Your Compliance Edge

HR News Alerts

FAQs Released on Paid Family and Medical Leave Tax Credit for Employers

Posted on April 17, 2018 02:07 PM

The Internal Revenue Service has released FAQs on the Paid Family and Medical Leave Tax Credit, which certain employers can soon claim based on wages paid to employees on family and medical leave. The tax credit is effective for tax years 2018 and 2019.

Categories: Employee Benefits, FMLA

New York Paid Family Leave: Updated Guidance on Deductions and Voluntary Coverage

Posted on March 21, 2018 09:20 PM

New York has updated two provisions of its paid family leave guidance regarding deductions from employees' wages and voluntary coverage.

Categories: Employee Benefits, State Employment Laws

Reminder: Group Health Plans Required to Offer Special Enrollment

Posted on March 21, 2018 02:37 PM

Under HIPAA, certain events that happen to employees or their dependents trigger a right to "special enroll" in an employer-sponsored group health plan. Special enrollment allows individuals who previously declined health coverage to enroll for coverage outside of a plan's open enrollment period. To learn more, please read this HR News Alert.

Categories: Cafeteria Plans, Employee Benefits, Health Insurance, HIPAA

Reminder: New Procedures for Disability Plan Claims Effective Soon

Posted on March 13, 2018 02:58 PM

Effective for disability benefit claims filed after April 1, 2018, a new rule from the U.S. Department of Labor (DOL) requires ERISA-covered employee benefit plans offering disability benefits to provide additional procedural protections to claimants. The new rule ensures that protections for disability claimants parallel protections under the Affordable Care Act that already apply when workers file claims for group health benefits. These new protections apply to all ERISA-covered disability plans, regardless of how the benefit is characterized by the plan or whether the plan is a pension plan or a welfare plan.

Categories: Employee Benefits, Fringe Benefits

IRS Releases New Fringe Benefit Tax Guide for Employers

Posted on March 9, 2018 05:42 PM

The Internal Revenue Service (IRS) has released the 2018 Publication 15-B,Employer's Tax Guide to Fringe Benefits, which contains information for employers on the employment tax treatment of fringe benefits

Categories: Employee Benefits, Fringe Benefits, HSAs, FSAs and Other Tax-Favored Accounts

IRS Releases Publication 969 for Preparing 2017 Tax Returns

Posted on March 8, 2018 06:16 PM

The Internal Revenue Service (IRS) has released a new Publication 969 (Health Savings Accounts and Other Tax-Favored Health Plans), which contains information for use in preparing 2017 tax returns.

Categories: Cafeteria Plans, Employee Benefits, HSAs, FSAs and Other Tax-Favored Accounts, Reporting and Recordkeeping

IRS Decreases 2018 HSA Contribution Limit for Certain Individuals

Posted on March 6, 2018 05:30 PM

The Internal Revenue Service (IRS) has announced that 2018 annual limitation on HSA contributions by individuals with family coverage under a high deductible health plan (HDHP) is now $6,850.

Categories: Cafeteria Plans, Employee Benefits, HSAs, FSAs and Other Tax-Favored Accounts

Reminder: Medicare Part D Disclosure Due to CMS by March 1

Posted on February 23, 2018 05:54 PM

The Medicare Modernization Act requires employers that provide prescription drug coverage to Medicare-eligible individuals to complete the Online Disclosure Form to the U.S. Centers for Medicare & Medicaid Services (CMS) to report whether such coverage is creditable prescription drug coverage. Creditable coverage means that the coverage is expected to pay, on average, as much as the standard Medicare prescription drug coverage.

Categories: Cafeteria Plans, Employee Benefits, Health Insurance, Medicare, Reporting and Recordkeeping

DOL Releases Bi-Annual Update to Employer CHIP Notice

Posted on January 30, 2018 04:21 PM

The U.S. Department of Labor (DOL) has updated its model notice for employers to provide information on eligibility for premium assistance under Medicaid or the Children's Health Insurance Program (CHIP).

Categories: Employee Benefits, Health Insurance

Medicare Part D Disclosure to CMS Due March 1, 2018 for Calendar Year Plans

Posted on January 25, 2018 04:49 PM

The Medicare Modernization Act requires employers that provide prescription drug coverage to Medicare-eligible individuals to complete the Online Disclosure Form to the U.S. Centers for Medicare & Medicaid Services (CMS) to report whether such coverage is creditable prescription drug coverage. Creditable coverage means that the coverage is expected to pay, on average, as much as the standard Medicare prescription drug coverage.

Categories: Employee Benefits, Health Insurance, Medicare, Reporting and Recordkeeping