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Beautiful scene of trees near turquoise water of Hintersee lake

INSIGHTS

Beautiful scene of trees near turquoise water of Hintersee lake

INSIGHTS

Five Key Benefit Areas to Watch for 2020

As we approach 2020, we find that we are headed into another year of vast changes on the employee benefit landscape. Based on our interactions with employers, carriers, and ever-changing regulatory standards, we have put together the five key benefit areas to watch in the coming year.

Compliance Alert: IRS Releases Draft 2019 ACA Reporting Forms and Instructions

The IRS has released draft forms and instructions for the 2019 B-Series and C-Series reporting forms (Forms 1094-B, 1095-B, 1094-C and 1095-C) used by employers and coverage providers to report certain information to full-time employees and the Internal Revenue Service (IRS). In this compliance alert, you'll receive background information on added sections to the Affordable Care Act as well as a more in-depth explanation of reporting under these new draft forms.

Compliance Alert: IRS Increases Health FSA Contribution Limit for 2020, Adjusts Other Benefit Limits

On November 6, 2019, the Internal Revenue Service (IRS) released Revenue Procedure 2019-44, which raises the health Flexible Spending Account (FSA) salary reduction contribution limit by $50 to $2,750 for plan years beginning in 2020. The Revenue Procedure also contains the cost-of-living adjustments that apply to dollar limitations in certain sections of the Internal Revenue Code.