Tacoma, WA (253) 272-2711

Anchorage, AK (907) 277-1616

info@wilsonalbers.com

IRS Extends Deadline for Furnishing Form 1095, Extends Good-Faith Transition Relief

IRS Extends Deadline for Furnishing Form 1095, Extends Good-Faith Transition Relief The Internal Revenue Service (IRS) has released Notice 2018-94, extending the deadline for furnishing 2018 Forms 1095-B and 1095-C to individuals from January 31, 2019 to March 4, 2019, as well as penalty relief for good-faith reporting errors.  The due date for filing the …

Read moreIRS Extends Deadline for Furnishing Form 1095, Extends Good-Faith Transition Relief

IRS Increases Health FSA Contribution Limit for 2019, Adjusts Other Benefit Limits

On November 15, 2018, the Internal Revenue Service (IRS) released Revenue Procedure 2018-57, which raises the health Flexible Spending Account (FSA) salary reduction contribution limit by $50 to $2,700 for plan years beginning in 2019. The Revenue Procedure also contains the cost-of-living adjustments that apply to dollar limitations in certain sections of the Internal Revenue …

Read moreIRS Increases Health FSA Contribution Limit for 2019, Adjusts Other Benefit Limits

Medical Loss Ratio Rebates

Medical Loss Ratio Rebates Under the Affordable Care Act The U.S. Department of Health and Human Services (“HHS”) has provided guidance on the Affordable Care Act’s (“ACA’s”) medical loss ratio (“MLR”) rule, which requires health insurers to spend a certain percentage of premium dollars on claims or activities that improve health care quality or provide …

Read moreMedical Loss Ratio Rebates

DOL Releases Final Rule Expanding Association Health Plans

The U.S. Department of Labor (DOL) has issued a final rule expanding the opportunity of unrelated employers of all sizes (but particularly small employers) to offer employment-based health insurance through Association Health Plans (AHPs).  Significantly, the final rule applies “large group” coverage rules under the Affordable Care Act (ACA) to qualifying AHPs.  The final rule …

Read moreDOL Releases Final Rule Expanding Association Health Plans

Legal Alert: IRS Issues Affordability Percentage Adjustment for 2019

In Rev. Proc. 2018-34, the IRS released the inflation adjusted amounts for 2019 relevant to determining whether employer-sponsored coverage is “affordable” for purposes of the Affordable Care Act’s (“ACA’s”) employer shared responsibility provisions and premium tax credit program.  As shown in the table below, for plan years beginning in 2019, the affordability percentage is 9.86% …

Read moreLegal Alert: IRS Issues Affordability Percentage Adjustment for 2019

IRS Releases 2019 HSA Contribution Limits and HDHP Deductible and Out-of-Pocket Limits

In Rev. Proc. 2018-30, the IRS released the inflation adjusted amounts for 2019 relevant to HSAs and high deductible health plans (HDHPs).  The table below summarizes those adjustments and other applicable limits.   2019 2018 Change Annual HSA Contribution Limit (employer and employee) Self-only: $3,500 Family: $7,000 Self-only: $3,450 Family: $6,900* Self-only: +$50 Family: +$100 …

Read moreIRS Releases 2019 HSA Contribution Limits and HDHP Deductible and Out-of-Pocket Limits

Legal Alert: Agencies Issue Guidance on Mental Health Parity Issues, Signal Enhanced Enforcement

On April 23, 2018, the Departments of Labor, Treasury, and Health and Human Services released several pieces of guidance on issues arising under the Mental Health Parity and Addiction Equity Act of 2008 (MHPAEA), including 2017 enforcement actions, guidance on mental health parity implementation, and an action plan for enhanced enforcement in 2018. The guidance …

Read moreLegal Alert: Agencies Issue Guidance on Mental Health Parity Issues, Signal Enhanced Enforcement

Legal Alert: PCORI Fees Due By July 31, 2018

REMINDER:  PCORI Fees Due By July 31, 2018 This alert is of interest to all employers that sponsor self-insured group health plans, including Health Reimbursement Arrangements (HRAs).  Note that the PCORI fee does not apply to most health FSAs. Employers that sponsor self-insured group health plans, including health reimbursement arrangements (HRAs) should keep in mind …

Read moreLegal Alert: PCORI Fees Due By July 31, 2018

Legal Alert: IRS Adjusts 2018 HSA Contribution Limit – Again

IRS Adjusts 2018 HSA Contribution Limit – Again The IRS has announced it is modifying the annual limitation on deductions for contributions to a health savings account (“HSA”) allowed for taxpayers with family coverage under a high deductible health plan (“HDHP”) for the 2018 calendar year. Under Rev. Proc. 2018-27, taxpayers will be allowed to …

Read moreLegal Alert: IRS Adjusts 2018 HSA Contribution Limit – Again