The Internal Revenue Service (IRS) is currently issuing Letter 226-J to certain applicable large employers (ALE) – generally those with at least 50 full-time employees, including full-time equivalent employees, on average during the prior year –...
More Info2018 HSA Guidelines Released by the Internal Revenue Service (IRS). These guidelines outline the inflation-adjusted contribution, deductible, and out-of-pocket spending limits for Health Savings Accounts HSAs and high-deductible health plans...
More InfoInvolvement in other corporations? Location of Corporation? Are applicants earning enough money to be Full Time/Eligible? Do all applicants have a Social Security Number (US Citizen)? Does the group meet participation requirements? Are...
More InfoThe Internal Revenue Service has issued an alert to taxpayers and tax professionals to be on guard against Fake Affordable Care Act Tax Bills by e-mail purporting to contain an IRS tax bill related to the Affordable Care Act (ACA). The IRS has...
More InfoTaxation of Disability Benefits Who Pays the Insurance Premium? Is the benefit Taxable? How Much of the Benefit is Taxable? Employer pays 100% Yes 100% Employer pays portion and employee pays balance with post-tax dollars Yes Percentage of...
More InfoIf you are a sponsor of a group health plan that provides prescription drug coverage you must provide an annual disclosure to the Centers for Medicare & Medicaid Services (CMS) whether your health plan coverage is “creditable prescription...
More InfoFind out 7 Ways to Save Money on Prescription Drugs 1. Shop Around for Prescription Drugs – Compare prices at pharmacies in your supermarket, retail stores, online, and via mail order. You can often find discounts for ordering a 30- or...
More InfoRecently, some groups are receiving letters from the Health Insurance Marketplace indicating that a person listed in the letter submitted an application for health coverage through the Marketplace and that the employee was found eligible for an...
More InfoOver the past week, employers across Wisconsin have begun to receive notifications in the mail from the U.S. Department of Health and Human Services (HHS) that one or more employees submitted an application for health coverage through the...
More InfoOn June 30, 2016, the IRS Issues Alert about the electronic Affordable Care Act’s (ACA) Sections 6055/6056 Filing. While the deadline to electronically file ACA information returns with the IRS was June 30, 2016, the ACA Information Returns (AIR)...
More InfoThe IRS has released draft versions of the Health Coverage Reporting 2016 Forms 1094-B, 1095-B, 1094-C, and 1095-C that employers and insurers will use in early 2017 to report on health coverage offered in the 2016 calendar year. History The...
More InfoIn March, President Obama issued a memorandum on mental health and substance use disorder parity wherein he established a task force comprised of multiple government agencies, such as the Department of Labor and the Department of Health and Human...
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