Servant Leadership
Compliance ✔- 2019 Draft Forms 1094 / 1095 Released
The IRS released drafts of Forms 1094-C, 1095-C, 1094-B, 1095-B and instructions for employers to report on health coverage offered in 2019, as required by the Affordable Care Act. The forms and instructions are similar to last year's documents, so employers and...
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Compliance ✔- Summary of Benefits & Coverage (SBC) Updated for 2021
The DOL and HHS released an updated Summary of Benefits and Coverage (SBC) template, Uniform Glossary and related material. Employers and insurers must use the new material starting with plan years beginning on or after January 1, 2021. In the meantime, employers and...
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Compliance ✔- 2020 Limit for Health FSA and More
The IRS issued the 2020 Health FSA limit, which increased $50 to $2,750. If an employer's cafeteria plan document states that the contribution limit reflects the maximum allowable by the IRS, then no changes are necessary. However, if the document states a specific...
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