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News & Thought Leadership

Deadline Extended for 2019 Forms 1095-C

On December 2, 2019, the IRS issued Notice 2019-63, which extended the deadline for employers to provide Forms 1095-C to their full-time employees to March 2, 2020 and an extension of relief penalties for the 2019 reporting year for employers that made good-faith efforts to comply with the reporting requirements. Download the PDF below to…

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Proposed Rules Clarify Individual Coverage HRAs

The IRS published proposed regulations on how to determine when an individual health reimbursement arrangement is “affordable” and of a “minimum value” to help employer meet minimum essential coverage for Part A penalty purposes. These were done to clarify the application of the employer mandate under the Affordable Care Act (ACA) and certain nondiscrimination rules…

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2020 Cost of Living Adjustments

The IRS recently released cost of living adjustments for 2020 that affect transportation fringe benefits, FSA limits, QSEHRAs and the definition of Highly Compensated employees. Click to learn more and see the 2020 limits. Download the PDF below to learn more.

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IRS Announces 2020 Health Insurer Fee

Recently, the IRS related Notice 2019-50, which describes the health insurance fee for the 2020 tax year. Mandated by the Affordable Care Act (ACA), the tax is used to help fund the creation and ongoing operation of the federal and state marketplace exchanges. Read more on how your employer sponsored health plan will be impacted. Download…

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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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