2019 - Employee Benefits I AP Benefit Advisors

2019 Year End Round Up: ACA Changes – The Good, the Bad and the Ugly

On December 20, 2019, President Trump signed into law the 2020 Further Consolidated Appropriations Act—spending legislation which also included important changes for employer-sponsored health plans, repealing several taxes enacted as part of the Affordable Care Act (ACA) and extending one.  Here’s the roundup: Gone (the Good): The Cadillac Tax, HIT (Health Insurance Tax), Medical Device […]

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HRCI & SHRM Pre-Approved Webinar | Department of Labor Audits: How to Prepare and What to Expect – Your Survival Guide

The DOL (U.S. Department of Labor) audits of welfare benefit plans are happening with greater frequency for companies of all sizes. Are you ready to spend months preparing to comply with and survive the audit? Did you know the following can be the basis for a DOL Audit: Complaints by welfare benefit plan participants to […]

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IRS Offers Another Extension for 1094s and 1095s

IRS Offers Another Extension for 1094s and 1095s A   The IRS has, once again, come out with a holiday gift for employers. In the recently-released Notice 2019-63, the IRS provided additional reporting relief for employers for the 2019 calendar year. In short, the Notice provides: The due date to provide Forms 1095-C or 1095-B to […]

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Trump Administration Sets Sights on Healthcare Pricing Transparency

Background and Goals of the Proposed Rule A proposed rule, released jointly through the Departments of Health and Human Services (HHS), Labor, and Treasury (“The Departments”) on November 15, 2019, seeks to fulfill the Trump Administration’s Executive Order on Improving Price and Quality Transparency, first issued in June of 2019. The Executive Order directed The […]

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HRCI & SHRM Pre-Approved Webinar | Essentials of ACA Reporting Requirements & 401(k) Plan Administration

Join us for this HRCI* and SHRM** pre-approved, complimentary, one-hour webinar as Olivia Ash, JD, MD, Compliance Consultant with ComplianceDashboard, LLC, reviews the essentials of ACA reporting requirements to help reduce feelings of compliance “unease.” She’ll also cover the “big rocks” relating to administration and operation of a 401(k) plan, including an introduction into the […]

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IRS Announces 2020 Contribution Limits for Health Care FSAs and Qualified Transportation Plans

Today, the Internal Revenue Service announced the tax year 2020 annual inflation adjustments for more than 60 tax provisions, including the tax rate schedules and other tax changes (generally referred to as cost-of-living increases).  Revenue Procedure 2019-44 provides details about these annual adjustments. The 2020 tax items of greatest interest to our clients that are […]

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DOL – New Electronic Disclosure Guidance for Pension Plans under ERISA

The DOL (US Department of Labor) is proposing in this document a new, additional safe harbor for the use of electronic media by Retirement plans to furnish information to participants and beneficiaries of plans subject to the Employee Retirement Income Security Act of 1974 (ERISA).  The proposal, if adopted, would allow plan administrators who satisfy […]

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HRCI & SHRM Pre-Approved Webinar | Is Wellness Worth it? A Data-Driven Look into the World of Corporate Wellness

For nearly a decade, the wellness industry has promised employers the outcomes of better health, prevention of large claims, and lower insurance claims costs and trend. They have also touted higher productivity, higher morale and high employee satisfaction as “soft” outcomes. Yet, who has actually taken the time to analyze the data and see if […]

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New DOL Overtime Regulations Effective January 1, 2020

Author: Cindy Wagner, Director of HR Professional Services at AP Benefit Advisors On September 24, 2019, the U.S. Department of Labor (DOL) announced its plans to update the rules of the Federal Fair Labor Standards Act (FLSA) effective January 1, 2020. It is estimated that up to 1.3 million workers will become newly eligible for overtime pay […]

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