In a recent Notice the IRS announced the adjusted percentage that will be used to determine whether employees' share of their 2021 premiums are considered affordable for purposes of the employer mandate. Applicable Large Employers, for the 2021 plan year, will...
The IRS released two notices (2020-29 & 2020-33) providing relief on cafeteria plan election rules and increasing the allowed health FSA carryover. These notices are not an employer requirement, rather options to consider. Keep in mind that if you want to adopt...
On May 4, 2020, the IRS and DOL issued a joint Notice extending various timelines that apply to COBRA elections and premium payments. The extensions are retroactive back to March 1, 2020. The extensions will be effective throughout the National Emergency and will end...
Depression, anxiety, and other mental illnesses carry a workplace stigma that cause many employees to suffer in silence rather than to seek help. Many employees struggling with mental health issues have expressed anxiety about the possibility of losing their jobs due...
Employer reporting requirements and penalties for non-compliance have largely remained the same even though the individual penalty payment is no longer applicable. Forms 1094/1095-B (B Forms) and Forms 1094/1095-C (C Forms), and related instructions, for the 2019...
The IRS increased the dollar limit on employee salary reduction contributions under the health Flexible Spending Account (FSA) to $2,750. The dependent care limit remains $5000.
