The Occupational Safety and Health Administration (OSHA), a sub-agency of the U.S. Department of Labor, was created in 1970 to assure safe and healthful working conditions by setting and enforcing standards and by providing training, outreach, education and assistance. OSHA generally regulates private sector employers.
Q.- We are a large employer with a fully-insured medical plan. We offer coverage to full-time and part-time employees. Do we send Form 1095-C to our part-time employees?
The IRS has issued revised versions of Forms 1095-B/C and 1094-B/C, along with instructions for completing the forms, for the 2017 tax year. The 1095 series of forms must be furnished to individuals by January 31, 2018. With no delay to the filing date anticipated and the IRS’ confirmation that e-filers will have to indicate compliance with the individual mandate on their tax returns, employers should prepare for the distribution requirements.
The government agencies responsible for Form 5500 released advance informational copies of the 2017 Form 5500 annual return/report and related instructions. Employee benefit plans subject to ERISA complete and file Form 5500 each year to satisfy required reporting and disclosure obligations. The U.S. Department of Labor, Internal Revenue Service and Pension Benefit Guaranty Corporation use Form 5500 to assure that employee benefit plans are operated and managed in accordance with required standards and that participant and beneficiary rights are protected.
As a follow up to our article about the imminent assessment of employer shared responsibility penalties (read our prior article by clicking here), the IRS released forms for employers to use to respond to penalty assessments.
Q.- An employee’s dentist offers a dental insurance discount plan for $100 per year. Can the $100 for the plan be reimbursed from the Health FSA?
An employee who believes he or she has been discriminated against at work based on race, color, religion, sex (including pregnancy, gender identity, and sexual orientation), national origin, age (40 or older), disability or genetic information must file a charge of discrimination with the U.S. Equal Employment Opportunity Commission (EEOC) before filing a job discrimination lawsuit against an employer. A charge of discrimination is a signed statement alleging that an employer engaged in employment discrimination and a request for the EEOC to take action.
Q.- Can an employee in our health FSA get reimbursed for a medical expense incurred by his grandson?
The Affordable Care Act (ACA) created the Transitional Reinsurance Program to help keep premiums for coverage purchased through the Health Insurance Marketplace to a stable amount. Under the Program, insurers and sponsors of self-funded health plans are required to pay a fee based on number of participants in medical coverage. The fee is intended to be used to fund high claim costs for Marketplace enrollees.