Blog
The information and content contained in this blog are for general informational purposes only, and does not, and is not intended to, constitute legal advice. As always, for specific questions concerning your health or 401(k) plans, please consult your own ERISA attorney or professional advisor.
IRS Revises EPCRS Guidance, Expands Corrections Available Under Self-Correction Program
On April 19, 2019, the Internal Revenue Service (“IRS”) issued Revenue Procedure (“Rev. Proc.”) 2019-19 –the most recent comprehensive official guidance to the IRS’s Employee Plans Compliance Resolution System (“EPCRS”). EPCRS generally permits 401(k) plan sponsors to correct certain operational
HHS lowers HIPAA annual upper limits to better reflect text of HITECH Act
The Department of Health & Human Services (“HHS”) has issued a Notification of Enforcement Discretion for the Health Information Technology for Economic and Clinical Health Act (“HITECH Act”) changing the cumulative annual civil money penalties (“CMPs” or “penalties”) for each
2020 Medicare Part D Benefit Parameters Released
Click here to access the full Announcement from CMS on April 1, 2019. Click here to access 2020 Medicare Advantage Ratebook details via CMS’ website. Medicare Part D is a federal program that subsidizes the cost of prescription drugs for
DOL Proposed Regulations on Overtime Exemption Could Increase 401(k) Plan Contributions
On March 22, 2019, the U.S. Department of Labor (“DOL”) issued proposed regulations that, if adopted in proposed form, would substantially increase compensation thresholds used to determine whether executive, administrative, and professional employees must be paid overtime. The DOL has provided