Viewing posts from: November 2010

Grandfathered Plans – Updates & New Wrinkles

Posted November 22, 2010 by admin

You read Crawford’s news articles on June 14th and June 17th on keeping your Plan’s Grandfathered Status (referred to as “GF status” below for shorthand purposes). And, you’ve read the regulations, the HHS/DOL’s FAQs and recent new articles. After the update below, we’ll explore a few interesting twists that we are forced to conclude from the guidance we have.

Label this update as “HHS changes its mind!”
This is a rather substantial change for the regulators, but, it’s one that makes a great deal of common sense. The grandfathered plan interim final regulations have been amended to permit insured group health plans to change insurance contracts and/or insurers without loss of the health plan’s grandfathered status (“GF status” for short).


Updated Health Care Reform Timelines

Posted November 3, 2010 by admin

Health Care Reform Timelines (originally posted here on 5/20/10), are revised to include new guidance.

AP Benefit Advisors’ Webinars on Health Care Reform have referenced a few timelines and charts that we have created to help Employers and Employees learn about health care reform and to determine which changes will affect you and when.

Employer Timeline for Health Reform

Employee Timeline for Health Reform

IRS Releases 2011 401(k) Limits and Delays Health Care Reporting on W-2s

Posted November 2, 2010 by admin

Delay Health Care Reporting on W-2s

As you’ve been keeping up with Health Care Reform (HCR), you’ve undoubtedly seen our charts summarizing HCR for Employees (here) and for Employers (here) and you’ve seen that when you get your W-2 on January 31, 2012 (for the 2011 Tax Year) it is supposed to include the full value of that year’s health care coverage you received from your employer. Well, the IRS listened to employers, tax preparers and software developers and realized that they all need more time to put those systems in place to begin to capture that data. With Notice 2010-69 the IRS altered the reporting requirement for 2011 W-2s (issued by January 31, 2012). Now, it is no longer mandatory that employers report the health care costs on employees’ W-2s. They expect to issue additional guidance by the end of this year, so, in all likelihood employers will need to begin including this information on 2012 W-2 (issued by January 31, 2013).


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