Bulletins

IRS Expands Preventive Care to Include Chronic Conditions

Back in June, President Donald Trump signed an executive order aimed at improving price and quality transparency in health care. The order directed federal agencies to issue guidance in several areas regarding health care costs. The most recent IRS announcement is big news for those with chronic conditions.   OVERVIEW On July 17, 2019, the […]

Read More

NY Passes Laws to Expand Protection Against Pay Discrimination

On Wednesday, July 10th, Governor Cuomo signed into law new legislation to expand equal pay laws and prohibit employers from asking about salary history.   Equal Pay The first law (S5248B/A8093A) relates to prohibiting certain wage differentials on the basis of a protected class, and would amend New York State’s current equal pay law – […]

Read More

Two New Types of HRAs Available in 2020

On June 13, 2019, the Departments of Labor (DOL), Health and Human Services (HHS) and the Treasury (Departments) issued a final rule that expands the usability of health reimbursement arrangements (HRAs). Effective in 2020, the final rule establishes two new types of HRAs: Individual Coverage HRA: Allows employers to offer an HRA to be used […]

Read More

Form 5500 Due by 7/31 for Calendar Year Plans

Employers with employee benefit plans that operate on a calendar year basis must file their annual reports (Forms 5500) for 2018 with the Department of Labor (DOL) by July 31, 2019. An employer may extend this deadline by two and one-half months (until Oct. 15, 2019) by filing IRS Form 5558 by July 31, 2019. […]

Read More

Compliance Bulletin: HSA/HDHP Limits Increase for 2020

On May 28, 2019, the IRS released Revenue Procedure 2019-25 to announce the inflation-adjusted limits for health savings accounts (HSAs) and high deductible health plans (HDHPs) for 2020. These limits take effect as of January 1, 2020 and include: The maximum HSA contribution limit; The minimum deductible amount for HDHPs; and The maximum out-of-pocket expense […]

Read More