Category Archives: Healthcare and Welfare

IRS Raises FSA Limits, Other Benefits for 2018

By | Fringe Benefit, Government Contractors, Healthcare and Welfare, Hour & Wage, IRS, Uncategorized, Wellness Incentive | No Comments
The IRS just released the 2018 Cost-of-Living Adjustments (COLAs) for a variety of tax-related limits. The changes, as outlined in Revenue Procedure 2017-58, featured several notable adjustments employers should be aware of: Employees will be able to contribute up to $2,650 to a health flexible spending account (FSA), a $50 increase from 2 ... Read More

DOL Announces Reduced SCA H&W Fringe Benefit Rate for SCA Contracts Governed By New Federal Paid Sick Leave Requirements

By | ACA, Affordable Care Act, Department of Labor, Fringe Benefit, Fringe Rate, Government Contact, Government Contractors, H&W, Healthcare and Welfare, SCA, Service Contract Act, Wage Determination | 2 Comments
On July 25, 2017, the Department of Labor (DOL) released All Agency Memorandum #25 (AAM), which serves as the DOL's annual announcement of the adjustment of the Health & Welfare (H&W) fringe benefit rate for employees working under contracts governed by the Service Contract Act (SCA). The routine aspect of the AAM provides that effective as o ... Read More

2014 Rate Increase Announced for SCA Health and Welfare Fringe Benefits

By | H&W, Healthcare and Welfare, Healthcare Reform Blog | No Comments
The U.S. Department of Labor has released its annual memorandum noting a rate increase for Service Contract Act (SCA) Health and Welfare Fringe Benefits. The new rate is $4.02 per hour (up from $3.81 per hour last year) and is required in all government contract bids, or other service contracts awarded on or after July 22, 2014. SCA benefit chan ... Read More

IRS Issues Regulations Regarding Affordable Care Act Reporting Requirements

By | ACA, Affordable Care Act, Healthcare and Welfare, Healthcare Reform Blog, Obamacare, Play or Pay, PPACA | No Comments
The Affordable Care Act established two new IRS reporting requirements regarding group health coverage offered to employees. Each new reporting rule requires a detailed report to be filed each year with the IRS, and a corresponding statement provided to ‎each covered employee. One of the reporting obligations applies to all group health plans, in ... Read More

IRS Issues Guidance on Tax Treatment of Employee Benefits for Same-Sex Spouses

By | DOMA, ERISA, Healthcare and Welfare, Healthcare Reform Blog, SCA | No Comments
Details on These Tax Treatment Changes Since its enactment in 1996, the Defense of Marriage Act (DOMA), which forms part of the United States Code, has prohibited the federal government from recognizing same-sex marriages for purposes of federal law, including federal tax laws pertaining to employer-provided benefits. Consequently, the value of he ... Read More