Compliance ✔- PCORI Fee Extended and Taxes Repealed

Compliance ✔- PCORI Fee Extended and Taxes Repealed

The House of Representatives along with the Senate passed two spending bills, H.R. 1158 and H.R. 1865, (a.k.a. the Further Consolidated Appropriations Act of 2020) which are expected to be signed by President Trump and take effect by year-end. The bills include the...
Compliance ✔- PCORI Fee Extended and Taxes Repealed

Compliance ✔- 2020 Deadline Extended for Form 1095

Per Notice 2019-63, the IRS extends the deadline for certain 2019 health information reporting from January 31, 2020 to March 2, 2020. This extension applies to Forms 1095-C and 1095-B provided to individuals. Due to this extension, the IRS will not grant additional...
Compliance ✔- PCORI Fee Extended and Taxes Repealed

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...
Compliance ✔- PCORI Fee Extended and Taxes Repealed

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...