Category Archives: IRS

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

Guidance For Employer Shared Responsibility Payments Announced

By | ACA, Affordable Care Act, Compliance, Government Contact, Government Contractors, IRS, Play or Pay, PPACA, Uncategorized | No Comments
The IRS has announced new guidance regarding the Employer Shared Responsibility Payments (the "ESRPs"), which are the ACA penalties assessable to “Applicable Large Employers” for failing to provide affordable health care coverage to eligible full-time employees. Although the IRS began collecting information from employers (via the Form 1 ... Read More

The 2017 Comparative Effectiveness Research Fee

By | ACA, Affordable Care Act, HRA, IRS, Obamacare, PCORI, PPACA | No Comments
It’s that time of year again. The Affordable Care Act imposes an annual fee called the Comparative Effectiveness Research Fee (CERF) on insurers and plan sponsors of self-insured coverage to help fund the Patient-Centered Outcomes Research Institute. The fee is based on the average covered lives for the applicable plan year. IRS Notice 2016 ... Read More

Tax Treatment of Voluntary Fixed Indemnity Health Benefits

By | Benefits Administration, Government Contractors, IRS, Uncategorized | No Comments
Last week, the IRS's Office of Chief Counsel released a Memorandum announcing that benefits paid under a fixed indemnity health benefit program that is either funded by the employer, or funded by employees through contributions made on a pre-tax basis, are included in the employee’s gross income as taxable wages. This would require the employer ... Read More

ACA Patient-Centered Outcomes Research Institute (PCORI) Fee Filing Deadline Approaching

By | ACA, Affordable Care Act, Healthcare Reform Blog, IRS, PCORI | No Comments
This is an early reminder that employers with insured plans/HRA arrangements are required to report and pay the 2015 ACA Patient-Centered Outcomes Research Institute (PCORI) fees for the HRA plan no later than July 31, 2016. The IRS has adjusted the ACA fee amount for this year to $2.17 per insured life. As in previous years, employers must repo ... Read More