compliance
December 1, 2020
Spending Bill Extends PCORI Fee and Repeals Cadillac Tax, HIP Fee, and Medical Device Excise Tax
On December 20, 2019, President Trump signed the Further Consolidated Appropriations Act, 2020 (Act) to keep the federal government running through September 2020. The Act significantly affects provisions under the Patient Protection and Affordable Care Act (ACA), largely though one fee ...
November 11, 2020
Compliance Recap | October 2020
October was a busy month in the employee benefits world. The Department of Health and Human Services (HHS) renewed the public health emergency due to COVID-19 which took effect on October 23, 2020. The Internal Revenue Service (IRS) issued Notice 2020-76 regarding deadline extensions and ...
November 11, 2020
Additional Policy and Regulatory Revisions in Response to the COVID-19 Public Health Emergency Interim Final Rules
The Department of Labor (DOL), Department of Health, Department of Health and Human Services (HHS), and the Department of the Treasury (Treasury), collectively “the Departments,” released interim final rules regarding implementation of the Coronavirus Aid, Relief, and Economic Security (CARES) ...
November 9, 2020
Final Rules on Coverage Transparency Part 2
On October 29, 2020, the Internal Revenue Service (IRS), Department of Labor (DOL), and the Department of Health and Human Services (HHS) (collectively, the Departments), released final rules on coverage transparency, in order to provide health coverage recipients with an estimate of their ...
November 6, 2020
Final Rules on Coverage Transparency Part 1
On October 29, 2020, the Internal Revenue Service (IRS), Department of Labor (DOL), and the Department of Health and Human Services (HHS) (collectively, Departments), released final rules on coverage transparency, in order to provide health coverage recipients with an estimate of their ...
November 2, 2020
The U.S. Supreme Court and the Future of the Affordable Care Act Part 2
On November 3, 2020, millions of Americans will cast their votes in support of presidential candidates with diametrically opposed views on the future of health care in this country. President Trump has been unwavering in his opposition to the Affordable Care Act (ACA) and has made a consistent ...
November 1, 2020
What You Need to Know about Health Flexible Spending Accounts
11/1/20: Updated for 2021 Health FSA limit and 2021 carryover amount. A health flexible spending account (health FSA) is a pre-tax account used to pay for out-of-pocket medical care costs for a participant as well as a participant’s spouse and eligible dependents. Health FSAs are ...
October 28, 2020
The U.S. Supreme Court and the Future of the Affordable Care Act Part 1
Amy Coney Barrett was sworn in as President Trump’s third U.S. Supreme Court (Supreme Court) Justice on October 26, 2020, to fill the seat vacated by Justice Ruth Bader Ginsburg’s death. During the contentious confirmation hearings, along political party lines, Justice Barrett was continuously ...
October 22, 2020
2020 ACA Reporting for ICHRAs
2/4/2021 Update: The Internal Revenue Service (IRS) issued two additional codes for Line 14 of Form 1095-C regarding ICHRA coverage offered to an employee and their spouse, but not his or her dependents. The IRS recently released final instructions for both the 1094-B and 1095-B forms and the ...
October 21, 2020
IRS Releases Final Forms and Instructions for 2020 ACA Reporting
The IRS recently released final instructions for both the 1094-B and 1095-B forms and the 1094-C and 1095-C forms and the final forms for 1094-B, 1095-B, 1094-C, and 1095-C. The forms have generally remained unchanged from prior years. As a reminder, individuals do not pay a penalty for failure ...
