Compliance News

Top Five Form 5500 Questions

1. Do I need to file a Form 5500? A Form 5500 filing is required for each employee welfare benefit plan sponsored by an employer that is subject to the Employee Retirement Income Security Act (ERIS...

A Primer on Reporting PCORI Fees to the IRS

Fully insured carriers and most self-insured health plan sponsors must pay annual Patient-Centered Outcomes Research Institute (PCORI) fees to the IRS. They are also required to report the same on For...

HSA Contribution and Delayed Medicare Enrollment

Did you know that when an individual delays Medicare enrollment there is a 6 month lookback period? If an individual delays enrollment and continues to contribute to an HSA, or if their employer contr...

Alert on Self-Funded Plans and Mental Health Parity Reporting

The Dept. of Labor (DOL) has an important reporting requirement that applies to all self-funded benefit plans in which employers have had at least 51+ employees during the preceding calendar year....

IRS Issues Proposed Rules to Fix the Affordability “Family Glitch”

The IRS has issued proposed rules that would change the way employer-sponsored coverage would be treated when determining if a family is eligible for premium tax credits (PTC) when purchasing individu...

CalSavers Small Employer Registration Deadline is June 30

CalSavers is a retirement savings program for private sector employees whose employers don’t offer a retirement program. More specifically, it gives employees the opportunity to defer their wages, thr...

City of San Francisco Updates Minimum Compensation Rates

San Francisco is updating minimum compensation rates covering most city service contractors as well as tenants at the San Francisco International Airport. The Minimum Compensation Ordinance (MCO) ...

Premium Payment and FMLA Leave

Making sure your group is compliant with FMLA leave is important. So is making sure that health insurance is paid for. Question: How can an employee who is out on FMLA leave and not receiving a pa...

Congress Temporarily Reinstates Telemedicine/HSA Eligibility Relief

The recently signed Consolidated Appropriations Act, 2022 (Act) includes another twist on telemedicine (sometimes referred to as telehealth) coverage and eligibility for a health savings account (HSA)...

California Supplemental Paid Sick Leave - Effective January 1, 2022

California Supplemental Paid Sick Leave (CA SPSL) is back. On February 9, 2022, Governor Newsom signed the bill (SB 144) into law. It will be effective on February 19, but the leave time is retroactiv...

California Provides Leniency for Individual Mandate Reporting

The California Franchise Tax Board (FTB) has indicated on its website that while 1095 statements remain due to individuals by January 31, 2022, the FTB will not impose penalties for failure to provide...

Health Plans Must Now Cover At-Home COVID Tests

As part of its ongoing efforts across many channels to expand Americans’ access to free testing, the Biden-Harris Administration is requiring insurance companies and group health plans to cover th...