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...
Included in the Coronavirus Aid, Relief, and Economic Security (CARES) Act that was signed into law on March 27, 2020 is the restored ability to use HSAs, FSAs and some HRAs to purchase certain over- the- counter drugs and medications, like aspirin and other pain...
As reported by National Association of Health Underwriters, Congress has voted to fully repeal the Cadillac (excise) Tax and the Health Insurance Tax. The legislation fully repeals the Cadillac Tax and repeals the HIT effective January 1, 2021, which means the...
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and penalties for non-compliance have largely remained the same even though the individual penalty payment is no longer applicable.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...
Once again (in Notice 2018-94) the IRS has extended the deadline for furnishing Forms 1095-B and 1095-C to individuals from January 31 to March 4, 2019. The notice does not extend the due date for filing Forms 1094-B and 1094-C (and accompanying Form 1095s)...
On June 19th, 2018, the Department of Labor released final rules allowing for expanded availability of Association Health Plans (AHPs), typically for small employers. The rule establishes a broader definition of eligible employers that can join an association to...