DG Compliance Update: Tax Credits Under FFCRA

2020-04-03T17:36:07+00:00

The Families First Coronavirus Response Act (FFCRA) signed into law on March 18th included two temporary expanded paid leave options that are mandatory for employers with fewer than 500 employees. Additionally, there are tax credits available for employers that have paid employees with one of these two emergency leave provisions (outlined below). The chart below [...]

DG Compliance Update: Tax Credits Under FFCRA2020-04-03T17:36:07+00:00

DOL Issues Families First Coronavirus Response Act Employee Notification Poster

2020-03-30T20:32:57+00:00

The Department of Labor recently published The Families First Coronavirus Response Act (FFCRA) employee’s notification poster. According to the Department of Labor, each covered employer (i.e., employers with fewer than 500 employees) must post the FFCRA Notice Poster in a conspicuous place on its premises. Covered employers may satisfy this requirement by emailing or direct mailing [...]

DOL Issues Families First Coronavirus Response Act Employee Notification Poster2020-03-30T20:32:57+00:00

DG Compliance Update: Handling Benefits During a Furlough or Temporary Layoff

2020-03-26T21:43:09+00:00

In light of the nation's response to COVID-19 and the resultant economic downturn, employers of all sizes face a dilemma of evaluating employee head counts. Many employers are considering furloughs or temporary layoffs to reduce immediate payroll, hoping the downturn lasts for a period of a few weeks instead of months. Below is a list [...]

DG Compliance Update: Handling Benefits During a Furlough or Temporary Layoff2020-03-26T21:43:09+00:00

PCOR Fee Reauthorization and Diversified Group’s Reporting Services

2020-03-05T15:09:01+00:00

The ACA’s PCOR fee had expired with the 2019 plan year, although non-calendar year plans were still required to remit their fees on July 31, 2020. However, as part of the year end budget/spending bill, Congress authorized an extension of the Patient Centered Outcomes Research Institute Fee (PCOR) for another ten years through 2029. The ACA [...]

PCOR Fee Reauthorization and Diversified Group’s Reporting Services2020-03-05T15:09:01+00:00

Department of Labor Releases 2020 Adjusted Penalty Amounts

2020-01-28T21:59:55+00:00

The Department of Health and Human Services (HHS) and the Department of Labor (DOL) have issued adjusted/updated civil monetary penalties for a myriad of benefits related violations. The Departments are required by law to provide their annual adjustments by January 15th each year. The 2020 penalties will not be assessed until after January 15, 2020 [...]

Department of Labor Releases 2020 Adjusted Penalty Amounts2020-01-28T21:59:55+00:00

Diversified Group’s State Update

2020-01-02T17:26:16+00:00

New Jersey: Health Insurance Mandate In 2018, New Jersey Governor, Phil Murphy, signed into law The New Jersey Health Insurance Market Preservation Act. This law requires all New Jersey residents to have health insurance or pay a penalty. Lawmakers in New Jersey drafted this legislation in response to the decision to eliminate the ACA individual mandate with the [...]

Diversified Group’s State Update2020-01-02T17:26:16+00:00

Fully-Insured Health Insurer Tax Is Back for 2020

2019-11-21T17:36:39+00:00

Recently released IRS notice 2019-50 has reestablished the health insurer tax (HIT) for 2020, which had been previously suspended for 2019. The Affordable Care Act (ACA) imposes an annual, non-deductible health insurer tax on insurance companies that offer fully-insured plans and applies to all insurers offering fully-insured coverage, including plans sold via the exchange or [...]

Fully-Insured Health Insurer Tax Is Back for 20202019-11-21T17:36:39+00:00

Which Welfare Plans Must File Form 5500?

2020-01-02T16:05:07+00:00

Funded Plans: All  “funded” welfare plans covered by ERISA must file a Form 5500. A “funded” plan is one where funds are set aside in a custodial account or trust fund for the exclusive benefit of plan participants. The type of Form 5500 (Form 5500 vs. Form 5500-SF) filed is determined by the number of [...]

Which Welfare Plans Must File Form 5500?2020-01-02T16:05:07+00:00

Get Eligibility Right the First Time or Pay for It Later

2019-08-02T08:00:18+00:00

Missing, incorrect, or late information regarding eligibility can lead to mistaken interpretation of coverage, no coverage/denied claims, or incorrect participant information. These can all lead to overbilling, underbilling, and claim payment errors. Additionally, eligibility errors can “over-obligate” the plan by allowing an invalid member to linger on the plan, for example: enrolling in COBRA for [...]

Get Eligibility Right the First Time or Pay for It Later2019-08-02T08:00:18+00:00

ACA Affordability Percentage for 2020

2019-10-02T19:00:22+00:00

On July 23, 2019, the Internal Revenue Service (IRS) issued Revenue Procedure 2019-29 which indexes the contribution percentages for 2020 for purposes of determining affordability of an employer’s plan under the Affordable Care Act (ACA). For plan years beginning on or after January 1, 2020, employer-sponsored coverage will be considered affordable if the employee’s required contribution for self-only [...]

ACA Affordability Percentage for 20202019-10-02T19:00:22+00:00