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November Compliance Recap

Monday, December  10,  2018

November was a busy month in the employee benefits world. The Internal Revenue Service (IRS) extended the due date for employers to furnish Forms 1095-C or 1095-B to individuals, extended “good faith compliance efforts” relief for 2018, and issued specifications for employer-provided substitute ACA forms. The Department of the Treasury (Treasury), Department of Labor (DOL), … Continue reading

ACA Extensions Announced

Friday, November  30,  2018

Yesterday afternoon, the IRS released Notice 2018-94, which announced an extension of the 2019 deadline for insurers and employers to furnish forms 1095-B and 1095-C to individuals. These forms, originally due January 31, 2019 are now due March 4, 2019. Although the furnishing deadline has been extended, the IRS has not extended the deadline for … Continue reading

Innovative Compliance- The New Jersey Pay Equity Law

Tuesday, November  13,  2018

As of July 1, 2018, the Diane B. Allen Equal Pay Act (“the Act”), which amends the New Jersey Law Against Discrimination (“LAD”), went into effect in New Jersey. The Act applies to all New Jersey public and private employers regardless of size, except federal employers. https://www.njleg.state.nj.us/2018/Bills/S0500/104_R2.PDF Pursuant to the Act, it is unlawful for … Continue reading

New Tri-Agency Proposed Rule on Health Reimbursement Arrangements

Friday, November  2,  2018

The Department of the Treasury (Treasury), Department of Labor (DOL), and Department of Health and Human Services (HHS) (collectively, the Departments) released their proposed rule regarding health reimbursement arrangements (HRAs) and other account-based group health plans. The DOL also issued a news release and fact sheet on the proposed rule. The proposed rule’s goal is … Continue reading

Important NJ Earned Sick Leave Update

Thursday, November  1,  2018

In yesterday’s blog post, we discussed the New Jersey Earned Sick Leave Law, which went into effect this Monday, October 29th.  For more on the specifics of the law, click here.  In addition to the employer obligations outlined in the previous post, all employers with employees working in New Jersey must post the New Jersey … Continue reading

NJ Earned Sick Leave Law Goes into Effect

Wednesday, October  31,  2018

For New Jersey employers (or PA, NY or other employers who have employees who work in NJ), the NJ Earned Sick Leave Law went into effect Monday, October 29, 2018. Below is a link to a very comprehensive list of FAQs on the law, but here are some highlights: There is no minimum number of … Continue reading

Student Loan Considerations for Plan Sponsors-Part Two

Wednesday, October  17,  2018

As a follow up to our first article on student loan debt, its impact on employers and the recent IRS Private Letter Ruling (PLR) regarding student loan repayments, we’ve attached a summary of items to consider when contemplating this type of arrangement.  As this ruling has just been released, we can expect additional items in … Continue reading

Innovative’s Executive Account Manager, Elizabeth Ferroni, attends Annual Employee Benefits Symposium

Thursday, August  30,  2018

Our Executive Account Manager, Elizabeth Ferroni, just came back today from attending the Annual ISCEBS Employee Benefits Symposium in Boston, MA. Now in its 37th year, the symposium brings together thousands of benefit professionals to learn, discuss and hear from industry experts and leaders. Elizabeth is excited to be back and share her experience and … Continue reading

June Compliance Recap

Wednesday, July  11,  2018

June was a relatively quiet month in the employee benefits world. The U.S. Department of Labor issued final regulations regarding association health plans. The U.S. Department of Justice filed a response in ongoing litigation regarding the constitutionality of the Patient Protection and Affordable Care Act. The Centers for Medicare and Medicaid Services released a form … Continue reading

Innovative Speaks at Leading Age NJ Annual Meeting & Expo

Monday, June  11,  2018

Last Wednesday, the Innovative team had the pleasure exhibiting and presenting at the Leading Age New Jersey Annual Meeting & Expo at Harrah’s Casino in Atlantic City, NJ. Innovative representatives, Dan Foley and Ryan Kastner, presented Bucking the Trend: Health Plan Cost Containment Strategies to an audience of aging services providers. Their presentation detailed a variety of strategies … Continue reading

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