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In a new recent opinion, a federal court decided to vacate the EEOC's final wellness incentive regulations beginning on January 1, 2019.
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Categories: Benefits in General, Compliance | Tags: wellness , EEOC , regulations , incentives
In response to an October 2017 Executive Order, the Department of Labor recently released proposed rules that would make it easier for small businesses and sole proprietors to band together to purchase and provide health insurance through association health plans.
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Categories: Health Care Reform | Tags: AHP , Association Health Plan , Department of Labor , DOL , Affordable Care Act , ACA , proposed rules , small employers
The Department of Labor (DOL) recently published the Final Rule regarding the DOL Penalties Inflation Adjustment Act Annual Adjustments for 2018 setting forth the inflation-adjusted civil monetary penalties for violations pertaining to health and welfare benefit plans and pension and retirement plans. The 2018 adjustments are effective for penalties assessed after January 2, 2018, with respect to violations occurring after November 2, 2015.
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Categories: Benefits in General, Compliance | Tags: DOL , 2018 , Penalties , Penalty , Violation , Inflation
The IRS recently announced in Notice 2018-06 that it has extended the 2018 deadline for insurers, self-insured employers, other coverage providers and applicable large employers to provide Forms 1095-B and 1095-C to individuals who received health insurance coverage in 2017. These Forms, which are required by the Affordable Care Act (“ACA”), must now be provided to individuals by March 2, 2018, instead of January 31, 2018. Notice 2018-06 also provides relief from penalty payments under the A...
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Categories: Health Care Reform, Compliance | Tags: Affordable Care Act , ACA , 1095-B , 1095-C , health insurance , IRS , Notice 2018-06 , relief , penalty , good faith

GOP Passes Tax Reform

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After months of debate on tax reform, today the House by a by a vote of 224-201, passed the “Tax Cuts and Jobs Act” (H.R. 1) to overhaul the tax code. The bill now heads to the White House where President Trump says that he will sign it into law. We anticipate that the bill will be signed before Christmas.
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Categories: Benefits in General, Health Care Reform, Compliance | Tags: Tax Reform , GOP , Depedent Care Flexible Spending Accounts , Transportation Plans , Bicycling Benefit , Transit , Parking , Education Assistance , Adoption Assistance , IRS , Individual Mandate , ACA , Cadillac Tax
The IRS issued Notice 2018-03, announcing the optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes.
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Categories: Benefits in General, Health Care Reform, Compliance | Tags: IRS , Medical , Mileage , Charitable , Business , 2018 Limits
In late August, the Office of Management and Budget approved the DOL’s proposal to extend the transition period for full implementation of the new Fiduciary Rule and related prohibited transaction exemptions by 18 months—from January 1, 2018 to July 1, 2019. The DOL also issued additional FAQ guidance relating to the Fiduciary Rule.
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Categories: Compliance | Tags: fiduciary , fiduciary rule , Department of Labor , DOL , PTE , HSA , health savings accounts , arbitration , FAQ , prohibited transaction exemptions , best interest , ERISA , Internal Revenue Code
Today, the House Ways and Means Committee announced the introduction of a number of bills dealing with ACA-related taxes, including one which would delay implementation of the Cadillac tax for one additional year.
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Categories: Health Care Reform, Health Care in General | Tags: Cadillac tax , health insurance , ACA , Affordable Care Act
The Congressional Research Service (CRS) released a report earlier this year that was intended to serve as a resource guide to aid Congressional staffers when answering frequently-asked questions about the Affordable Care Act. On December 1, 2017, CRS released a revised and updated version of the report.
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Categories: Health Care Reform, Health Care in General | Tags: Affordable Care Act , ACA , CHIP , Congressional Research Service , CRS
The Employers Council on Flexible Compensation, the Society for Human Resource Management, the National Association of Health Underwriters, and 33 other prominent employer advocacy trade groups signed onto a letter earlier this week urging that Congress grant relief for employers from the Cadillac Tax, the Health Insurance Tax and the medical device tax.
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Categories: Benefits in General, Health Care Reform, Health Care in General | Tags: Cadillac tax , health insurance , ECFC , SHRM , NAHU , Employers Council on Flexible Compensation , Society for Human Resource Management , National Association of Health Underwriters , letter , Congress , tax reform , benefits
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