ACA Compliance Bulletin: Health FSA Limit Will Increase for 2020

The Affordable Care Act (ACA) imposes a dollar limit on employees’ salary reduction contributions to health flexible spending accounts (FSAs) offered under cafeteria plans. This dollar limit is indexed for cost-of-living adjustments and may be increased each year. The health FSA dollar limit on employee salary reduction contributions is $2,750 for taxable years beginning in 2020. 

ACA Compliance Bulletin: New SBC Template will be Required for 2021

On Nov. 8, 2019, the Departments of Labor (DOL) and Health and Human Services (HHS) issued an updated template and related materials for the summary of benefits and coverage (SBC). These materials are required to be used for plan years beginning on or after Jan. 1, 2021. This means that the updated template must be used for the 2021 plan year’s open enrollment period.

Compliance Bulletin: HHS Rescinds Health Plan Identifier (HPID) Under HIPAA

On Oct. 25, 2019, the Department of Health and Human Services (HHS) released a final rule to rescind the HPID and requirements for its use. Under HIPAA, HHS is required to adopt standards for certain electronic transactions. One of the standards is a unique identifier for health plans—the HPID. 

Compliance Bulletin: DOL Proposes New Method for Electronic Delivery of Retirement Plan Disclosures

On Oct. 23, 2019, the U.S. Department of Labor (DOL) published a proposed rule that would allow plan administrators to make retirement plan disclosures available on a website. 

ACA Compliance Bulletin: ACA Health Insurance Providers Fee Will Increase in 2020

The Affordable Care Act (ACA) imposes an annual, non- deductible fee on the health insurance sector, allocated across the industry according to market share. On Sept. 4, 2019, the Internal Revenue Service (IRS) issued Notice 2019-50 to index the applicable fee amount for 2020. 

IRS Announces Employee Benefit Plan Limits for 2020

Many employee benefits are subject to annual dollar limits that are periodically increased for inflation. The Internal Revenue Service (IRS) recently announced cost-of-living adjustments to the annual dollar limits for various welfare and retirement plan limits for 2020.

Live Well, Work Well – November 2019

Topics Include:
• Flu Season is Here
• An Apple A Day May Help Keep the Doctor Away
• Popular Beverage Linked to Earlier Death
• Recipe: Autumn Vegetable Succotash

Thanksgiving Cooking and Kitchen Safety

If you have ever hosted – or even helped to prepare – a Thanksgiving meal, you know how hectic the kitchen can get. Getting that beautiful, delicious meal out on the table requires a lot of behind the scenes effort, which is oh so worth it, but according to the National Fire Protection Association, “Thanksgiving is the peak day for home cooking fires.”