BAS Blog


 

Question of the Week

Q.- One of our employees said there is an error on the Form 1095-C he received from us. Do we have to correct the mistake?

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Resources for Working Women

The U.S. Department of Labor provides government resources, tools and publications of interest to women in the workforce. 

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Form 1094 Transmission Due

Applicable Large Employers (employers with 50 or more full-time equivalent employees) should have completed their employee shared responsibility reporting for the 2016 plan year. IRS 1095 forms were required to be furnished to full-time employees and covered employees by March 2, 2017.

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Question of the Week

Q.- A terminating employee is electing COBRA. She still has funds left in her FSA. Can she use those funds to pay for her COBRA coverage? 

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Nondiscrimination Testing for Flexible Spending Account Plans

Health care flexible spending account plans (HFSA) and dependent day care flexible spending account plans (DFSA) are subject to Internal Revenue Code nondiscrimination requirements. Under the Code, HFSAs and DFSAs must not discriminate in favor of highly paid and key employees. There may be adverse tax consequences for plans that fail nondiscrimination requirements. 

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​American Health Care Act Amendments

House Committee on Energy & Commerce and Committee on Ways & Means issued a “Managers Amendment” making changes to the American Health Care Act (AHCA). The Managers Amendment consists of both policy and technical changes to the AHCA. If passed by the House, the AHCA will move to the United States Senate for consideration. See our article on important aspects of the AHCA here

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Question of the Week

Q.- An employee has to pay up-front for her son’s braces, before he gets the braces on his teeth. Can she be reimbursed for the full up-front payment even though the service has not yet been incurred? 

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Employee Reviews

More and more companies are foregoing annual performance reviews in favor of more frequent check-ins. Upper management is finding that workers need continuous, ongoing feedback and solutions, and waiting for an annual review is not meeting business needs. Supervisors have indicated that the forced numerical rankings and large amount of paperwork typically associated with an annual review process does not enhance productivity and is time consuming for both managers and employees. 

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QSEHRA Notices Delayed

An employer with fewer than 50 full-time/full-time equivalent employees may offer a qualified small employer health reimbursement arrangement (QSEHRA). See our previous article HERE. A QSEHRA was introduced by the 21st Century Cures Act in December 2016 and provides small employers new options for helping employees with medical expenses. 

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Question of the Week

Q.- An employee has a diagnosis of obesity. She is starting a weight reduction program, and wants to be reimbursed for the cost of the food purchased on the program. Is this an expense that is eligible for reimbursement from her health flexible spending account plan?

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Publication 502 and Publication 503- Medical and Dependent Care Expenses

The IRS released updated versions of Publication 502 and Publication 503.

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American Health Care Act

The two committees of the U.S. House of Representatives with jurisdiction over health care (the Ways and Means Committee and the Energy and Commerce Committee) each released proposed legislation, which, if passed by the U.S. House of Representatives and U.S. Senate and signed into law by the President, would overturn the Patient Protection and Affordable Care Act (“ACA”). Called the “American Health Care Act,” (“AHCA”) the legislation repeals and replaces several provisions of ACA, while keeping others.

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BAS Participates in Ronald McDonald Guest Chef Program!

BAS employees at Ronald McDonald House.jpg

As part of Benefit Allocation System’s focus on Community Service, BAS participated in the Guest Chef Program at one of the Ronald McDonald Houses in the Philadelphia Chapter. On Sunday, March 5th, BAS employees and family members prepared and cooked dinner that included a main entrée, side dishes, salad dishes and desserts for 35-40 families staying at the Front and Erie Ronald McDonald House. 

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Question of the Week

Q.- What is a carryover and what is a grace period in a health flexible spending account plan? 

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Age Discrimination Claims Expanded

A recent case in the Third Circuit adds complexity to employer actions with respect to potential age discrimination.  The Age Discrimination in Employment Act (ADEA) prohibits age discrimination against people who are age 40 or older.  Age discrimination is treating someone (a job applicant or an employee) less favorably because of his or her age.  The law does not prohibit treating an older worker more preferential than a younger worker, even if both are age 40 or older. 

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Deadline for Form 1095 Distribution- TODAY!

Employers must make sure they have furnished to employees and covered individuals any required Affordable Care Act (health care reform) 1095 reporting forms. 

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