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December Compliance Recap

Monday, January  14,  2019

December was a relatively quiet month in the employee benefits world. A U.S. District Court issued an order declaring that the Patient Protection and Affordable Care Act (ACA) is unconstitutional. The Equal Employment Opportunity Commission (EEOC) issued two final rules to remove certain wellness program incentives. The Department of Labor (DOL) updated its Form M-1 … Continue reading

Innovative Benefit Planning Celebrates 30 Years of Business

Thursday, January  10,  2019

As we enter 2019, Innovative Benefit Planning celebrates 30 years of success as a national, employee benefit, and financial services company.  Founded in 1989 by Terriann Procida and Mark Sulpizio in Mt. Laurel, NJ, the firm’s vision was to provide unique employee benefit consulting and financial planning services to businesses and their executives in the … Continue reading

10 FAQs Regarding The New Jersey Paid Sick Leave Act

Tuesday, January  8,  2019

1.) Earned sick leave may be used for: The treatment, care or diagnosis for employee or family member Employee or family member a victim of domestic or sexual violence (*has no 25 employees +  or 1,000 hours worked requirement like the NJ Safe Act). Workplace or school/daycare closed by a public official due to an epidemic … Continue reading

The IRS Increases the PCORI Fee

Monday, December  24,  2018

The Internal Revenue Service announced that the Patient-Centered Outcomes Research Institute (PCORI) fee will rise to $2.45 (from $2.39) per covered life in plan years that fall between October 1, 2018, and September 30, 2019.  This increase will have an impact on 2019 plan year rates and is attributable to a rise in health care … Continue reading

Tax Credit Check from Horizon

Friday, December  21,  2018

Attention Horizon customers! You may have received or will receive shortly, a check in the mail from Horizon regarding a tax credit refund check. Note, this is a legitimate check and you can use these funds however you see fit. Why are you receiving this check? In late 2017, the Federal Tax Reform was enacted … Continue reading

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. 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


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