IRS

Amwins Connect - July 2024 Question of the Month

Amwins Connect – July 2024 Question of the Month Question Can two owners/officers under a S-Corporation Company elect an FSA for themselves or any other owner of the company? Answer A 2-pe...

Form 5500 Extensions - for Calendar Year Plans

Form 5500 Extensions (for calendar year plans) June 2024 The Form 5500 for an ERISA plan is due the last day of the seventh month after the end of the ERISA plan year, including short plan years...

PCORI Fee Reporting and Payment Due July 31, 2024

PCORI Fee Reporting and Payment Due July 31, 2024 Fully insured carriers and most self-insured health plan sponsors must pay annual Patient Centered Outcomes Research Institute (PCORI) fees to the ...

Employer Tip - Educational Assistance Programs - New IRS FAQs

Educational Assistance Programs – New IRS FAQs The IRS released a set of FAQs that do not appear to make any changes, but simply clarify the tax-favored reimbursement available via educational assi...

UnitedHealthcare and Oxford Post PCORI Membership Reports

UnitedHealthcare and Oxford Level Funded groups with plan years ending in 2023 have been provided a PCORI Membership Report to assist in the annual fee filing.

Final IRS Form 720 on IRS Website - To Report PCORI Fees

Final IRS Form 720 Posted on the IRS Website A few weeks ago, we published an article updating the PCORI Fee information with the ‘draft’ IRS FORM 720. This article also explained the detailed spe...

Amwins Connect - June 2024 Question of the Month

Amwins Connect – June 2024 Question of the Month Question An employee terminates with an underspent Health FSA and is offered FSA COBRA. The employee pays COBRA premium for 2 months, exhausts th...

Updated - Reporting PCORI Fees to the IRS

Updated - Reporting PCORI Fees to the IRS May 29, 2024 On May 24, 2024, the IRS posted a 'draft' IRS Form 720 with the most current PCORI Fees. Amwins Connect will post the Final IRS Form 720 w...

Drug Discount Cards - Manufacturers' Financial Assistance

Drug Discount Cards – Manufacturers’ Financial Assistance The Department of Health and Human Services (HHS) issued regulations providing that the amount of the drug manufacturers' financial assista...

Webinar Replay: 2025 HDHP and HSA Thresholds

2025 HDHP and HSA Thresholds May 15, 2024 The IRS released the 2025 numbers for qualifying HDHPs and annual HSA contributions. This webinar will review the increased thresholds for 2025 and then...

Employer Compliance Tips

Employer Compliance Tips Advance Explanation of Benefits (EOB) IRS Priority Guidance Plan (ACA Rules and Reporting) IRS Request for Comment - ACA Employer Reporting 1094/1095C Forms ...

Reporting PCORI Fees to the IRS

Reporting PCORI Fees to the IRS May 2024 Fully insured carriers and most self-insured health plan sponsors must pay annual Patient Centered Outcomes Research Institute (PCORI) fees to the IRS. T...