The Internal Revenue Service (IRS) released the final forms and instructions for reporting under Internal Revenue Code (Code) Sections 6055 and 6056. Employers should become familiar with these forms and instructions for reporting for the 2020 calendar year. To download the ACA Compliance Bulletin, please click here. The information contained in this bulletin is intended to provide accurate and authoritative information on legislative and market news. It is distributed with t

The Internal Revenue Service (IRS) released draft 2020 instructions related to forms for reporting under Internal Revenue Code (Code) Sections 6055 and 6056. Employers should become familiar with these forms and instructions for reporting for the 2020 calendar year. However, these are draft versions only, and should not be filed with the IRS or relied upon for filing. To download the ACA Compliance Bulletin, please click here. The information contained in this bulletin is int

The updated affordability percentages are effective for taxable years and plan years beginning Jan. 1, 2021. This is a slight increase from the affordability contribution percentages for 2020. As a result, some employers may have additional flexibility in setting their employee contributions for 2021 to meet the adjusted percentage. To download the ACA Compliance Bulletin, please click here. The information contained in this bulletin is intended to provide accurate and author

Flexible spending account (FSA) participants can forfeit unused funds from their Health Care FSA or Dependent Care FSA if they don’t understand their plan provisions. It is important for everyone involved in FSAs to understand which plan provisions provide time to file claims after the end of the plan year, such as runout, and when the plan includes optional features that provide more time to incur expenses, such as grace period and rollover. To download the FSA Compliance Bu

On October 2, 2020, the Internal Revenue Service (IRS) issued a new notice that provides important guidance about the ACA reporting relief for the 2020 calendar year. To download the ACA Compliance Bulletin, please click here. Please be advised that any and all information, comments, analysis, and/or recommendations set forth above relative to the possible impact of COVID-19 on potential insurance coverage or other policy implications are intended solely for informational pur

In this Issue: California Expands Family and Medical Leave; California Employer Reporting for Its Individual Mandate; Medicare Part D Notic

In this Issue: Brown & Brown Relief Center, Section 1557 Discrimination Update, 2021 Benefits Update, 2019 PCORI Fees

In this Issue: FSA, HSA, and HRA Changes; HCSO Annual Reports Cancelled; ACA Court Challenge; DOL Increases Penalties for 2020

In this Issue: PCORI Fee Revived, SF HCSO Updates, Section 125 FSA Law for CA Employers