Important Healthcare Reform Updates 10/23/2013 The Department of Labor and the Internal Revenue Service have published notices (DOL Technical Release 2013-3 and IRS Notice 2013-54) that provide new guidance concerning the implementation of the Affordable Care Act and the associated changes to Cafeteria Plans, Flexible Spending Accounts and Health Reimbursement Arrangements for plans that start on or after January 1, […] Read More >
Understanding The HHS Rules For Essential Health Benefits 10/15/2013 The Department of Health and Human Services (HHS) ruled to establish the future of insurance issuer standards and health insurance exchanges for actuarial value and essential health benefits under the PPACA. The final rule creates a plan for when federal facilitated exchanges should accredit qualified health plans. When the PPACA goes into full effect, insurance […] Read More >
Rollover2013 10/13/2013 Things to keep in mind if your plan will be offering rollover for the Flexible Spending Account (FSA). Rollover and Grace Period Plans may only have either grace period or the rollover option, not both. If your plan is removing grace period and adding rollover, any dates of service that you would like to use […] Read More >
IRS Issues Ruling on Tax Issues for Same Sex Marriages 09/17/2013 In the landmark ruling by the Supreme Court on June 26, 2013, section 3 of the Defense of Marriage Act (DOMA) was ruled to be unconstitutional. This ruling allowed same sex marriages to be recognized under federal law. Previously, states could decide if they would recognize same sex marriages, but they were not recognized federally. […] Read More >
What Employers Need To Know About HSA Shifts 09/05/2013 Recent research shows that over a four-year period, high-deductible health plans linked with health savings accounts lowered initial health spending. Researchers analyzed data from claims over the span of five years from a major employer that used high-deductible health plans with HSAs for all employees instead of using the traditional health care offering. The research […] Read More >
Higher HSA Contribution, Out-of-Pocket Expense Limits to Take Effect in 2014 08/06/2013 IRS announces 2014 HSA and Out-of-pocket expense limits. Reflecting adjustments for inflation and cost of living, the limits for contributions to health savings accounts (HSAs) and out-of-pocket spending under high-deductible health plans (HDHPs) will increase in 2014. Announced by the Internal Revenue Service (IRS) on May 2nd, the adjustments will raise HSA contribution limits from […] Read More >
Troubleshooting Browser Issues 07/01/2013 Website Compatibility for 1Cloud MS Internet Explorer (IE) version 7.x through IE 11.X Google Chrome latest version 31.0.X (Consumer and Employer portals only) Firefox latest version 25.0.X (Consumer and Employer portals only) Troubleshooting Browser Issues If we receive calls from participants or employers who are having difficulty with logging into their account or using their […] Read More >
New Feature Available to Assist with PCOR Fees 06/11/2013 myCafeteriaPlan would like to announce the addition of a new feature to assist with calculating PCOR (Patient Centered Outcome Research) fees. myCafeteriaPlan now has a report available that will provide a participant count based on the approved Snapshot method for HRA plans that are subject to the PCOR fees. The Snapshot method uses specified dates […] Read More >
IRS Updates Form 720 for Reporting ACA PCOR Fees 06/07/2013 Updated – IRS Introduces Updated Form 720 for Reporting PCOR Fees – PCORI Fees The IRS has released a revised Form 720 (Quarterly Federal Excise Tax Return) due July 31, 2013, which now includes a section for reporting the PCOR (Patient Centered Outcome Research) fees required to be paid by group health plans. Along with […] Read More >
IRS Sets 2014 HSA Contribution Limits 05/23/2013 New 2014 Health Savings Account Contribution Limits The IRS has released the updated, inflation adjusted HSA contribution limits for 2014 as shown below: The IRS has released the 2014 cost-of-living adjustments affecting HSAs. The HSA contribution limits and HDHP out-of-pocket maximums will increase slightly, while the HDHP minimum required deductibles remain unchanged. Here are the […] Read More >