Compliance

Health FSA Limit Will Increase for 2022

Health FSA Limit Will Increase for 2022

The Affordable Care Act (ACA) imposes a dollar limit on employees’ salary reduction contributions to health flexible spending accounts (FSAs) offered under cafeteria plans. This dollar limit is indexed for cost-of-living adjustments and may be increased each year. On Nov. 10, 2021, the IRS released Revenue Procedure 2021-45 (Rev. Proc. 21- 45), which announced that […]

Compliance Regulations for Business Using Electronic Media in Connection with their Employee Benefit Plans

Compliance Regulations for Business Using Electronic Media in Connection with their Employee Benefit Plans

Employers are increasingly using electronic media in connection with their employee benefit plans, including their group health plans. In general, federal law allows employers to provide most health plan notices electronically, provided they comply with certain rules regarding electronic delivery. Department of Labor (DOL) regulations contain a safe harbor under which employers may use electronic […]

California Individual Health Insurance Mandate

California Individual Health Insurance Mandate

Beginning in 2020, California imposed a state individual mandate that requires individuals in California to maintain acceptable health coverage or pay a penalty. The California law largely mirrors the federal individual mandate requirement under the Affordable Care Act (ACA) that was effectively eliminated, beginning in 2019. California was among the first states to enact its […]

MLR Rebate

MLR

How Employers Should Handle MLR Rebates The Affordable Care Act (ACA) established medical loss ratio (MLR) rules to help control health care coverage costs and ensure that enrollees receive value for their premium dollars. The MLR rules require health insurance issuers to spend 80-85 percent of premium dollars on medical care and health care quality […]

President Trump Orders Payroll Tax Deferment

FFCRA

On Aug. 8, 2020, President Donald J. Trump ordered the U.S. Department of Treasury (the Department) to defer collecting certain payroll taxes from Sept. 1 to Dec. 31, 2020. Because the order is for a deferral, the unpaid taxes will need to be recouped at a later time, unless the Department can find an avenue […]

Make Learning Fun Again :)

Learning Management

Engaging Remote Employees With Learning The COVID-19 pandemic continues to challenge many employers and their employees to move their daily work online, while trying to be just as productive and connected as in their normal workplace setting. With the remote workforce growing, employees can often feel disconnected and not as engaged with co-workers and the […]

President Trump Signs Executive Order on Pandemic Relief

Payroll

President Donald Trump recently signed an executive order and three memorandums to address pandemic relief in response to the ongoing impact of the coronavirus (COVID-19) pandemic. After negotiations for a relief package between the White House and lawmakers collapsed, the executive actions are intended to extend pandemic unemployment benefits, student loan payment deferrals, eviction protections […]

IRS: Employers Must Report Pay for FFCRA Leave on W-2

FFCRA

Employers are required to report the amount of qualified sick and family leave wages paid to employees under the Families First Coronavirus Response Act (FFCRA) on Form W-2, according to guidance from the IRS and the U.S. Treasury Department. The guidance was provided in Notice 2020-54, issued by the agencies on July 8, 2020. Reporting […]

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