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IRS Publishes Indexed ACA Affordability Percentages for 2019

In Rev. Proc. 2018-34, the IRS issued the indexed affordability percentages relevant to applicable large employers (ALEs) who must offer minimum essential coverage meeting certain requirements to fulltime employees and their dependents or risk exposure to employer shared responsibility penalties. In 2019, such coverage will be deemed “affordable” if the…

The Benefits of Health Savings Accounts (HSA's)

IRS Restores 2018 HSA Limits and Announces 2019 HSA Limits

In Rev. Proc. 2018-17, the IRS restored the previously issued $6,900 contribution limit for individuals with family HDHP coverage in 2018. The IRS had recently lowered the limit to $6,850 as a consequence of the Tax Cuts and Jobs Act, but due to stakeholder concerns, the IRS will now allow…

IRS Enforcement of Employer Mandate Continues with Release of Sample Notice CP 220J

The IRS recently released the sample notice (Notice CP 220J) that it will use to notify applicable large employers (ALEs) of their liability for an employer shared responsibility payment for one or more months in calendar year 2015. As background, over the past several months, the IRS has been sending…

Times You Should Update Your Life Insurance Policy

FMLA – Does it Apply to You?

The Family and Medical Leave Act (FMLA) entitles eligible employees of covered employers to take unpaid, job-protected leave for specified family and medical reasons. The below is general information about which employers are covered by the FMLA, when employees are eligible and entitled to take FMLA leave, and what rules…

2018 HHS Poverty Guidelines Released

At the end of last month, HHS released its poverty guidelines for 2018, which applicable large employers (ALEs) may use in determining whether they satisfy the Federal Poverty Line (FPL) affordability safe harbor. As background, the FPL affordability safe harbor is one of the three methods ALEs may rely upon…