Regulatory News

Regulatory News that has recently been updated

  • IRS-Captive Insurance Update: Reporting Requirement Delayed

    The IRS issued a revised Notice 2017-08 on December 29th, extending the original filing deadline by 90-days to May 1, 2017. Read More…

  • The IRS Chimes In

    Recently, the IRS announced the 2017 annual inflation adjustments for Flexible Spending Account plans. Read More…

  • Important Information Regarding Notice 2015-87

    In December, the IRS, DOL and HHS issued IRS Notice 2015-87, which provided further guidance on the application of the group health plan market reform provisions of the Affordable Care Act to employer-provided health coverage. The notice covers health reimbursement arrangements (HRA), including HRAs integrated with a group health plan, and group health plans under which an employer reimburses an employee for some or all of the premium expenses incurred for an individual health insurance policy. Read More…

  • Changes to 2016 HSA Contribution Limits

    The Internal Revenue Service (IRS) announced limits for 2016 on contributions to health savings accounts (HSAs) and for out-of-pocket spending under high-deductible health plans (HDHPs) linked to them. In summary, HDHP maximum out-of-pocket amounts have increased by $100 for individuals (from $6,450 to $6,650) and by $200 for families (from $12,900 to $13,100.  Also, the HSA contribution limit for families has also increased by $100 from $6,650 in 2015 to $6,750 in 2016. To learn more about Read More…

  • Reminder: HIPAA Certificates of Creditable Coverage are No Longer Required

    In accordance with the Affordable Care Act regulation that outlawed pre-existing condition exclusions, Lifetime Benefit Solutions is no longer mailing out HIPAA Certificates. Group health plans and insurers are no longer required to issue a HIPAA Certificate to individuals who have lost their group health plan coverage.Previously, HIPAA Certificates were used to prove an individual had continuous health coverage under a prior health plan in order to offset a pre-existing condition exclusion peri Read More…

  • New for 2016: Embedded Individual Out-of-Pocket Maximums Apply to Health Plans

    This summer, the Departments of Health and Human Services (HHS), Labor (DOL) and Treasury, who are all charged with overseeing the Affordable Care Act (ACA) confirmed that starting January 1, 2016, non-grandfathered self-funded and large group health plans must apply embedded self-only out-of-pocket (OOP) maximums to each individual enrolled in family coverage if the family’s OOP maximum exceeds the ACA’s OOP limit for self-only coverage. In 2016, that will change to $6,850 (see chart below). Al Read More…

  • 1094-B and 1095-B Filing Requirements – HRAs

    In early August, the IRS released draft instructions for 1094-B and 1095-B that included HRA filing requirements. The final instructions released last week provide good news for employers that provide an HRA to their employees enrolled in their medical plan. The final instructions state: An employer with an insured major medical plan and HRA coverage for which an individual is eligible because the individual enrolls in the insured major medical plan is not required to report the coverage under Read More…

  • Latest Regulatory 'Cadillac Tax' Guidance Raises Concerns for TPAs & Employers

    The U.S. Treasury Department issued its “second” Notice providing suggestions on how the Department intends to implement the so-called Cadillac Tax - officially referred to as the Excise Tax on High Cost Employer-Sponsored Health Coverage (the "Excise Tax"). Read More…

  • ALERT: Annual Enrollment and Contributions Submission Form Filing Extension

    By The Society of Professional Benefit Administrators

    The transitional reinsurance program annual enrollment and contribution form filing has been extended to Dec. 5, 2014.The Department of Health and Human Services received numerous requests for an extension. Read More…

  • Four COBRA Questions 2015

    Happy New Year! Now that 2015 has arrived, many of you are focused on the final stages of PPACA compliance. That’s good, but don’t forget about the basics of COBRA administration. To keep employers compliant, brokers should ask employers four COBRA-administration questions at the start of each year: Read More…

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