Compliance News

Employer Compliance Tip - Handling Level Funded Plan Surplus Returns

Employer Compliance Tip - Handling Level Funded Plan Surplus Returns March 2024 Question How would an employer handle surplus returns from a Level Funded plan? Answer It is recommend to...

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, ...

Protection for Reproductive Health in Women

Protection for Reproductive Health in Women The Biden-Harris Administration announced an ongoing commitment to the protection of women's rights to reproductive health care. The focus is on educa...

Refresher - Determining COBRA Premiums for HRA Plans

Determining the COBRA Premium for an HRA March 2024 Setting the correct COBRA premium for a Health Reimbursement Arrangement (HRA) can be challenging. COBRA defines “applicable premium” as the ...

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...

ERISA Enforcement and Penalties

ERISA Enforcement and Penalties Employer group health plans should be reminded of the importance of the employer’s role as a fiduciary of the benefit plans offered to employees. As a fiduciary, ...

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...

Covered California Small Business | Important Notice on CAA, Section 204 Pharmacy Reporting

“Under Section 204 (of Title II, Division BB) of the Consolidated Appropriations Act, 2021 (CAA), insurance companies and employer-based health plans must submit information about prescription drugs a...

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...

Employer Fiduciary Duties - J and J Lawsuit

Employer Fiduciary Duties February 2024 The recent class action lawsuit against Johnson and Johnson (J and J) has received a lot of attention from employers. The suit accuses J and J of breachin...

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...