Posts in Benefit Minute

  1. Recent Developments in Employee Benefit Programs (Benefit Minute)

    With a Republican controlled Senate and a Democratic controlled House of Representatives, it is unlikely there will be major legislative changes in the next two years. New developments in the employee benefits landscape are now coming primarily through judicial decisions and regulatory action. Below are some benefit areas that have been recently impacted.

  2. Benefit Plan and Payroll Limits for 2019 (Benefit Minute)

    Learn more about the 2019 and 2018 limitations for qualified plans and other benefit related items. See the table of information here.

  3. Outlook for Healthcare Legislation and Regulation After the 2018 Midterm Election (Benefit Minute)

    Healthcare was the hot topic in the 2018 midterm election as exit polls showed that approximately 40% of voters ranked it as the most important issue.  On this issue, Democrats held the advantage which allowed them to gain control of the House of Representatives by a margin of 234 to 200 (one seat still undecided).  […]

  4. Overview of Medicare Secondary Payer Provisions (Benefit Minute)

    The Medicare Secondary Payer (MSP) requirements are a method by which the federal government shifts primary payment responsibility from Medicare to group health plans when an individual is covered by both.

  5. IRS Provides Guidance on Employer Tax Credit for Paid Family & Medical Leave (Benefit Minute)

    The Internal Revenue Service has issued Notice 2018-71, which provides guidance on the employer tax credit for paid family and medical leave.  This new tax credit was established by the tax reform bill passed in December 2017 and applies to wages paid in the 2018 and 2019 tax years. Eligible Employers An employer need not […]

  6. Recent Litigation Revolving Around the ACA (Benefit Minute)

    Individual Mandate The 2018 tax reform law eliminated the penalty for failing to comply with the ACA’s individual mandate beginning in 2019.  As a result, twenty Republican states filed a lawsuit in Texas arguing that the individual mandate is fundamental to the ACA. They believe that, without the mandate, the ACA is no longer workable […]

  7. Nontaxable & Taxable Fringe Benefits: A Refresher (Benefit Minute)

    This issue of the Benefit Minute summarizes nontaxable and taxable fringe benefits that are provided to employees by employers. It reflects changes made by the Tax Cuts and Jobs Act. Many of these items are described in IRS Publication 15-B, Employer’s Tax Guide to Fringe Benefits. However, it’s important to understand the different types of […]

  8. DOL Expands Association Health Plans (Benefit Minute)

    In response to an executive order issued in October 2017, the Department of Labor (DOL) has issued a final regulation that is intended to make it easier for sole proprietors and small employers to join together via Association Health Plans (AHPs) and obtain health insurance coverage in the large group market, which generally imposes fewer […]

  9. Department of Labor Continues to Focus on Mental Health Parity (Benefit Minute)

    The Mental Health Parity and Addiction Equity Act (MHPAEA) requires that financial requirements and quantitative treatment limitations imposed on mental health and substance use disorder benefits cannot be more restrictive than the requirements that apply to medical/surgical benefits in the same classification.