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Compliance Update: The American Health Care Act of 2017

Compliance Update: The American Health Care Act of 2017

On May 4, 2017, the House of Representatives passed the American Health Care Act (AHCA) (HR 1628) by a vote along party lines of 217-213. Democrats unanimously opposed the bill, and the majority carried by a single vote.
Compliance Update: Cost-Sharing and Contribution Adjustments

Compliance Update: Cost-Sharing and Contribution Adjustments

The IRS released Rev. Proc 2016-55 on October 25 announcing an increase in the health FSA maximum contribution, from $2550 to $2600. Adjustments to contributions and cost-sharing for 2017 are summarized in the attached Compliance Update.
Back to Basics:  Intranet Posting of SPDs

Back to Basics: Intranet Posting of SPDs

A federal court case handed down last year serves as a reminder that simply posting an SPD on a company’s intranet does not satisfy ERISA requirements “to furnish” the SPD to plan participants.
Compliance Update: SBC Templates and IRS Forms

Compliance Update: SBC Templates and IRS Forms

The SBC must be distributed to all individuals eligible for health care, at the time of hire and with open enrollment materials. The departments have released a revised template and accompanying documents that must be provided for open enrollments beginning on or after April 1, 2017
Compliance Update: Health Insurance Marketplace Notices

Compliance Update: Health Insurance Marketplace Notices

Federally-facilitated Marketplaces have begun to issue employer notices required by the ACA. The Marketplace Notice requirements were addressed in FAQs issued in September 2015, and implementation was delayed until spring of 2016.
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