The Compliance Team has updated six previously published Advisors to reflect recent changes in IRS regulations. The Advisors are available on AdEase as an email and Microsoft Word document.

The IRS released Notice 2019-29 that adjusts the affordability percentage for 2020. To avoid penalties under the Affordable Care Act, large employers must offer minimum value, affordable coverage to their full-time employees. The IRS adjusts the percentage for calculating affordability each year. For 2020, coverage will be considered affordable if it costs less than 9.78% of the employee's household income.

Several Advisors have been revised to reflect this IRS update. Additional updates were made to these Advisors to reflect other changes in law or recent IRS enforcement activities.

You'll find these Advisors on AdEase under Compliance, and at the top of the list of All Compliance - by Date.

• The Play-or-Penalty and Counting Employees under the ACA
• Frequently Asked Questions about the Health Marketplace
• Frequently Asked Questions about the Exchange (Marketplace) Notice
• Potential Employer Penalties under the ACA
• Qualified Small Employer Health Reimbursement Arrangements FAQs
• HRAs, HSAs, and Health FSAs – What’s the Difference?

Questions? Contact Karen Hsu at khsu@ubabenefits.com with compliance questions.

If you need help with AdEase, contact Meg Cipar at support@ubabenefits.com