Author Archives: Ventris

2021 Health Savings Account (HSA) Limits Released

The IRS has announced the 2021 inflation-adjusted amounts for Health Savings Accounts (HSAs) as determined under the Internal Revenue Code. Annual Contribution LimitsFor calendar year 2021, the annual limit on…

Updated Model COBRA Notices

The General Notice and Election Notice Models Now Include Medicare Information On May 1, 2020, the U.S. Department of Labor issued new model notices that group health plans may use…

DOL Issues Q&A: Families First CoronaVirus Response Act

The paid leave provisions of the recently enacted Families First Coronavirus Response Act will go into effect April 1, 2020, according to Q&As released by the U.S. Department of Labor (DOL). Specifically, the…

House Passes Corona Virus Relief Bill

Senate Vote Expected This Week The U.S. House of Representatives passed the Families First Coronavirus Response Act on March 14, 2020, following negotiations with the White House. The U.S. Senate is expected…

COVID-19 Guidance from DOL and IRS issued

Many employers are dealing with employment related questions related to COVID-19 planning. The Department of Labor (DOL), Internal Revenue Service (IRS), and most health providers are providing update guidance. We’ve…

DOL Increased Penalties Employee Benefit Violations

The U.S. Department of Labor (DOL) has increased the penalties employers face under ERISA for group health plan reporting and disclosure failures. These new amounts apply to penalties assessed after…

ACA Reporting Relief Announced

The IRS has delayed the deadlines by which employers must furnish 2019 Forms 1095-C and 1095-B in early 2020. As a result: Employers with 50 or more full-time employees (including full-time equivalent employees) generally…

2019 Annual Employee Benefits Survey Released

This annual survey of employers provides a detailed look at trends in employer-sponsored health coverage including premiums, employee contributions, cost-sharing provisions, and employer opinions. The 2019 national survey included almost…

IRS Confirms ACA Penalties Still Apply

Recently, the Internal Revenue Service released an information letter regarding the Affordable Care Act’s employer shared responsibility (pay or play) penalties. The information letter is intended to clarify the applicability of the…

Final Rule Announced for 2020: HRAs that Reimburse Individual Health Premiums

Change to Take Effect for 2020 Plan Years A new final rule lets all employers offer health reimbursement arrangements (HRAs) to pay for employees’ individual health insurance policy premiums, if certain conditions…