United Benefit Advisors Insight and Analysis Blog

IRS Releases the Indexed 2020 Affordability Percentage

Posted by: Karen Hsu    Aug 28, 2019 3:30:00 PM

The IRS released Notice 2019-29 that adjusts the affordability percentage for 2020.

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Topics: IRS, Internal Revenue Service, compliance recap

IRS Expands Benefits That Can Be Provided Before HDHP Annual Minimum Deductible Is Met

Posted by: Karen Hsu    Aug 20, 2019 8:30:00 AM

The Internal Revenue Service (IRS) released a notice, effective on July 17, 2019, that expanded the list of preventive care benefits that a high deductible health plan (HDHP) can provide without a deductible or with a deductible below the annual minimum deductible.

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Topics: Internal Revenue Service, compliance recap

IRS Releases Memo on 2-percent Shareholders’ Health Coverage Deductions

Posted by: Karen Hsu    Jul 18, 2019 1:12:55 PM

The Internal Revenue Service (IRS) released a memorandum to confirm that a person who is a 2-percent shareholder (through Internal Revenue Code §318’s attribution rules) in an S corporation is entitled to a deduction for the amounts paid by the S corporation under a group health plan.

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Topics: IRS, Group health plans, Internal Revenue Service

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 Labor, Department of Health and Human Services, Internal Revenue Service