Compliance

COMPLIANCE UPDATES


Affordability Percentages Will Increase for 2019

Axion RMS May 30, 2018 0 Comments
Affordability Percentages Will Increase for 2019 On May 21, 2018, the IRS issued Revenue Procedure 2018-34 to index the contribution percentages in 2019 for purposes of determining affordability of an employer’s plan under the ACA. This ACA Compliance Bulletin describes the adjusted percentages. Affordability Percentages Will Incresase for 2019

Final Notice of Benefit and Payment Parameters for 2019

Axion RMS Apr 25, 2018 0 Comments
Final Notice of Benefit and Payment Parameters for 2019 On April 9, 2018, HHS issued its final Notice of Benefit and Payment Parameters for 2019, which describes benefit and payment parameters under the ACA for the 2019 benefit year. This ACA Compliance Bulletin provides an overview of key changes included in the final rule for 2019. Final Notice of Benefit and Payment Parameters for 2019 4.18

IRS Reduces HSA Limit for Family Coverage for 2018

Axion RMS Mar 15, 2018 0 Comments
On March 5, 2018, the IRS released Revenue Procedure 2018-18 to announce changes to certain tax limits for 2018, including a reduced HSA contribution limit for individuals with family coverage under an HDHP. Employers with HDHPs should inform employees about the reduced HSA contribution limit for family HDHP coverage. Employees may need to change their HSA elections going forward to comply with the new limit. HSA Update 3.18

New Tax Law Includes Changes For Employee Benefits

Axion RMS Feb 01, 2018 0 Comments
The Tax Cuts and Jobs Act includes federal tax law changes that impact employee benefits. For example, effective for 2018, employees can no longer receive tax-free reimbursements of moving expenses or bicycle commuting costs. Also, the new law creates a temporary tax credit for employers that provide paid family and medical leave. This Compliance Bulletin summarizes these employee benefit changes. New Tax Law Includes Changes for EE Benefits 1.18

Benefits Bulletin – 1st Quarter

Axion RMS Jan 17, 2018 0 Comments
Benefits Bulletin is a quarterly newsletter that covers hot benefit topics in depth. This issue includes information about the updated employee benefits plan limits for 2018, health plan reporting, the proposed benefits and payment parameters for 2019 and pay or play enforcement guidance. UPDATED—This newsletter has been updated to include the furnishing deadline extension for ACA reporting made effective by IRS Notice 2018-06, which was issued on Dec. 22, 2017. Benefits Bulletin - 1st Quarter 2018

Preventing Workplace Harassment

Axion RMS Jan 17, 2018 0 Comments
Following several high-profile news reports of workplace harassment in 2017, the EEOC issued a list of best practices for employers to use in their workplaces to prevent harassment. This Compliance Overview provides a summary to assist you with your own practices. Preventing Workplace Harassment 12.17

IRS Announces Benefit Plan Limits for 2018

Axion RMS Nov 07, 2017 0 Comments
The IRS recently announced cost-of-living adjustments to the annual dollar limits for various welfare and retirement plan limits for 2018. Although some of the limits will remain the same, many of the limits will increase for 2018. This Compliance Bulletin summarizes the newly released benefit plan limits for 2018. IRS Announces Benefit Plan Limits for 2018

ACA 2018 Compliance Checklist

Axion RMS Oct 26, 2017 0 Comments
Several ACA requirements will be affected by changes that take effect in 2018, such as increased dollar limits and decreased affordability percentages. To prepare for 2018, employers should review upcoming requirements and develop a compliance strategy. This ACA Overview provides an ACA compliance checklist for 2018. ACA 2018 Compliance Checklist

SENATE RELEASES DRAFT ACA REPLACEMENT BILL

Axion RMS Jun 27, 2017 0 Comments
On June 22, 2017, Republicans in the U.S. Senate released a draft of their proposal to repeal and replace the Affordable Care Act (ACA), called the Better Care Reconciliation Act (BCRA). The Senate bill closely mirrors the proposal passed in the House of Representatives—the American Health Care Act (AHCA)—with some differences. Senate Releases Draft ACA Replacement Bill 7.5.17

Affordability Percentages will Decrease for 2018

Axion RMS May 25, 2017 0 Comments
On May 5, 2017, the IRS issued Revenue Procedure 2017-36 to index the contribution percentages in 2018 for purposes of determining affordability of an employer’s plan under the ACA. For the first time since these rules were enacted, the affordability contribution percentages have been reduced. This ACA Compliance Bulletin describes the adjusted percentages. Affordability Percentages Will Decrease for 2018 5-17-17