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Compliance ✔️ – PCORI Fee for Self-Insured Plans Due July 31, 2018
Employers who sponsor a self-insured group health plan (including Health Reimbursement Arrangements - HRA) are subject to the PCORI fee provisions of the Affordable Care Act. The employer must file Form 720 and submit payment to the IRS by July 31st of the calendar...
Supreme Court Ruling Allows Employers to Bar Class-Action Lawsuits
On May 21, 2018, the U.S. Supreme Court ruled that employers can use arbitration clauses in employment contracts to bar employees from filing class-action lawsuits related to wage and overtime claims. In a 5-4 split decision, the court determined that employment...
ACA 2019 Affordability and Penalty Letters 227
The IRS issued recent Affordable Care Act (ACA), also known as Obamacare, guidance in the forms of the 2019 affordability percentage and assistance with Letters 227. The ACA affordability percentage will increase from 9.56% in 2018 to 9.86% in 2019, which should allow...
GDPR Deadline Hits Tomorrow – Is Your Business Ready?
Most businesses view their customers’ personal data as a digital commodity that can help with marketing, customer retention, analytics and more. However, the European Union’s (EU) upcoming General Data Protection Regulation (GDPR) comes into force tomorrow, May 25,...
IRS Recently Announced 2019 HSA Limits
The IRS released 2019 annual thresholds for Health Savings Account (HSA) and High Deductible Health Plans (HDHP): Contribution maximums - $3,500 single and $7,000 family coverage Deductible minimums - $1,350 single and $2,700 family coverage Out-of-Pocket maximums -...