News-to-Use

Affordability Percentage Decrease Will Impact Employee Contributions

The IRS changed the ACA affordability percentage to 9.61% for 2022. The affordability percentage was 9.83% in 2021. This change means employers may have to reduce the ...
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FSA Reimbursements After Termination

A recent IRS information letter confirms that a participant should elect COBRA continuation coverage, if offered, to get reimbursed from a health FSA for expenses ...
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Question of the Week

Q.- A former employee’s active coverage ended with us in June 2021. He did not elect COBRA coverage in the election period which ended in August because he started ...
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Security Advisory for Labor Day

The Federal Bureau of Investigation (FBI) and the Cybersecurity and Infrastructure Security Agency (CISA) released a joint advisory suggesting organizations protect ...
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Opt-Out Payments and ACA Affordability

With calendar-year plan open enrollment season approaching, employers should consider the affordability of health coverage and how opt-out payments may impact the lowest ...
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Question of the Week

Q.- We have an employee who wants to stop making contributions to her Dependent Care FSA now. She asked if she can start contributions again in the fall if she decides ...
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Multi-Factor Authentication

The IRS and its Security Summit Partners urge employers to use multi-factor identification for logins. Multi-factor authentication requires a second method of ...
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IRS Webcast for Health Plan Sponsors

The IRS is holding a webcast addressing basic fiduciary responsibilities for operating a health plan. The webcast is intended for medium and small sized employers.
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IRS Letter 227

Employers may have received one or more Letters 227 from the IRS. These letters are acknowledgement letters closing an employer shared responsibility payment (ESRP) ...
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Question of the Week

Q.- Should we keep copies of the COBRA qualifying event letter we send to a terminated employee?
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