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

Connecticut Paid Family and Medical Leave Law

2019-07-01T11:03:28+00:00

On June 25, 2019, Governor Ned Lamont signed into law Connecticut’s Paid Family and Medical Leave law. Below are some highlights from the new law: Connecticut Paid Family and Medical Leave Law Key Dates June 25, 2019 – CT Governor signs legislation into law; January 1, 2021 - Employee payroll tax begins; January 1, 2022 [...]

Connecticut Paid Family and Medical Leave Law2019-07-01T11:03:28+00:00

MA Paid Family and Medical Leave – Delay of Payroll Tax Deduction

2019-10-02T19:04:57+00:00

The Massachusetts Paid Family and Medical Leave law (effective in 2021) requires employers to start making financial contributions to support the paid leave program starting on July 1, 2019. The law allows employers to deduct a part of the required contribution from each employee’s wages (along with an employer contribution*) to fund the program. The initial contributions [...]

MA Paid Family and Medical Leave – Delay of Payroll Tax Deduction2019-10-02T19:04:57+00:00

Diversified Group State Mandate Update: New Jersey

2019-06-06T06:00:28+00:00

Pre-Tax Transportation Fringe Benefits: On March 1, 2019, New Jersey becomes the first state to require employers to offer pre-tax transportation benefits to employees. A pre-tax transportation fringe benefit is a benefit that allows an employee to set aside wages on a pre-tax basis, which is then only made available to the employee for the [...]

Diversified Group State Mandate Update: New Jersey2019-06-06T06:00:28+00:00

2020 HSA Limits and ACA Out-of-Pocket Maximum

2019-06-05T11:05:25+00:00

The Internal Revenue Service released its 2020 Health Savings Account Inflation Adjustment Limits. A comparison of the 2019 and 2020 limits are listed below. The ACA maximum out-of-pocket limits have also been adjusted. The ACA uses a different adjustment calculation than the IRS when setting HSA limits year over year.

2020 HSA Limits and ACA Out-of-Pocket Maximum2019-06-05T11:05:25+00:00

2019 PCOR Fee Increase

2019-10-02T19:01:57+00:00

For 2019, the annual fee to fund the federal Patient-Centered Outcomes Research Institute (PCORI), paid by employers that sponsor self-insured health plans and by commercial group health insurance providers, will go up by about .06 cents per employee or dependent enrolled in the health plan. The fees are due by July 31. The chart below [...]

2019 PCOR Fee Increase2019-10-02T19:01:57+00:00

Updated Draft Regulations for MA Paid Family and Medical Leave

2019-05-07T11:05:26+00:00

The newly created Massachusetts Department of Family and Medical Leave released updated draft regulations on March 29th for the new Paid Family and Medical Leave law. The Department will hold several listening sessions in May throughout the state before issuing final regulations sometime before July, 2019. Below is an outline of the draft regulations with pertinent [...]

Updated Draft Regulations for MA Paid Family and Medical Leave2019-05-07T11:05:26+00:00

DOL’s Recent Clarification Surrounding FMLA

2019-04-25T08:00:54+00:00

The Department of Labor (DOL) on occasion will issue opinion letters to clarify employer’s obligations under various federal employment laws. These DOL opinion letters help employers to understand their obligations and can be relied upon to establish a “good faith” defense against certain federal claims. On March 14, 2019, the DOL issued an opinion letter regarding [...]

DOL’s Recent Clarification Surrounding FMLA2019-04-25T08:00:54+00:00

IRS Publishes PCOR Fees through September 2019

2019-01-18T10:32:44+00:00

The Patient-Centered Outcomes Research Trust Fund fee is a fee on issuers of health insurance policies and plan sponsors of self-insured health plans that helps to fund the Patient-Centered Outcomes Research Institute (PCORI), which was established by the Affordable Care Act (ACA). The institute assists, through research, patients, clinicians, purchasers and policy-makers, in making informed [...]

IRS Publishes PCOR Fees through September 20192019-01-18T10:32:44+00:00

Despite Recent Court Ruling – ACA Enforcement Is Still the Law of the Land… For Now

2018-12-18T15:12:45+00:00

On December 14th, the U.S. District Court for the Fifth Circuit in Texas ruled the Affordable Care Act (ACA) unconstitutional in light of the Tax Cuts and Jobs Act of 2017 which eliminated the tax penalty under the individual mandate. The district court sided with 20 Republican state attorneys general that argued since the individual [...]

Despite Recent Court Ruling – ACA Enforcement Is Still the Law of the Land… For Now2018-12-18T15:12:45+00:00