October 2016 - Employee Benefits I AP Benefit Advisors

Time Off to Vote Laws by State

Do you know your time off rights to go vote in your state? Well, since the 2016 Presidential Election is right around the corner, here is a refresher to ensure you’re given the time to get out there and vote on November 8th! We’ve only highlighted a few states here, so please click the link […]

Read More...

Transitional Reinsurance Fee Year 3 – Deadline Approaching Nov 15th

Deadline is Tuesday, November 15, 2016:  Your self-funded health plan must submit your enrollment count and schedule your payments for the 2016 plan year. What is it? The Reinsurance Assessment is a fee applicable to insured and self-funded major medical plans for calendar years 2014 through 2016. It will primarily be used to help cover […]

Read More...

Earlier Deadlines for 2016 ACA Reporting

In 2016, the IRS extended the deadline for the 2015 ACA reporting by a few extra months. But for 2016 ACA reporting, the deadlines were not extended and the dates are soon approaching. Also, Section 4980H Transition Relief (exempting medium sized employers with 50-99 and large employers with 100 or more full-time employees or full-time […]

Read More...

HRCI & SHRM Pre-approved AP Benefit Advisors Webinar | Drug Deals: Understanding the Intricacies of PBM Contracts, Languages, and Opportunities

PBM contracts are notorious for being confusing and vague, yet, extremely important. Join AP Benefit Advisors’ Director of Data Analytics, Scott Mayer, for this complimentary, one-hour, HRCI* and SHRM** pre-approved webinar as he discusses how Pharmacy Benefit Management contracts can vary, even within the same PBM. With pharmacy spend now accounting for 20-25% of total […]

Read More...

IRS Finalizes Regulations Implementing Same-Sex Marriage Decisions and Guidance

The IRS has issued final regulations reflecting the U.S. Supreme Court decisions on same-sex marriage and prior IRS guidance in Revenue Ruling 2013-17. The final regulations, which took effect September 2, 2016, and largely track proposed regulations issued in 2015, amend existing IRS regulations to provide that, for federal tax purposes, the terms “spouse,” “husband,” […]

Read More...

Health Savings Account (HSA) Eligibility Rules

Many employers offer high-deductible health plans (HDHPs) to control premium costs, and then pair this coverage with a health savings account (HSA) to help employees with their care expenses. An HSA is a tax-favored trust or account that can be contributed to by, or on behalf of, an eligible individual for the purpose of paying […]

Read More...