November 2016- Compliance Recap
November was quite an active month for compliance related updates in the law with regard to employee benefits and human resources. The IRS delayed 6055 and 6056 reporting for 2017, […]
FLSA Overtime Rule Blocked by Federal Judge
On Tuesday, November 22, 2016, a Texas federal judge blocked the Fair Labor Standards Act Overtime Rule by issuing a nationwide preliminary injunction. The regulation was scheduled to take effect […]
IRS Extends 1095 Deadline
The Internal Revenue Service has just announced an extension on the 2016 Form 1095-C, Employer Provided Health Insurance Offer and Coverage. Previously, the 1095-C was due to full time employees […]
The Trump Administration & Healthcare Reform
On January 20, 2017, Donald J. Trump will be sworn in as the next President of our nation. Next year, Republicans will have the majority in the House of Representatives […]
October 2016 Compliance Recap
October was a busy month for administrative rule-making in the employee benefits world. The Internal Revenue Service (IRS) released final instructions for Forms 1094-C and 1095-C, guidance on the taxability […]
Innovative Attends United Benefit Advisor’s Fall Conference in Chicago
The Innovative team headed to Chicago this past weekend for the United Benefit Advisor’s Fall Conference September 18th-20th. “UBA is the nation’s leading organization of independent benefit advisors who are […]
August Compliance Recap
August remained relatively quiet in the employee benefits world, with only new draft versions of the instructions for Forms 1095-C, 1095-C, 1094-B and 1095-B. The new draft versions of the […]
The Top 5 Things to Look for in an ACA Reporting Consultant
Innovative Benefit Planning’s consultants are widely considered the Affordable Care Act experts in the Greater Philadelphia and New Jersey areas. While many employers struggled with the ACA reporting for 2015 […]
HRAs, HSAs, and Health FSAs – What’s the Difference?
Health reimbursement arrangements (HRAs), health savings accounts (HSAs) and health care flexible spending accounts (HFSAs) are generally referred to as account-based plans. That is because each participant has their own […]
Compliance Recap- July 2016
During the month of July numerous new regulations were issued or proposed by federal agencies, and existing forms and processes were updated. In particular, penalties for various ERISA violations were […]
