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PCORI Fees Due July 31
May 17, 2018
To support research on healthcare plans, including Flexible Spending Accounts (FSA) and Health Reimbursement Arrangements (HRA) that are not excepted benefits, employers are required to file and pay applicable PCORI fees using IRS Form 720 by July 31, 2018 for plan years that ended January 1, 2017 through December 31, 2017.
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IRS Releases New HSA Contribution and Coverage Limits For 2019
May 17, 2018
The IRS has announced the following new Health Savings Account limits for 2019:
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IRS Restores 2018 Maximum Family HSA Contribution Limit to $6,900
May 17, 2018
Today, the IRS released Revenue Procedure 2018-27. The Treasury Department and the IRS have determined that it is in the best interest of sound and efficient tax administration to allow taxpayers to treat the $6,900 annual limitation originally published in Rev. Proc. 2017-37 as the 2018 inflation adjusted limitation on HSA contributions for eligible individuals with family coverage under an HDHP.
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IRS Releases Revised Cost-of-Living Adjustments Impacting HSA Contributions (& Other Benefits) in 2018
March 6, 2018
One of the provisions in the Tax Cuts and Jobs Bill enacted late last year was a change in the way the IRS was to calculate cost-of-living increases. Today, the IRS released Revenue Procedure 2018-18, which provides these new recalculated limitations.
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How the New S132 Tax Ruling Affects Employers
February 14, 2018
The Tax Cuts and Jobs Act, passed in December 2017, became effective on January 1, 2018.
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Deadline Extended to Provide Forms 1095-B and 1095-C
February 14, 2018
The IRS has issued Notice 2018-06, extending the deadline for employers to furnish Forms 1095-B and 1095-C to individuals for the 2017 tax year.
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Understanding Letter 226-J for Applicable Large Employers
February 14, 2018
Applicable Large Employers (ALEs) are starting to receive the first round of IRS Letter 226-J.
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HSA Accountholders Should Have Received Form 1099-SA by January 31, 2018
February 14, 2018
Banks are required to report information about Health Savings Account (HSA) distributions on IRS Form 1099-SA.
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Why are employees being asked for documentation after a substantiation feed has been established with the insurance carrier?
February 14, 2018
Are you hearing from your clients and/or employees that they still have to substantiate debit card purchases when a feed is provided by your dental carrier, pharmaceutical benefits manager and/or health insurance carrier?
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How to Determine an ERISA Plan Name, Plan Number & Plan Year
February 14, 2018
Employee welfare benefit plans are required to have their own identifying information, which includes a plan name, plan number and plan year.