News-to-Use

Question of the Week

  • BAS
  • 28.07.2016
Q.- Do we have to pay a PCORI fee for our FSA by 7/31?
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COBRA TPA Provided Proof of Mailing to Avoid COBRA Penalties

  • BAS
  • 28.07.2016
In a Western District of Michigan court case, an employer successfully held off a challenge by a former employee of failure to provide a COBRA notice.  In Perkins v. ...
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Opt Out Payments and Affordability

  • BAS
  • 28.07.2016
The IRS released a Notice of Proposed Rulemaking addressing the treatment of opt-out payments when determining affordability of health coverage.  An opt-out payment is ...
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Tax Treatment of Wellness Program Rewards

  • BAS
  • 21.07.2016
The Internal Revenue Service, Office of Chief Counsel issued a memorandum confirming that an employer may not exclude from an employee’s gross income payments of cash ...
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Question of the Week

  • BAS
  • 21.07.2016
Q.- We use the lookback method for determining ACA full-time status.  We are hiring a new employee into a full-time position (he will definitely work over 30 hours per ...
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Coverage for Full-Time Employees

  • BAS
  • 21.07.2016
An applicable large employer must offer minimum essential coverage providing minimum value to its full-time employees and their dependents. A full-time employee is an ...
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Question of the Week

  • BAS
  • 14.07.2016
Q.- I know under health care reform, a large employer has to offer coverage to employees who work 30 hours or more per week.  Does this mean we have to take away ...
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New Form 5500 Requirements

  • BAS
  • 14.07.2016
Last week, the Department of Labor, Department of Treasury, and the Pension Benefit Guaranty Corporation issued 777 pages of proposed changes to Form 5500.  Form 5500 is ...
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IRS Issues 2016 Draft ACA Reporting Forms

  • BAS
  • 14.07.2016
The IRS released revised draft 1094 and 1095 forms for the 2016 reporting year.  Only a few changes were made to the 2015 versions.
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Question of the Week

  • BAS
  • 07.07.2016
Q.- Do we have to file Form 5500 for our health plan?  We have only 52 employees.
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Pre-Existing Conditions and Potential Employer Liability

  • BAS
  • 07.07.2016
In some cases, an employee may be entitled to compensation and disability coverage for a workplace incident even if the employee has a pre-existing condition ...
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More Time to Transmit Form 1094

  • BAS
  • 07.07.2016
While BAS has transmitted all of its ACA clients’ 1094 Forms to the IRS, the Service recognizes that some employers may not have been as timely. Therefore, the IRS has ...
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