United Benefit Advisors Insight and Analysis Blog

Proposed 2020 Benefit Payment and Parameters Rule

Posted by: Karen Hsu    Jan 29, 2019 2:50:29 PM

The Centers for Medicare & Medicaid Services (CMS) released a proposed rule for benefit payment and parameters for 2020. CMS also released its draft 2020 actuarial value calculator and draft 2020 actuarial value calculator methodology.

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Topics: Centers for Medicare and Medicaid Services, Benefit Payment and Parameters rule, Affordable Care Act

Advance Informational Copies of 2018 Form 5500 Annual Return/Report

Posted by: Karen Hsu    Jan 25, 2019 2:40:40 PM

The U.S. Department of Labor’s Employee Benefits Security Administration (EBSA), the Internal Revenue Service (IRS), and the Pension Benefit Guaranty Corporation (PBGC) released advance informational copies of the 2018 Form 5500 annual return/report and related instructions.

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Topics: IRS Form 5500, ERISA

4 Ways to Help Employees Keep Their Resolution

Posted by: Bill Olson    Jan 23, 2019 11:27:58 AM

As we ring in 2019, there are plenty of resolutions being made and likely already broken. Inc. Magazine’s list of the ten most common resolutions doesn't contain too many surprises. Prioritizing health and fitness through diet and exercise, spending quality time with friends and family, and other self improvement plans are on many people’s minds. Endless how-to articles and listicles are published this time of year to motivate and inspire individuals to stick with  their resolutions. 

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Topics: Resolutions, healthy lifestyles

IRS Releases 2019 Inflation-Adjusted Limits

Posted by: Karen Hsu    Jan 17, 2019 2:13:54 PM

The Internal Revenue Service (IRS) released its inflation-adjusted limits for various benefits. For example, the maximum contribution limit to health flexible spending arrangements (FSAs) will be $2,700 in 2019. Also, the maximum reimbursement limit in 2019 for Qualified Small Employer Health Reimbursement Arrangements will be $5,150 for single coverage and $10,450 for family coverage.

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Topics: inflation, IRS

Gen Z is Coming. Is Your Workplace Ready?

Posted by: Bill Olson    Jan 15, 2019 3:06:55 PM

While it may feel like businesses are still reeling from adapting to the working millennial, the next generation is already knocking on the HR door. The Society for Human Resource Management went straight to a 16-year old source to see what is on the workplace horizon.

Here are a few trends and some potential takeaways for employers.

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Topics: Generation Z, Generational Differences, Society for Human Resource Management

IRS Releases Indexed PCORI Fee

Posted by: Karen Hsu    Jan 10, 2019 1:00:00 PM

The Patient Protection and Affordable Care Act (ACA) imposes a fee on insurers of certain fully insured plans and plan sponsors of certain self-funded plans to help fund the Patient-Centered Outcomes Research Institute (PCORI). The PCORI fee is due by July 31 of the year following the calendar year in which the plan or policy year ends.

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Topics: IRS, PCORI Fee, ACA

Some Companies Going Above and Beyond to Support Mothers and Fathers

Posted by: Bill Olson    Jan 8, 2019 2:20:03 PM

While the last two decades witnessed a steady rise in pregnancy discrimination claims filed with the Equal Employment Opportunity Commission (EEOC), there is good news out there for working families.

Many companies are opting to create innovative and forward-thinking ways to support working parents and, in some cases, companies are blazing the trail ahead of state or federal legislation. There is no mandated federal parental-leave policy to follow, so many employers are opting to craft their own, according to HR Executive.

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Topics: Working Parents, EEOC, family planning

Top 5 Blogs of 2018

Posted by: Bill Olson    Jan 3, 2019 1:00:00 PM

As 2018 wraps up and we move into 2019, we wanted to recap some of the most popular posts we shared this year.

In everything from compliance updates to human resources news, UBA stays on top of the latest trends, new regulations, and hot-button issues in the industry so we can share knowledge about the benefits industry.

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Topics: benefits compliance, voluntary benefits, IRS, fringe benefits, retirement planning

Treasury, DOL, and HHS Release Two Final Rules on Contraceptive Coverage Exemptions

Posted by: Karen Hsu    Dec 27, 2018 1:30:46 PM

The Department of the Treasury (Treasury), Department of Labor (DOL), and Department  of Health and Human Services (HHS) (collectively, Departments) released two final rules on contraceptive coverage exemptions. These rules finalize the Departments’ interim final rules that were published on October 13, 2017. HHS also issued a press release and fact sheet on these final rules.

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Topics: Department of Labor, Department of Health and Human Services, contraception coverage

IRS Issues Specifications for Employer-Provided Substitute ACA Forms

Posted by: Karen Hsu    Dec 20, 2018 12:52:11 PM

The Internal Revenue Service (IRS) issued Publication 5223 General Rules and Specifications for Affordable Care Act Substitute Forms 1095-A, 1094-B, 1095-B, 1094-C, and 1095-C that describes how employers may prepare substitute forms to furnish ACA reporting information to individuals and the IRS.

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