Health and Welfare: IRS Releases 2021 Adjusted Dollar Limits
The IRS recently announced the tax year 2021 annual inflation adjustments for more than 60 tax provisions, including the tax rate schedules and other tax […]
401(k): IRS Releases 2021 Adjusted Dollar Limits
On October 26, 2020, the IRS released its annual notice, Notice 2020-79, setting forth the various dollar limitations for contributions and benefits under qualified retirement […]
IRS Releases Final 1094/1095 B and C Forms
The IRS released final Forms 1094/1095-B and Forms 1094/1095-C and related instructions for the 2020 tax year. The new forms add information related to Individual […]
MEWAs: State Regulation vs ERISA Preemption
There has long been confusion around a state’s ability to regulate Multiple Employer Welfare Arrangements (MEWAs) and ERISA’s preemption of those regulations. The reason for […]
Extension and Penalty Relief for 1095-B and 1095-C Statements
Statement Deadline Extended IRS Notice 2020-76 extends the due date for furnishing the 2020 Form 1095-B and Form 1095-C statements to individuals, from January 31, […]
HIPAA Breach by Business Associate Affecting 6 Million Results in $2.3 Million Settlement
It’s no secret the healthcare industry receives its fair share of cyberattacks. A six-year investigation resulted in a $2.3 million dollar payment to the Office […]
Make Sure Employers Know Their Responsibilities in a MEWA
There are few things more complicated in running a multiple employer welfare arrangement (MEWA) than making sure that the employer members understand their rights and […]
DOL Narrows “Health Care Provider” Definition in Revised FFCRA Rule
Effective September 16, 2020, the DOL promulgated a revised rule regarding certain provisions of the FFCRA. The DOL reviewed objections by the U.S. District Court […]
Time Is Running Out for Expanded 401(k) Loans Under CARES Act
URGENT! The expanded 401(k) plan loan provisions included in the Coronavirus Aid, Relief, and Economic Security (“CARES”) Act are quickly coming to an end! The […]