IRS

Better Late Than Never? IRS Provides Limited Relief for Some HRAs

Adding to other Agency guidance on HRAs, premium reimbursement arrangements, and employer payments plans, the Internal Revenue Service (IRS) published Notice 2015-17 on February 18, 2015. This Notice clarifies earlier guidance and provides limited transition relief in specific circumstances, namely for small employers who have continued to reimburse individual policies. Such arrangements are an important […]

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Small Employer Reform News

Better Late Than Never? IRS Provides Limited Relief for Some HRAs

Adding to other Agency guidance on HRAs, premium reimbursement arrangements, and employer payments plans, the Internal Revenue Service (IRS) published Notice 2015-17 on February 18, 2015. This Notice clarifies earlier guidance and provides limited transition relief in specific circumstances, namely for small employers who have continued to reimburse individual policies. Such arrangements are an important […]

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North Carolina News

523558463

Wrap Coverage Gets an Update with a Second Round of Proposed Rules

On December 19, 2014, the Departments of Labor, Health and Human Services, and Treasury (collectively, the Departments) issued proposed regulations for two circumstances in which an employer can sponsor health coverage that wraps around and supplements individual health insurance and still qualifies as an excepted benefit: (1) limited wraparound coverage offered to part-time employees with […]

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Affordable Care Act News

tax

IRS Publication 5187: What’s New for 2014 Tax Returns

UPDATE: On February 4, 2015, the IRS made available a document identifying best practices regarding the Individual Mandate for tax return preparers. This document may be found here. Why is this important for employers? If an individual did not have qualifying health coverage for themselves or any dependents for the full calendar year, the IRS […]

affordable care act

New ACA Affordability Rules Impact Cafeteria Plan Flex Credits

Just before Thanksgiving, the Internal Revenue Service and Treasury released a final rule on Minimum Essential Coverage and Other Rules Regarding the Shared Responsibility Payment for Individuals, otherwise known as the individual mandate. At first glance, this final rule appears to address issues only relevant to individuals.  However, within the final rule, the IRS and […]

supreme court

UPDATE: SCOTUS to Hear Challenge to Health Law’s Insurance Subsidies

On Friday, November 7, 2014, the United States Supreme Court decided to hear King v. Burwell, a case appealed from the United States Court of Appeals  for the Fourth Circuit challenging the ability of the government to provide tax subsidies for health insurance coverage purchased through federally-facilitated health insurance marketplaces. This development came as a surprise to […]

wind in sails

Agencies Take the Wind Out of the Sails of Minimum Value Plans

In recent weeks, there has been significant discussion about plans without coverage for in-patient hospital or physician services (often referred to as middle plans or MVP plans), and whether such plans actually meet the minimum value component of the employer mandate under Code 4980H(b).  On November 4, 2014, the IRS, Treasury and Department of Health […]

delayed

Indefinite Delay in Enforcement of HPID Requirement

The Health Plan Identifier (HPID) is a standard, 10 digit unique health plan identifier required by the Health Insurance Portability & Accountability Act of 1996 (HIPAA). The HPID is to be used to identify health plans in HIPAA electronic standard transactions. HIPAA standard transactions include medical and dental claims and encounters, payment and remittance advice, […]

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