04.13.18
How to Handle an ACA Penalty Letter
The IRS has begun issuing letters to employers who are not offering health coverage to full-time employees. Under the Affordable Care Act’s (ACA) employer shared responsibility rule, applicable large employers must provide affordable health coverage to full-time employees or …
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04.12.18
Wrap Documents for Welfare Benefit Plans
The Employee Retirement Income Security Act of 1974 (ERISA) is a federal law that sets minimum standards for employee benefit plans maintained by private-sector employers. Under ERISA, employer-sponsored welfare benefit plans, such as group health plans, must be described …
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04.11.18
Offering Student Loan Repayment Benefits
The price of a college education has soared in recent years—for example, in 2015, Harvard’s annual tuition and fees (not including room and board) was $45,278. However, if yearly tuition increases had kept on pace with the inflation rate …
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03.14.18
FAQs for Employers on Medical Child Support Orders
The Department of Health and Human Services recently issued FAQs for employers regarding National Medical Support Notices (NMSNs). The NMSN is the official form that child support agencies send to employers to ensure that children receive healthcare coverage when …
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03.13.18
Spending Resolution Affects ACA Taxes
On Jan. 22, 2018, President Donald Trump signed a short-term continuing spending resolution into law to end the government shutdown and continue funding through Feb. 8, 2018. The continuing resolution impacts the following three taxes and fees under the …
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03.12.18
How the New Tax Reform Law Is Driving Changes in Employee Benefits
By TERI GLASS, Employee Engagement & Communication Practice Leader The Tax Cuts and Jobs Act of 2017 (TCJA) passed late last year and slashed the corporate tax rate to 21 percent from 35 percent. The subsequent savings is providing …
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03.08.18
Cigna to Buy Express Scripts in $67 Billion Deal
Health insurer Cigna Corp. announced today, March 8, 2018, that it would purchase Express Scripts Holding Co., a pharmacy benefits manager (PBM) for $67 billion in cash and stock, including $15 billion assumed for Express Scripts’ debt. This announcement …
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03.08.18
IRS Reduces HSA Limit for Family Coverage for 2018
On March 5, 2018, the Internal Revenue Service (IRS) released Revenue Procedure 2018-18 to announce changes to certain tax limits for 2018, including a reduced contribution limit for health savings accounts (HSAs). The new tax law enacted late last …
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02.16.18
Allianz Named Risk Management/Specialty Winner in Inaugural Property and Casualty Carrier Survey
Allianz was recently presented with the top award for large account/specialty carrier performance for 2017 as rated by Hylant’s risk management and practice group teams. Allianz received top aggregate marks for the six critical performance categories in this segment. …
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