The ACA’s Cadillac, HIT and Medical Device Taxes Are Repealed; PCORI Fee Extended for 10 More Years
On December 20, 2019, the President signed a $1.4 trillion spending bill that will fund the federal government through September 30, 2020. The bill signed by the President specifically includes […]
November Compliance Recap
November was a busy month in the employee benefits world. The Internal Revenue Service (IRS) released draft 2019 instructions for Forms 1094-B, 1095-B, 1094-C, and 1095-C. The IRS also released […]
IRS Extends ACA Reporting Deadline for Furnishing Statements for 2019 from January 31 to March 2, 2020
In Notice 2019-63, the IRS extended the 2020 deadline for employers and insurers to furnish individual statements on 2019 health coverage and full-time employee status (Forms 1095-B and 1095-C) from January 31 to […]
Innovative Welcomes Lisa as Director of Compliance
We are excited to announce the latest addition to the Innovative Benefit Planning team! Please join us in welcoming Lisa A. Hill as our Director of Compliance. As Director of […]
2020 IRS Contribution Limits Released
On Wednesday, the IRS announced new contribution limits for medical FSA, Commuter Benefit, and HSA plans for 2020. The FSA contribution will increase to $2,750, a $50 increase from current […]
October Compliance Recap
Compliance Recap-October 2019 October was a relatively quiet month in the employee benefits world. The U.S. District Court for the Northern District of Texas vacated portions of the current rule […]
September 2019 Compliance Recap
September was a busy month in the employee benefits world. The U.S. Senate confirmed Eugene Scalia as the new Secretary of the Department of Labor (DOL). The Internal Revenue Service […]
DOL Overtime Rule Change
On Sept 24th, the US Department of Labor (DOL) released a new rule, increasing the minimum salary level for exempt status to $35,568 per year for a full-time employee, effective […]
August 2019 Compliance Recap
August was a relatively quiet month in the employee benefits world. The Department of Labor (DOL) issued its updated Medicaid / CHIP Model Notice. The Centers for Medicare and Medicaid […]
NJ Bans Salary History
On July 25th, 2019, New Jersey’s Acting Governor Sheila Oliver signed NJ Bill A1094 (“the Law”), which bans employers from asking applicants for their salary history. Read the full law […]
