Archive | Health Care Reform

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2017 PCOR Fee Filing Deadline is Quickly Approaching

The deadline for filing  Patient Centered Outcome Research Institute (PCOR) fees is quickly approaching. Group health plans are required to pay the PCOR fee for plan years ending on or after October 1, 2012 and before October 1, 2019.  The fee generally applies to Health Reimbursement Arrangements (HRAs) because they are considered group health plans.  […]

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Top 3 Things To Know about Qualified Small Employer Health Reimbursement Arrangements

Top 3 Things To Know about Qualified Small Employer Health Reimbursement Arrangements When Congress passed and the President signed The 21st Century Cures Act at the end of 2016, a new benefit option became available for small employers.  The legislation includes language allowing for Qualified Small Employer Health Reimbursement Arrangements, or QSEHRAs.  These plans allow […]

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W-2 Reporting Requirements for Reimbursement Accounts – What has to be Included?

W-2 Reporting Requirements for Reimbursement Accounts – What has to be Included? It’s that time of year when employers and employees begin thinking about deadlines for W-2s and reporting information for taxes. Healthcare reform has brought about many changes to the reporting requirements for healthcare costs and you may be asking yourself what requirements, if […]

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Medical Costs

The Small Business Healthcare Relief Act May Provide Additional Options

The Small Business Healthcare Relief Act May Provide Additional Options   When IRS Notice 2013-54 was released at the end of 2013, it contained information that put an end to most stand-alone Health Reimbursement Arrangements (HRAs). Many employers used HRAs to provide additional benefits to their employees.  Small employers used HRAs to provide funds for […]

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Congress Makes Last Minute Updates to Pre-Tax Plans in 2015

Congress Makes Last Minute Updates to Pre-Tax Plans in 2015 December was a busy month for pre-tax plans. Many employers, participants, and administrators made their voices heard in Washington, DC by reaching out to their representatives asking them to vote to make changes to the upcoming Cadillac Tax. The tax was originally scheduled to  take […]

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PPACA 2016 Employer Reporting Requirements

New Reporting for Health Plans As the implementation of the Patient Protection and Affordable Care Act (PPACA) continues, new reporting requirements will exist in 2016 for employers. The new requirements fall under IRS Code §6055 and IRS Code §6056, as reviewed below. Reporting of Minimum Essential Coverage Provided – IRS Code §6055 Under IRS Code […]

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IRS Updates 2016 Patient-Centered Outcomes Research Institute (PCOR) Fee

The IRS has increased the 2016 PCOR fee to $2.17, up $0.09 from the 2015 fee of $2.08. As a reminder, non-excepted group health plans are required to pay the PCOR fee for plan years ending on or after October 1, 2012 and before October 1, 2019. The fee generally applies to Health Reimbursement Arrangements […]

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IRS Issues Notice 2015-52 to Request Comments on Cadillac Tax Proposed Regulations

IRS Issues Notice 2015-52 to Request Comments on Cadillac Tax Proposed Regulations The IRS issued Notice 2015-52 on July 30, 2015, to address additional topics pertaining to the 2018 Excise Tax, commonly referred to as the Cadillac Tax. This notice is in addition to Notice 2015-16, which first outlined various topics that are being considered […]

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IRS Adds to Permitted Change in Status Events

IRS Adds to Permitted Change in Status Events IRS Notice 2014-55 outlines two new change in status events for Cafeteria Plans. The change in status events outlined are 1) when an employee will have their hours of service reduced to below 30 hours a week on average but is still eligible for the employer’s group […]

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