Posts

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 & […]

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. […]

HSAs & FSAs: Eligibility and Contribution Limits

Introduction HSAs (Health Savings Accounts) and FSAs (Flexible Spending Accounts): Are both accounts designed to help employees put aside money to pay for extra medical expenses on a pre-tax basis, both have rules around maximum contributions and permissible distributions, and both have remarkably similar sounding acronyms. However, the similarities for the most part, stop here. […]

2018 W-2s and Your Employee Benefits

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 General Instructions for Forms W-2 and W-3. Below are the […]

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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 […]

Compliance Bulletin: Proposed Rule Would Expand Options For HRAs

Overview On Oct. 23, 2018, the Departments of Labor (DOL), Health and Human Services (HHS) and the Treasury (Departments) issued a proposed rule that would expand the usability of health reimbursement arrangements (HRAs). Effective in 2020, the proposed rule would: Allow HRAs to be used to reimburse the cost of individual market premiums on a […]

Compliance Webinar: Annual Review and a Look Into 2019

2018 was another eventful year for Employee Benefits and Compliance.  Presented by the Hays Benefits Research and Compliance Department, this recorded webinar is an opportunity to get ready for 2019 and ensure you are in compliance with the new laws and changes for the upcoming year. Topics include: What to do if you get a […]

Webinar: Health Savings Accounts – What You Need to Know

Health Savings Accounts (HSAs) are unique accounts that reside in employee benefits. These accounts exist merely because of health care coverage that’s offered by an employer. Employers can contribute to them, but they’re ultimately owned by the individual and are not sponsored by the overall health plan. Because of these, strange results and quirks can […]

Compliance Webinar: Wellness Plans – What You Need to Know

Healthcare costs are on the rise and with the evolving structure of wellness programs, along with the complicated wellness final regulations, it becomes a challenging task to ensure compliance. Recent legal decisions have also put the future of these final wellness regulations into question. Because of this, employers are now considering new and innovative ways […]