LMC

News

February 21, 2017

The 21st Century Cures Act, passed and signed into law in December, includes a provision creating what is called a "Qualified Small Employer Health Reimbursement Arrangement" (QSEHRA). A QSEHRA allows small (non-ALE) employers who do not offer group health insurance to their employees to provide money to employees on a tax-free basis. The money can be used to pay for individual health policies and to reimburse employees for certain medical expenses.

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February 21, 2017

The IRS Office of Chief Counsel has issued a memorandum clarifying the tax treatment of certain types of fixed indemnity plans offered by employers. The memorandum states that the benefits provided by a fixed indemnity health plan must be treated as taxable income to an employee if the plan is employer-paid or if the employee can purchase the coverage on a pre-tax basis through a cafeteria plan.

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February 21, 2017

As mentioned in many previous communications, all Applicable Large Employers (ALEs) and/or sponsors of self-funded health plans are required to file their 2016 1095-series forms and accompanying 1094 transmittal form(s) to the IRS, postmarked no later than February 28, 2017 (or if filing electronically, transmitted to the IRS no later than March 31, 2017). Note that those filing 250 or more 1095 forms for the year must file electronically. Regardless of the method of filing, the deadline fir distributing 1095 forms to employees and other plan participants is March 2, 2017.

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December 9, 2016

Early in November, the IRS published Notice 2016-64 adjusting Patient-Centered Outcomes Research Institute Fees (PCORI) for plan years ending October 1, 2016 - September 30, 2017. Read more for details into this fee adjustment and to read our overview.

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December 9, 2016

While the Republicans will soon control the U.S. House and Senate, as well as the White House, that doesn't mean that the current administration's rules don't need to be followed! Read more for vital links and information on keeping your Health Plan in compliance.

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December 9, 2016

A December 1st deadline remains in effect for OSHA's enforcement of anti-retaliation provisions in its injury tracking rule, after the U.S. District Court for the Northern District of Texas denied a motion that challenged the new provisions. Read more...

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December 9, 2016

The final rule includes new and revised provisions addressing fixed ladders, rope descent systems, fall protection systems and criteria, and training. Read more about the new rule and find the OSHA produced FactSheet.

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December 8, 2016

A few weeks ago, the IRS Issued Notice 2016-70 delaying the due date for employers and insurers to provide the 2016 Forms 1095-C and 1095-B to employees and plan participants. This notice extends the deadline 30 days from January 31, 2017 to March 2, 2017. Read more about IRS forms and important deadlines.

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