Employer Compliance Tip - Handling Level Funded Plan Surplus Returns
March 2024
Question
How would an employer handle surplus returns from a Level Funded plan?
Answer
It is recommend to...
Reimbursement of Nutrition, Wellness and General Health Expenses
While reimbursement of new weight-loss drugs available solely by prescription are reimbursable on a tax-favored basis under an FSA, ...
Protection for Reproductive Health in Women
The Biden-Harris Administration announced an ongoing commitment to the protection of women's rights to reproductive health care.
The focus is on educa...
Determining the COBRA Premium for an HRA
March 2024
Setting the correct COBRA premium for a Health Reimbursement Arrangement (HRA) can be challenging. COBRA defines “applicable premium” as the ...
Who Has To Provide 1094/1095C Statements to Employees and Information to the IRS?
Question
The insurance carrier confirmed that the Form 1095-Bs were filed for the fully insured plan, so does th...
Amwins Connect – March 2024 Question of the Month
Question
What is the penalty for failing to prepare and submit Forms 1094 and 1095 (B or C)?
Answer
Employers that fail to file, file late...
ERISA Enforcement and Penalties
Employer group health plans should be reminded of the importance of the employer’s role as a fiduciary of the benefit plans offered to employees.
As a fiduciary, ...
Employer Reporting Tip - ACA Reporting Deadlines
February 29, 2024
Question
Are there extensions available for the ACA employer reporting deadlines?
Answer
The ACA employer reporting de...
“Under Section 204 (of Title II, Division BB) of the Consolidated Appropriations Act, 2021 (CAA), insurance companies and employer-based health plans must submit information about prescription drugs a...
Purchase or Sale of Paid Time Off (PTO) Through a §125 Cafeteria Plan
February 2024
Background
§125 Cafeteria plans are generally set up to give employees access to a range of tax-free benefi...
Employer Fiduciary Duties
February 2024
The recent class action lawsuit against Johnson and Johnson (J and J) has received a lot of attention from employers. The suit accuses J and J of breachin...
ACA 1094 and 1095 Submission Deadlines - Employer Reporting Tip
Question
When are the ACA employer reporting forms (Form 1094 and Form 1095s) due?
Answer
Copies of Form 1095s (1095-B or...