for 2020 Recently, the Department of Health and Human Services (HHS) released its final Notice of Benefit and Payment Parameters for 2020. This proposed rule describes benefit and…
The IRS released draft 2018 forms for Affordable Care Act (ACA) reporting under Internal Revenue Code (Code) Sections 6055 and 6056. Draft instructions for 2018 have not yet been released. The 2018 draft forms are…
The Internal Revenue Service (IRS) released draft 2018 forms for reporting under Internal Revenue Code (Code) Sections 6055 and 6056. 2018 draft Forms 1094-C and 1095-C were released July 11, 2018, and will be used…