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IRS Issues Affordability Percentage Adjustment for 2020

The Internal Revenue Service (IRS) has released Rev. Proc. 2019-29, which contains the inflation adjusted amounts for 2020 used to determine whether employer-sponsored coverage is “affordable” for purposes of the Affordable Care Act’s (ACA) employer shared responsibility provisions and premium tax credit program. As shown in the table below, for plan years beginning in 2020, …

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IRS Expands HSA Preventive Care Safe Harbor to Include Chronic Conditions

IRS Expands HSA Preventive Care Safe Harbor to Include Chronic Conditions On July 17, 2019, the Internal Revenue Service (IRS) released Notice 2019-45, which expands the definition of preventive care benefits that can be provided by a high deductible health plan (HDHP) to include certain chronic conditions.  The guidance in the Notice may be relied …

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Alera Group Acquires Landmark Benefits, Inc.

Alera Group, a leading national insurance firm, today announced  its acquisition of Landmark Benefits, Inc. (Landmark), effective July 1, 2019. Terms of the transaction were not disclosed. Landmark, located in Windham, New Hampshire, is an employee benefits broker providing comprehensive insurance benefits, human resource consulting, compliance, and wellness to clients throughout the United States. Landmark’s …

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