United Benefit Advisors Insight and Analysis Blog

Karen Hsu

Director of Compliance at United Benefit Advisors

Recent Posts

HHS Releases Inflation-Adjusted Federal Civil Penalty Amounts

Posted by: Karen Hsu    Nov 29, 2018 2:36:55 PM

The Department of Health and Human Services (HHS) issued its Annual Civil Monetary Penalties Inflation Adjustment. Here are some of the adjustments:

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Topics: compliance recap, HHS, Medicare

IRS Releases Final Forms and Instructions for 2018 ACA Reporting

Posted by: Karen Hsu    Nov 15, 2018 1:12:11 PM

The Internal Revenue Service (IRS) released instructions for both the Forms 1094-B and 1095-B and the Forms 1094-C and 1095-C and Forms 1094-B, 1095-B,1094-C, and 1095-C. There are no substantive changes in the forms or instructions between 2017 and 2018, beyond the further removal of now-expired forms of transition relief. There is a minor formatting change to Forms 1095-B and 1095-C for 2018. There are dividers for the entry of an individual’s first name, middle name, and last name. 

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Topics: compliance recap, IRS 1094, IRS 1095, IRS, ACA reporting

Tri-Agency Proposed Rule on Health Reimbursement Arrangements

Posted by: Karen Hsu    Nov 1, 2018 1:37:24 PM

The Department of the Treasury (Treasury), Department of Labor (DOL), and Department of Health and Human Services (HHS) (collectively, the Departments) released their proposed rule regarding health reimbursement arrangements (HRAs) and other account-based group health plans. The DOL also issued a news release and fact sheet on the proposed rule.

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Topics: HRAs, HRA, Qualified Small Employer HRA, QSE HRA, Compliance Advisor

IRS Releases Draft Forms and Instructions for 2018 ACA Reporting

Posted by: Karen Hsu    Sep 27, 2018 1:12:48 PM

The IRS recently released draft instructions for both the 1094-B and 1095-B and the 1094-C and 1095-C and the draft forms for 1094-B, 1095-B, 1094-C, and 1095-C. There are no substantive changes in the forms or instructions between 2017 and 2018, beyond the further removal of now-expired forms of transition relief. There is a minor formatting change to draft Form 1095-C for 2018. There are dividers for the entry of an individual’s first name, middle name, and last name.

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Topics: ACA Advisor, ACA reporting, health care coverage, compliance with health care reform, IRS reporting

DOL and IRS Release Additional Information on Association Health Plans

Posted by: Karen Hsu    Sep 20, 2018 1:04:47 PM

On August 20, 2018, the Department of Labor (DOL) posted the Association Health Plans ERISA Compliance Assistance fact sheet.

On August 20, 2018, the IRS added a new Q&A 18 to its Questions and Answers on Employer Shared Responsibility Provisions Under the Affordable Care Act. Q&A 18 confirms that:

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Topics: Department of Labor, association health plans, Internal Revenue Service

Final Rule on Short-Term, Limited-Duration Insurance

Posted by: Karen Hsu    Sep 13, 2018 1:55:19 PM

On August 3, 2018, the Internal Revenue Service, the Department of Health and Human Services (HHS), and the Department of Labor (collectively, the Departments) published a final rule that amends the definition of short-term, limited-duration insurance. HHS also released a fact sheet on the final rule.

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Topics: health insurance, Department of Health and Human Services, Department of Labor, Internal Revenue Service

Final Rule on Short-Term Limited-Duration Insurance

Posted by: Karen Hsu    Aug 23, 2018 1:04:47 PM

On August 1, 2018, the Internal Revenue Service, the Department of Health and Human Services (HHS), and the Department of Labor (collectively, the Departments) released a final rule that amends the definition of short-term, limited-duration insurance. HHS also released a fact sheet on the final rule.

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Topics: health insurance, Department of Health and Human Services, short-term insurance

Cobra Liability in Mergers and Acquisitions

Posted by: Karen Hsu    Aug 9, 2018 3:58:41 PM

The Consolidated Omnibus Budget Reconciliation Act (COBRA) requires certain group health plans to make continuation coverage available to certain individuals who would otherwise lose group health plan coverage due to a qualifying event. Employers who go through business reorganizations, such as mergers and acquisitions (M&A), will need to know whether COBRA continuation coverage must be offered and whether the group health plan of the seller or buyer must provide COBRA continuation coverage.

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Topics: COBRA, Group health plans, group health insurance

Question of the Month

Posted by: Karen Hsu    Jul 26, 2018 12:52:33 PM

Q.For a high deductible health plan (HDHP) to qualify for health savings account (HSA) eligibility, what is the minimum amount that an embedded individual deductible can be?

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Topics: High Deductible Health Plans, HSA, health savings account, HDHPs

DOL Issues Final Regulations Regarding Association Health Plans

Posted by: Karen Hsu    Jul 19, 2018 1:22:12 PM

On June 19, 2018, the U.S. Department of Labor (DOL) published Frequently Asked Questions About Association Health Plans (AHPs) and issued a final rule that broadens the definition of “employer” and the provisions under which an employer group or association may be treated as an “employer” sponsor of a single multiple-employer employee welfare benefit plan and group health plan under Title I of the Employee Retirement Income Security Act (ERISA).

 

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Topics: association health plans, Department of Labor, DOL