Author: Kathleen A. Berger, CEBS

Employers, have you reminded your employees to check that they are having the right amount of tax withheld from their paychecks? It’s a good idea for everyone to check their payroll withholding every year, but it is particularly important this year due to the big changes Congress made to the federal tax rules for 2018….

Question: Our company is getting ready for open enrollment. Can we distribute ERISA notices electronically instead of printing and delivering hard copies? Answer: Yes, electronic delivery complies with ERISA’s disclosure rules – but certain conditions must be met. First, whether delivered in hard copy or electronic media, ERISA requires preparing and furnishing materials “in a…

Employers that offer a health plan that covers outpatient prescription drugs must distribute the plan’s Medicare Part D notice before October 15. The notice explains whether the plan’s drug benefits are creditable or noncreditable coverage. It is only required for Medicare-eligible participants, but many employers choose to distribute the notice to all participants regardless of…

The IRS has finalized the forms and instructions that employers will use for 2018 reporting under the Affordable Care Act (ACA). Applicable large employers (ALEs) will use the following: 2018 Form 1094-C (transmittal to IRS). 2018 Form 1095-C (statement to individual). 2018 Instructions for Forms 1094-C and 1095-C (instructions). Employers that self-fund a minimum essential…

Are you an employer that offers or provides group health coverage to your workers? Does your health plan cover outpatient prescription drugs — either as a medical claim or through a card system? If so, be sure to distribute your plan’s Medicare Part D notice before October 15. Purpose Medicare began offering “Part D” plans…

The Affordable Care Act’s employer shared responsibility provision — often called the employer mandate or “play or pay” — requires large employers to offer health coverage to their full-time employees or face a potential penalty. (Employers with fewer than 50 full-time and full-time-equivalent employees are exempt.) Large employers can avoid the risk of any play…

On August 31, 2018, President Trump signed an executive order directing the Departments of Labor and Treasury to make it easier for employers to offer retirement and savings programs. The majority of workers are employed at small businesses where they are less likely to have access to 401(k) plans and other retirement plans than workers…

On August 3, 2018, the Departments of Labor (DOL), Health and Human Services (HHS), and the Treasury (the Departments) published a Final Rule to expand the availability of short-term medical policies. Called short-term, limited-duration insurance (STLDI), the policies are marketed to individuals as an alternative to ACA-compliant plans. Currently a short-term policy is limited to…

The U.S. Department of Labor (DOL) has updated the model notice for employers to use to inform employees about the Children’s Health Insurance Program (CHIP). All employers with group health plans are required to distribute a CHIP notice at least once a year to employees living in certain states. There is no need to send…

Employers that self-insured any group health plans in 2017, including health reimbursement arrangements (HRAs), are responsible for determining whether the annual PCORI fee applies to their plan. If so, use Form 720 to calculate, report, and pay the fee by July 31, 2018. PCORI stands for the Patient-Centered Outcomes Research Institute. Federal law imposes a…