The IRS has a website dedicated to helping help both individuals and employers with health care reform compliance.
Q.- An employee asked if she can be reimbursed for housekeeping expenses from her dependent care FSA. Can she?
The U.S. Department of Labor has once again provided guidance on whether individuals should be classified as employees or independent contractors, this time relating to virtual marketplaces. Employees must be paid minimum wage and overtime, while independent contractors may not be subject to the Fair Labor Standards Act.
As the summer approaches, some employers may be considering hiring student workers. The Fair Labor Standards Act (FLSA) sets rules around employing young people. The FLSA rules ensure that work does not jeopardize a young person’s health, well-being or education.
Some employers have been receiving Employer Shared Responsibility (ESRP) 226J letters from the IRS assessing Affordable Care Act penalties. The 226J letter is issued to employers who did not comply with the employer mandate under health care reform. Employers are finding that these letters impose very large penalties, which may or may not be properly assessed.
Q.- We have a health FSA with a carryover feature. An employee did not elect to participate in the FSA for 2019, but had a carryover from 2018. He terminated employment. Do we have to allow him to continue coverage under COBRA because he had a carryover?
Q.- One of our former employees does not think it is fair that he can’t use amounts in his health flexible spending account plan after his termination of employment. Can we just let him use up the rest of what he contributed for expenses he incurs after termination?
The Social Security Administration (SSA) has started contacting employers when it determines that the employer’s W-2 records don’t match the SSA’s records for employee names and Social Security Numbers.
The Affordable Care Act requires each state to provide a health insurance purchasing marketplace, which is an organization offering a competitive market for buying health insurance. Each Marketplace provides a choice of health plans through which individuals can shop to purchase health insurance on their own. Premium and cost-sharing subsidies may be provided through the Marketplace.
The Affordable Care Act requires an applicable large employer to offer it’s full-time employees affordable health coverage that provides minimum value.
Q.- What is the Affordable Care Act Health Care Marketplace Notice? Is this something we have to give to our employees?