IRS Notice Addresses Handling of Changes in Measurement and Stability Periods
Large employers (for 2015, this generally means those with 100 or more full-time or full-time equivalent employees) may use either the monthly or look-back method to determine whether an employee […]
Excepted Benefits – “Limited Scope” Dental and Vision Plans and EAPs
On September 26, 2014, the U.S. Department of Health and Human Services (HHS), the Internal Revenue Service (IRS), and the Department of Labor (DOL) released final regulations that explain when dental […]
IRS Allows Additional Section 125 Change in Status Events
On September 18, 2014, the Internal Revenue Service (IRS) issued Notice 2014-55 which allows employers to amend their Section 125 plans to recognize several new change in status events. Open Enrollment […]
Our September Educational Events were a Tremendous Success!
Our Innovative team presented an educational seminar at DelFrisco’s Double Eagle Steakhouse in Philadelphia on September 19th, and also at Fleming’s Steakhouse in Marlton on September 25th. The events, which […]
IRS Issues Drafts of Instructions for Employer and Individual Responsibility Reporting Forms
The following is a summary of draft instructions. Some of this information may change when the final forms and instructions are released. In order for the Internal Revenue Service (IRS) […]
Frequently Asked Questions about the Transitional Reinsurance Fee (TRF)
The transitional reinsurance fee (TRF) applies to fully insured and self-funded major medical plans for 2014, 2015, and 2016. The purpose of the fee is to provide funds to help […]
Group Health Plan Notices: What Do You Need To Include?
Employers that sponsor group health plans are required to give eligible employees a number of notices each year. Some notices must be given by a particular date, and some must […]
Highlights of the Summary of Benefits and Coverage Requirement
Plan administrators of group health plans, which includes all employers regardless of size or type of business with the exception of those that have been grandfathered, must provide a Summary […]
IRS Issues Drafts of Individual Responsibility Reporting Forms
The following is a summary of draft forms. Some of this information may change when final forms, and the instructions, are released. In order for the IRS to verify that […]
A September Lunch Event Is On The Calendar!
On February 10, 2014, the IRS issued final regulations on the employer requirements, often known as “Play or Pay.” For some employers Play or Pay is delayed until 2016, for […]
