December 28, 2018

IRS Releases 2019 HSA Reporting Forms

The Internal Revenue Department released 2019 HSA Reporting Forms (Form 5498-SA and Form 1099-SA) and their corresponding instructions. Filing and deadline dates have been updated.  These forms are often used by and provide information to persons holding these accounts (as they have reporting obligations). It’s important to note these forms are to be used in… Continue Reading

December 21, 2018

EEOC Removes Affected Provisions of Wellness Incentive Rules from CFR

As previously reported, in 2017, a U.S. federal district court issued an order vacating the wellness plan incentive rules imposed under the Americans With Disabilities Act (ADA) and the Genetic Information Nondiscrimination Act (GINA).  The court’s order is effective on January 1, 2019.  Consistent with that ruling, the EEOC has officially removed the affected provisions… Continue Reading

December 18, 2018

ACA Still in Effect

On December 14, 2018 a federal district court in Fort Worth ruled that the ACA’s requirement to maintain minimum essential coverage (the so-called individual mandate) was unconstitutional . The court further ruled that the remaining provisions of the ACA were so closely connected to the individual mandate that they too are invalid.  Both liberal and… Continue Reading

December 5, 2018

Department of Labor to MEWAs: Ten Tips for Filing the Form M-1

On December 3, 2018, the Department of Labor (DOL) released the 2018 Form M-1 and accompanying document “10 Tips for Filing Form M-1 for Association Health Plans and other MEWAs that Provide Medical Benefits.” Form M-1 is required for all Multiple Employer Welfare Arrangements (including AHPs) that provide medical benefits; a Form M-1 must be… Continue Reading

December 4, 2018

401(k): DOL Proposes Prohibited Transaction Exemption For Certain Plan Transfers

On November 7, 2018, the U.S. Department of Labor (“DOL”) issued a proposed exemption related to the consolidation of small retirement savings accounts in 401(k) plans and IRAs when workers change jobs. See “Notice of Proposed Exemption Regarding Clearinghouse, LLC (“RCH” or the Applicant) – Located in Charlotte, North Carolina” Generally stated, prohibited transactions are… Continue Reading

Browse by Category 401(k)Health & Welfare