IRS Announces New Low Affordability Percentage of 9.12% for 2023
Recent IRS updates to the Affordable Care Act (ACA) affordability percentage may lead to increased costs for employers in 2023. In Rev. Proc 2022-34, the IRS announced that the ACA affordability percentage for plan years beginning in calendar year 2023 will be 9.12%....
PCORI Fee Due August 1
The Affordable Care Act (ACA) requires health insurance issuers and self-insured plan sponsors to pay Patient-Centered Outcomes Research Institute fees (PCORI fees). The fees are reported and paid annually using IRS Form 720 (Quarterly Federal Excise Tax Return). The...
HDHP Deductible Waived for Telehealth Temporarily… Again
The Consolidated Appropriations Act, 2022 (CAA) was signed into law on March 15, 2022 to avoid a government shutdown and includes a provision that reinstates relief for coverage of telehealth care under a high-deductible health plan (HDHP). The reinstatement is not...
Employee Leave – Retaliation Guidance
On March 10, 2022, the Department of Labor (DOL) issued Field Assistance Bulletin 2022-02 (FAB) providing examples of prohibited retaliation under the Family and Medical Leave Act (FMLA) and Executive Order (EO) 13706, “Establishing Paid Sick Leave for Federal...
5 HR Trends to Monitor in 2022
Human resources (HR) departments are given more responsibility each year, often with budgets that don’t match these changes. As a result, HR teams must constantly innovate and stay on top of trends to remain competitive in today’s labor market. This article highlights...