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News & Thought Leadership

California Enacts A “Two Notice” Requirement for FSAs

On August 30th the Governor of California, Gavin Newsom, signed a new law that will require employers to notify any California employees who participate in an FSA of any deadline to withdraw funds before the end of the plan year. The notice must be made in two forms. Click to read more or contact us…

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Proposed Rules Clarify Individual Coverage HRAs

At the end of last month, the IRS published proposed regulations to clarify the application of the employer mandate under the Affordable Care Act (“ACA”) and other nondiscrimination rules under the Interval Revenue Code (“Code”) to health reimbursement arrangements. The proposed policies provide more information on an “affordable” and of “minimum value” individual policy. Read…

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D.C. Implements Individual Taxpayer Health Insurance Responsibility Requirement

In October 2018, D.C. passed an Individual Taxpayer Health Insurance Responsibility Requirement Amendment Act that requires all residents in the District of Columbia (D.C.) to maintain minimal essential health care coverage. The inability to do so, without a qualified exemption, will result in a fine or tax penalty. Click to read more or contact us…

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New Jersey Updates 2019 Individual Mandate Employer Reporting

Recently, the State of New Jersey posted new information on the Health Insurance Market Preservation (the “NJ Act”) that went into effect January 1, 2019. This act requires most New Jersey residents to maintain health insurance and failure to do so will result in an individual penalty imposed by the State after filing tax returns….

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MRL Rebate Checks Recently Issued to Fully Insured Plans

Insurance carriers are required to give rebates to employers in the form of a premium credit or check if they fail to satisfy certain medical loss ratio (MLR) thresholds. This means that for every dollar of premium, an insurance career must spend 85 cents in the large group market or 80 cents in the small…

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