DOWNLOAD PDF SOCIAL SECURITY AND HSA CONTRIBUTIONS We are all getting older, and as we sign up for Social Security, you need to be aware of how that can impact your ability to make and receive HSA contributions. If you have Medicare, you are not eligible to make or receive HSA contributions. BEWARE: COORDINATING HSA CONTRIBUTIONS WITH SOCIAL SECURITY BENEFITS If you sign up for Social Security benefits, you automatically are enrolled in Medicare.... Read More
DOWNLOAD PDF SEPTEMBER 2019 COMPLIANCE UPDATE MEDICARE PART D NOTICE – DISTRIBUTION RULES There is a lot of confusion regarding the Medicare Part D notice requirements to the employees. There are a ton of articles saying the notice has to be distributed before October 15th. However, that is not the case. If the notice is distributed the same time each year (e.g. in the open enrollment materials) there is no need to do a... Read More
DOWNLOAD PDF HSAs & HDHP MAY BECOME MORE ATTRACTIVE The IRS’ latest move may make HSAs even more attractive. As you know by now, HSAs are individually owned accounts that can be used to pay various medical expenses. To be HSA eligible, the employee must participate in a high deductible health plan (HDHP) and receive no disqualifying coverage. IRS GUIDANCE ON PREVENTIVE CARE FOR HSA PLANS IRS ALLEVIATES CHRONIC CONDITIONS FOR HDHP One of the... Read More
DOWNLOAD PDF JULY 2019 COMPLIANCE UPDATE PCORI FEE DUE JULY 31st The PCORI fee is part of the Affordable Care Act to help fund patient-centered outcomes research that addresses a variety of high priority conditions and topics. It is assessed against all health plans. If you sponsor a fully insured health plan, the carrier reports and pays the fee. However, if you sponsor a self-funded health plan, an HRA, then you must report... Read More
DOWNLOAD PDF JUNE 2019 COMPLIANCE UPDATE PCORI FEE COMING DUE If you sponsor a self funded health plan (including just an HRA) you have to remit the PCORI Fee to the IRS by July 31, 2019. PCORI FEE DUE JULY 31 PCORI FILING DUE TO IRS BY JULY 31 The fee is reported on IRS Form 720 and is paid with IRS Form 720V. If you are sponsoring a... Read More
DOWNLOAD PDF MAY 2019 COMPLIANCE UPDATE NEW DRUG TV ADVERTISING RULES COMING Beginning in July, the Trump administration is requiring drug manufacturers, when they advertise on television, to list the cost of the drugs covered by Medicare or Medicaid, if the drug’s monthly cost is more than $35. HHS RULE REQUIRES MANUFACTURERS TO DISCLOSE DRUG PRICES Plan sponsors should expect that the plan participants may start to question how the costs of drugs impact them. ... Read More
DOWNLOAD PDF APRIL 2019 COMPLIANCE UPDATE WHEN DOES THE “CLOCK” START? The ERISA claims procedures require claimants to follow certain timelines when appealing an adverse ruling. ERISA Administrative Appeal Barred As Untimely This court case held that the “clock” starts on the date the plaintiff got notice that her benefits were going to terminate; not on the date the benefits were actually terminated. Complying with the timelines is important and failure to comply can... Read More
DOWNLOAD PDF MARCH 2019 COMPLIANCE UPDATE Contract Theory Governs Retiree Health Coverage Health coverage is expensive and employers are having a hard time offering quality/affordable coverage to employees. Therefore, it comes as no surprise that employers often want to reduce or eliminate coverage for retirees. COURT APPLIES ORDINARY PRINCIPALS OF CONTRACT LAW FOR BARGAIN AGREEMENTS SIXTH COURT RULES FOR EMPLOYER TO TERM RETIREE COVERAGE It also should come as no surprise the retirees will... Read More
DOWNLOAD PDF FEBRUARY 2019 COMPLIANCE UPDATE As the government re-opens its doors, it appears it is making tax changes with a vengeance. Please take a minute to read this month’s newsletter for some important changes that have come across Capitol Hill, along with other rulings that may affect you as an employer or employee. Don’t Use My Money!! A recent Federal court case prohibited United HealthCare from using money from one health plan to offset... Read More
DOWNLOAD PDF We hope everyone had a safe and happy holiday season. Time to get back to work unless you are impacted by the government shutdown. No telling when that will end. This newsletter will be longer than most since it includes articles from the date of the last newsletter (i.e. November 15, 2018) till today. PLAN LIMITS FOR 2019 Many of the rules of government benefit plans have an inflationary factor. That is, the... Read More