ComplianceMnthlyRecap MH 5.16.22

United Benefit Advisors (UBA)

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Compliance Recap |  May 2022

Posted by: United Benefit Advisors (UBA)    Jun 14, 2022 9:46:19 AM

The month of May again brought relatively little major employee benefit compliance guidance from federal agencies. However, there was plenty of activity in the courts to provide useful insight into steps employer plan sponsors can take to safeguard against benefits litigation.

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Compliance Recap |  April 2022

Posted by: United Benefit Advisors (UBA)    May 14, 2022 11:11:00 AM

After several very quiet months this year, April saw renewed compliance activity. The IRS provided guidance on transportation fringe benefits unused due to COVID-19 workplace changes and announced inflation-adjusted amounts for HSAs and HRAs. The Centers for Medicare & Medicaid Services (CMS) announced Medicare Part D rates and the parameters and thresholds for qualified retiree prescription drug coverage. The Department of the Treasury and the IRS issued a proposed rule to base Marketplace premium tax credit (PTC) eligibility on the cost of family health insurance coverage rather than individual coverage to fix the “family glitch” related to PTC eligibility.

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