February 19, 2020

Form M-1 Annual Report Due By March 1

The due date to file the Form M-1 annual report is fast approaching. The Form M-1 is used to report the custodial and financial information of a multiple employer welfare arrangement (MEWA), as well as the MEWA’s compliance with Part 7 of the Employee Retirement Income Security Act (ERISA). A MEWA is an employee welfare… Continue Reading

January 23, 2020

How Will The SECURE Act Affect Me? Highlights of Some of the Top New Provisions Affecting 401(k) Plans (PART TWO)

Passed by Congress and signed into law at the midnight hour as part of the 2019 comprehensive budget appropriation package, the Setting Every Community Up for Retirement Enhancement (“SECURE”) Act is now the law of the land. In a previous blog, we listed and discussed in a very general way many of the SECURE Act’s… Continue Reading

January 22, 2020

OCR’s Largest HIPAA Settlements for 2019

As we’ve entered a new year, it’s a good time to reflect on some of the larger HIPAA settlements from 2019 to remind us how crucial it is to stay in compliance with this federal law. Background The Health Insurance Portability and Accountability Act of 1996 (HIPAA) was enacted to improve the efficiency and effectiveness… Continue Reading

January 20, 2020

IRS Extends ACA Reporting Deadlines, Provides Penalty Relief for Good-Faith Compliance

The Internal Revenue Service (IRS) released Notice 2019-63 to extend the due dates for reporting and furnishing requirements under sections 6055 and 6056 of the Internal Revenue Code (Code). The Notice also provided penalty relief for these requirements if certain conditions are met. Background Sections 6055 and 6056 were added to the Code by the… Continue Reading

January 17, 2020

HHS Issues 2020 Penalties for HIPAA Noncompliance

The Department of Health and Human Services (HHS) Office for Civil Rights (OCR) issued final rgulations adjusting civil penalties for annual inflation, including violations of the Health Insurance Portability and Accountability Act (HIPAA). These violations include those under HIPAA’s Privacy and Security Rules and are basesd on a four-tier penalty structure that increases according to… Continue Reading

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