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Employee Benefit News for School, City and County Employers

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How Imputed Income Reporting Works with Your Contributory Life Insurance Plan

Most school, city, and county employers are familiar with the imputed income rules when it relates to group term life insurance. Employers can provide their employees with up to $50,000 of group...

Final Wellness Plan Rules Remove Incentive Limits

The Equal Employment Opportunity Commission (EEOC) has removed the incentive limits from its final wellness plan rules effective January 1, 2019. The rules had allowed employers to offer wellness...

Health Insurance Literacy and its Impact on Your Bottom Line

Employees with low health insurance literacy frequently utilize more health care services.[1]   Often, they do not understand how to choose the appropriate healthcare services and may select an...

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Affordable Care Act Ruled Unconstitutional – But the Law Stands for Now

On Friday, December 14, 2018, a federal judge ruled that the entire Affordable Care Act (ACA) is unconstitutional. Last year, a change in the federal tax law eliminated or zeroed out the...

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Deadline Delayed for 2018 ACA Reporting

The Internal Revenue Service (IRS) issued Notice 2018-94 on November 29, 2019. This notice extends certain due dates for ACA reporting and extends a good-faith transition relief from penalties.

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Did You Get the IRS Letter 226-J? Here’s What You Need to Know.

The Affordable Care Act (ACA) requires that applicable large employers (ALEs) must offer their full-time employees affordable, minimum value health coverage or be penalized. This mandate is also...

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Republicans End Attempts to Repeal and Replace ACA

The Republican party has indicated that they will no longer attempt to repeal and replace the Affordable Care Act (ACA). They lost control of the U.S. House of Representatives to the Democrats...

Do Your Employees Know Their Total Compensation?

It is common for employees to be unaware of the dollar value of their benefit package, especially when they are feeling the effects of the healthcare crisis. A total compensation statement can...

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IRS Adjusted PCORI Fee Amount for 2018

The PCORI fee is an Affordable Care Act fee that funds comparative effectiveness research. It is applicable to both self-insured employers and health insurance carriers.

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Final Forms for 2018 ACA Reporting

The Internal Revenue Service (IRS) has released the final forms and instructions for 2018 reporting under Sections 6055 and 6056.