April 2014 - Employee Benefits I AP Benefit Advisors

ACA Compliance & Benefits Administration Resource Library for HR Professionals, CEOs and CFOs

AP Benefit Advisors is pleased to announce a complimentary ACA compliance and benefits administration resource library designed for employers with over 100 participating employees. This library offers access to extensive PPACA compliance and benefits administration resources, including live and on-demand benefits webinars, monthly benefits newsletters, compliance white papers and briefs, a pay-or-play calculator, and an up-to-date group benefits […]

Read More...

IRS Releases 2015 HDHP-HSA Specifications

IRS Rev. Proc 2014-30 – increases the Health Savings Account (HSA) maximum annual contribution for 2015 by $50 for individuals and $100 for families. The corresponding HDHP plan (per IRC 223(c)(2)(A)) must be a health plan with an annual deductible that is not less than $1,300 for self-only coverage or $2,600 for family coverage, and […]

Read More...

AHIMA to HHS: Clarify ICD-10 start date

by Laura Pedulli, clinicalinnovation.com Language in the last minute SGR patch, Protecting Access to Medicare Act of 2014, mandated that ICD-10 be delayed for at least a year but did not specify an exact timeline. Calling themselves the Coalition for ICD-10, the American Health Information Management Association (AHIMA) and several other organizations are urging the […]

Read More...

The IRS weighs in on HCFSA Carryover and Reimbursement Mistakes

A.  IRS Provides Guidance on Correcting Health Care FSA Reimbursement Mistakes.  The IRS has released a Chief Counsel Advice (CCA) memorandum that provides guidance on correcting HCFSA payments for expenses that are not properly substantiated or are later determined to be ineligible for reimbursement (improper payments). Issues addressed include whether the correction procedures for improper […]

Read More...

Final Regulations for Employer Benefits Reporting

Excerpted from shrm.org The U.S. Treasury and the IRS issued two final rules that define the information-reporting procedures for insurers and self-insured employers that take effect in 2015. The rules were published in the Federal Register on March 10, 2014. Although 96 percent of organizations are not subject to ACA reporting requirements or the employer mandate to provide health care […]

Read More...