compliance
August 9, 2018
Compliance Recap | July 2018
July was a quiet month in the employee benefits world. The Internal Revenue Service (IRS) released draft Forms 1094-B, 1095-B, 1094-C, and 1095-C. The IRS also released an information letter on the employer shared responsibility provisions. IRS Releases Draft Forms 1094-B, 1095-B, 1094-C, and ...
August 3, 2018
Final Regulations Regarding Short-Term Limited-Duration Insurance, Excepted Benefits, and Lifetime/Annual Limits
On October 31, 2016, the U.S. Department of the Treasury, Department of Labor (DOL), and Department of Health and Human Services (HHS) (collectively the Departments) issued final regulations regarding the definition of short-term, limited-duration insurance, standards for travel insurance and ...
July 18, 2018
Frequently Asked Questions about Tracking Full Time Employees under Play or Pay
Q1: Must full-time employees be tracked under the Patient Protection and Affordable Care Act’s (PPACA) play or pay rules? A1: All common-law employees must be tracked underplay or pay rules, including ongoing full-time employees. Q2: Why would you track employees that you know are full time? ...
July 9, 2018
Extension of Maximum COBRA Coverage Period | Brinson Compliance
The Consolidated Omnibus Budget Reconciliation Act of 1985 (COBRA) requires employers to offer covered employees who lose their health benefits due to a qualifying event to continue group health benefits for a limited time at the employee’s own cost. The length of the COBRA coverage period ...
July 6, 2018
Compliance Recap | June 2018
June was a relatively quiet month in the employee benefits world. The U.S. Department of Labor issued final regulations regarding association health plans. The U.S. Department of Justice filed a response in ongoing litigation regarding the constitutionality of the Patient Protection and ...
July 3, 2018
Wraparound Excepted Benefits Pilot Programs
Health plan sponsors are permitted to offer wraparound coverage to employees purchasing individual health insurance in the private market, including the Marketplace, in limited circumstances, under a Final Rule issued by the U.S. Department of Labor (DOL) and other federal agencies. The Final ...
June 8, 2018
Compliance Recap | May 2018
May was a relatively busy month in the employee benefits world. The Internal Revenue Service (IRS) released the indexed threshold that employers will use in 2019 to determine coverage affordability. The IRS also issued inflation-adjusted amounts that will apply to health savings accounts for ...
June 8, 2018
Frequently Asked Questions about the W-2 Reporting Requirement
Updated June 2018 Employers must include the value of “employer-sponsored group health coverage” on their employees’ W-2s. However, employers that issued fewer than 250 W-2s during the prior calendar year are currently exempt from this requirement. For example, an employer that issued 250 or ...
May 31, 2018
IRS Issues Proposed Rule to Expand Mandatory Electronic Filing
The Internal Revenue Service (IRS) published a proposed rule that would affect most employers who are required to file information returns, such as Forms W-2, Forms 1095-B, Forms 1095-C, and forms in the 1099 series. Current Non-Aggregation Rule Employers are not required to electronically file ...
May 30, 2018
Understanding Your IRS Play-or-Pay Penalty Assessment Letter
Recently, you may have received a letter from the Internal Revenue Service (IRS) stating that you may owe money because you either didn’t offer health coverage to enough of your full-time employees, or the health coverage that you offered wasn’t affordable or minimum value. Here are answers to ...
