Posts

Compliance Webinar | Medicare: a Timeless Topic

In 2018 an estimated 36 million workers, or about 23% of the US labor force, continued working past age 65, according to recent data published by the US Dept. of Labor’s Bureau of Labor Statistics (BLS). By 2024, baby boomers (born between 1946 and 1964) will reach ages 60 to 78, many of whom will […]

Compliance Webinar: FMLA and its Impact on Health and Welfare Benefits

The Family and Medical Leave Act (FMLA) has been around since 1995.  On February 6, 2013, the United States Department of Labor (DOL) published final regulations that expanded the protections under the FMLA.  Although many employers understand the job protection aspect of FMLA, protecting and maintaining employee welfare benefits during FMLA leave can be just […]

Quick Reference Guide: 2018 ACA Employer Reporting Requirements

The Hays Research and Compliance Team has assembled a quick reference guide for 2018 calendar year reporting. This guide is specifically relating to 2018 ACA Employer Reporting Requirements.   Section 6055 & 6056 Reporting Non-ALEs sponsoring insured plans are not required to report under either Section 6055 or Section 6056   Forms Forms 1094-A & […]

Compliance Webinar | Employer Reporting: a 1094-C and 1095-C Refresher

2018 marks the fourth year for which Applicable Large Employers (ALEs) must report offers of health coverage to full-time employees to the IRS on Form 1094-C and provide Employee Statements (Form 1095-C). The deadline for providing Form 1095 to employees is March 4, 2019. Employers must file Form 1094-C and copies of Form 1095-C by […]

Updated DOL Guidance on Indexed Statutory Penalties for ERISA Plans

On January 15, 2019, the US Department of Labor issued pre-publication guidance on the indexed statutory penalties for certain violations applicable to ERISA welfare plans, under the Civil Penalties Inflation Adjustment Act. The 2019 inflation-adjusted penalties that are applicable to health and welfare plans for 2019 include (but are not limited to) the following key […]

Hays Companies Employee Benefits Presents: Upcoming Webinars in 2019

We are pleased to announce the upcoming Hays Companies Webinar schedule for the first half of 2019. Registration information for each webinar, actual dates, and complete details will be made available closer to the event. As always, please reach out to your Hays Companies representative with any questions. Date Topic January Employer Reporting: a 1094-C […]

Entire ACA Ruled Invalid

On December 14th, a judge in the United States District Court for the Northern District of Texas, Fort Worth Division, ruled that the Affordable Care Act’s (ACA) individual mandate is unconstitutional and that the remaining provisions of the ACA are inseverable and therefore invalid. The ruling is based upon the change to the individual mandate […]

IRS Announces Employee Benefit Plan Limits for 2019

Highlights The IRS recently announced cost-of-living adjustments to the annual dollar limits for employee benefit plans. Many of these limits will increase for 2019. In 2019, employees may contribute more money to their HSAs, health FSAs and 401(k) accounts. Overview Many employee benefits are subject to annual dollar limits that are periodically increased for inflation. […]

2018 W-2s and Your Employee Benefits

  To view the 2019 w-2 guidelines, please click here.  The January 31st W-2 deadline will be here before you know it, and there’s a lot your team needs to prepare between now and then. There are employee health and wellness benefits to keep in mind, much of which is outlined in the IRS’s 2018 […]

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2019 Retirement Plan Contribution Limits

The Internal Revenue Service today announced cost of living adjustments affecting dollar limitations for defined contribution and defined benefit plans for tax year 2019.  These items were detailed in Notice 2018-83. Highlights of Changes for 2019 The contribution limit for employees who participate in 401(k), 403(b), most 457 plans, and the federal government’s Thrift Savings […]