IRS

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...

2025 HSA Contribution and Other Limits Released by IRS - Revised

2025 HSA Contributions and Other Limits Released The Internal Revenue Service (IRS) released its annual inflation-adjusted contribution limits for Health Savings Accounts (HSA) effective for Plan Y...

Reimbursement of Nutrition, Wellness and General Health Expenses

Reimbursement of Nutrition, Wellness and General Health Expenses While reimbursement of new weight-loss drugs available solely by prescription are reimbursable on a tax-favored basis under an FSA, ...

Who Has To Provide 1094/1095-C Statements to Employees and the IRS?

Who Has To Provide 1094/1095C Statements to Employees and Information to the IRS? Question The insurance carrier confirmed that the Form 1095-Bs were filed for the fully insured plan, so does th...

Amwins Connect - March 2024 Question of the Month

Amwins Connect – March 2024 Question of the Month Question What is the penalty for failing to prepare and submit Forms 1094 and 1095 (B or C)? Answer Employers that fail to file, file late...

Employer Reporting Tip - ACA Reporting Deadlines

Employer Reporting Tip - ACA Reporting Deadlines February 29, 2024 Question Are there extensions available for the ACA employer reporting deadlines? Answer The ACA employer reporting de...

Purchase or Sale of Paid Time Off Through a Section 125 Cafeteria Plan

Purchase or Sale of Paid Time Off (PTO) Through a §125 Cafeteria Plan February 2024 Background §125 Cafeteria plans are generally set up to give employees access to a range of tax-free benefi...

ACA 1094 and 1095 Submission Deadlines - Employer ReportingTip

ACA 1094 and 1095 Submission Deadlines - Employer Reporting Tip Question When are the ACA employer reporting forms (Form 1094 and Form 1095s) due? Answer Copies of Form 1095s (1095-B or...