Each year, just as the leaves turn to the fiery shades of autumn, the Internal Revenue Service (IRS) announces how much more “green” will be available during the coming year under various employee benefit programs.
Posted by: United Benefit Advisors (UBA) Oct 31, 2022 3:57:01 PM
Each year, just as the leaves turn to the fiery shades of autumn, the Internal Revenue Service (IRS) announces how much more “green” will be available during the coming year under various employee benefit programs.
Posted by: United Benefit Advisors (UBA) Oct 5, 2022 4:53:10 PM
September was a relatively quiet month in the compliance space as employers continue the ramp-up to open enrollment.
Posted by: United Benefit Advisors (UBA) Sep 7, 2022 11:26:13 AM
August was a busy month, with employers buzzing about transparency, reporting, and more. As we wrap up the summer season of the 2022 benefits compliance calendar, be mindful of these important issues.
Posted by: United Benefit Advisors (UBA) Aug 2, 2022 4:17:13 PM
The summer has seen a flurry of compliance-related activity, most notably the landmark decision issued by the U.S. Supreme Court to overturn Roe v. Wade. As we move into the second half of the 2022 employee benefits compliance calendar, there are a number of important issues to note.
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.
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.
Posted by: Matthew Meidell Jun 23, 2020 5:15:00 AM
The DOL released updated COBRA model notices and FAQs providing general information on the updated model notices. The FAQs note that the DOL provides a model general COBRA notice and model COBRA election notice that plans may use to satisfy the requirements to timely provide both of these notices to qualified beneficiaries.
Posted by: Matthew Meidell Jun 12, 2020 5:15:00 AM
The IRS issued IRS Notice 2020-29 (Notice) that provides increased flexibility for making mid-year elections or changes under a Section 125 cafeteria plan during calendar year 2020 related to employer-sponsored health coverage, health flexible spending arrangements (health FSAs), and dependent care assistance programs (DCAPs).
Topics: compliance, compliance recap, IRS Notice 2020-29
Posted by: Robyn Leonard May 15, 2020 5:30:00 AM
Growing up in Alaska was definitely different than in other states in so many ways. One of the things you come to realize, as you age into adulthood, is how expensive things are there compared to other states. A trip to a local fast food restaurant will give you a good indication. A child’s meal pack at the local drive-thru can be as much as a $5 more compared to prices in “the states.” Everything is more expensive in Alaska.
Topics: LTC Solutions, Inc., UBA Partners
Posted by: Bill Olson May 5, 2020 5:15:00 AM
The coronavirus crisis has forced human resources teams to juggle more challenges than ever before, from employee benefits and sick leave to new teleworking policies. On top of this, the drastic change in the American workplace has spawned new laws and protocols, while raising questions about how these new regulations affect standing legislation like the Americans with Disabilities Act (ADA). In order to remain fully compliant, HR departments need to keep abreast of the latest developments, especially regarding the Families First Coronavirus Response Act (FFCRA), which officially went into effect April 2. Here’s some guidance on how to remain ADA-compliant while your company implements new policies in response to COVID-19.
Topics: ADA, HR Elements, COVID-19