Articles
IRS Issues New Form 720 for Reporting ACA Research Fee
Monday, June 10, 2013
The IRS has issued a revised Form 720 and corresponding instructions to allow for the reporting and payment of the fee for the Patient-Centered Outcomes Research Institute (PCORI) formed as part of the Affordable Care Act (ACA).
Final Rules For Wellness Plans Released
Thursday, June 6, 2013
The Departments of Health and Human Services, Labor, and Treasury (The Departments) have issued final wellness program rules. The new final rules are based on the existing HIPAA wellness rules and the requirements contained in proposed rules issued in November 2012.
Determination of Affordability and Minimum Value
Wednesday, May 22, 2013
The IRS has released proposed regulations providing guidance for determining the “affordability” and “ minimum value” of employer-sponsored plans.
Department of Labor Releases Model Notice of Exchange
Friday, May 10, 2013
The Department of Labor (DOL) has released guidance and model notice language for employers to use to meet the Affordable Care Act (ACA)employee exchange notice requirement. The guidance can be found at http://www.dol.gov/ebsa/newsroom/tr13-02.html.
IRS Releases HSA and HDHP Limits for 2014
Sunday, May 5, 2013
The IRS has released the 2014 limits affecting HSAs and High Deductible Health Plans (HDHPs). The minimum required deductibles will not change from the 2013 limit, but the HSA contribution limits and the HDHP out-of-pocket (OOP) maximums will increase for 2014.
Modifications to the HIPAA Privacy and Security Rules Released
Thursday, April 25, 2013
The Department of Health and Human Services (HHS) has issued regulations modifying the Health Insurance Portability and Accountability Act (HIPAA) privacy, security, and enforcement rules. The changes strengthen the privacy and security protection for individuals’ health information, modify the rule for breach notifications, and extend HIPAA compliance obligations to additional entities.
Small Employer “Choice Option” Delayed on Federal SHOP Exchange
Thursday, April 4, 2013
In more Employee Benefits Day news, the Department of Health and Human Services (HHS) has announced that one of the options planned for small group insurance purchased through federally operated exchanges will be delayed until 2015. Under what is referred to as the “choice option,” small employers will be able to select a level of coverage (i.e. bronze, silver, gold, or platinum coverage tier), and participating employees would be allowed to choose from any carrier offering coverage within that tier.
Is Your Organization Part of a Controlled Group? Common Controlled Group Basics
Monday, March 11, 2013
The Affordable Care Act (ACA) has placed new emphasis on the need to determine when and if related organizations must be treated as a single employer for purposes of meeting various ACA requirements. Simply setting up different companies under separate tax ID numbers does not relieve related employers from being treated as a single employer under controlled group rules.
Employer Plan Cost Sharing Rules and a Minimum Value Calculator are Released
Thursday, February 28, 2013
The IRS and the Department of Health and Human Services (HHS) have released a preliminary version of an employer plan minimum value (MV) calculator. The MV calculator is designed to assist employers in determining whether an employer-sponsored health plan meets minimum value requirements contained in the Affordable Care Act (ACA).
Health Plan Fees to Fund Research on Patient-Centered Outcomes
Friday, February 8, 2013
The Affordable Care Act (ACA) set up a new nonprofit entity, the Patient-Centered Outcomes Research Institute, to fund and support clinical effectiveness research. This research will be partially funded by health insurance companies and sponsors of self-insured health plans.
Fiscal Cliff Legislation Impacts Qualified Transportation Benefits
Wednesday, February 6, 2013
The American Taxpayer Relief Act of 2012 (ATRA), passed by Congress and signed into law by President Obama on January 2, 2013, brought the country back from the “fiscal cliff,” and within its pages also made changes to a benefit offered by many employers: qualified transportation benefits.
Guidance Issued on the Qualification for Tax Credits and Individual Mandate Tax Liability
Tuesday, February 5, 2013
The IRS has issued an amendment to final regulations originally issued May 23, 2012 regarding qualification for a premium tax credit (premium assistance) when purchasing individual health insurance through a public exchange. In the case of family members who are eligible for employer sponsored insurance (ESI), affordability for family members will be based on the employee’s required contribution for self-only coverage (i.e. employee only coverage), not the required contribution for family coverage.
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