The Internal Revenue Service (IRS) announced (see Revenue Procedure 2023-23) cost-of-living adjustments to the applicable dollar limits for health savings accounts (HSAs), high-deductible health p...
What is a Qualifying Life Event?
May 2023
Background
We often face the question of whether an individual’s situation is a “qualifying life event” that would permit them to make a change to th...
A Guide to Non-Discrimination Testing for Self-Insured Group Health Plans
Most employer group benefit plans provide tax-advantaged benefits and are subject to non-discrimination rules to discourage...
A Guide to Non-Discrimination Testing for Fully Insured Group Health Plans
Most employer group benefit plans provide tax-advantaged benefits and are subject to non-discrimination rules to discourag...
Reminder: The employer mandate under §4980H of the ACA remains in effect and requires compliance to avoid potential penalties for applicable large employers (ALEs).
The Braidwood Decision and Coverage of Preventive Health Services
Date Issued: April 2023
Background
The Affordable Care Act (ACA) amended the Public Health Service (PHS) Act to require non-g...
End of the National and Public Health Emergencies
April 13, 2023
Background
Over the course of the last three years, the US has been operating under two separate legal emergencies related to ...
National Emergency and Outbreak Period Ending Sooner
In January of this year, the White House announced that it intended to end the pandemic-related National Emergency and the separate Public Healt...
Why would a plan need a wrap document?
Question: Why do plans need wrap documents?
Answer: Wrap documents are generally used for either (or both) of the following:
Supplementing alrea...
Most Employers Now Required to File Electronic Information Returns Beginning in 2024
On February 21, 2023, the IRS released Final Rules amending the existing requirements related to mandatory e-fil...
IRS Announces ACA Pay or Play Penalties for 2024
The IRS released 2024 penalty amounts on March 9, 2023. This notice is related to the ACA Employer Mandate Penalties. The IRS notice can be reviewed...
RxDC Information At Your Fingertips!
Our broker partners and their clients have many questions on this latest topic and Amwins Connect website can assist you with answers.
Brokers should be info...