The Internal Revenue Service (IRS) has tried to give insurers and plans a little temporary help in paying the new Patient-Centered Outcomes Research Institute (PCORI) tax. Drafters of the Patient [...]
On Friday, January 11, 2013, the Internal Revenue Service announced inflation adjustments for the 2013 tax year, which included items from the recently passed American Taxpayer Relief Act of [...]
This week brought significant developments with respect to two very important issues affecting health FSAs. On Wednesday, the IRS issued Notice 2012-42 to clarify how the cap on salary deferrals [...]
Source: benefitspro.com An individual enrolled in Medicare A or B cannot be enrolled in an HSA Most of us know that an individual enrolled in Medicare Part A or B isn’t eligible to [...]
First and foremost, neither the House nor Senate health reform bills repeal HSAs. Earlier proposals that would have eliminated some of these options (particularly FSAs and HRAs) did not survive [...]
The IRS has extended the deadline for applicable large employers (those with 50 or more full-time or full-time equivalent employees) to distribute Form 1095-C to employees from January 31, 2017 [...]
On December 31, 2016, the first increases of New York’s incremental move towards a $15 minimum wage will take effect. The minimum wage will increase at different rates depending on an employer’s [...]
Health savings accounts (HSAs) really got their start with the passage of the Medicare Modernization Act in 2003, says John Park, chief strategy officer at full-service consumer-driven health [...]
Welcome to 2017 and the January Advisor Newsletter! In this month’s edition, we look at hot HR trends on the horizon and review a few newsworthy notes about the new Form I-9. Be sure to check the [...]