Employee Benefits Legislation

Important Information about How to Report 2019 Massachusetts PFML Wages

2020-01-23T08:54:04-05:00January 23rd, 2020|Benefits Administration, Employee Benefits, Employee Benefits Legislation, Massachusetts News|

The Massachusetts Department of Revenue recently released important information on how to report PFML Wages for the 4th Quarter 2019 Paid Family and Medical Leave Return. The Department of Family and Medical Leave is providing this update for all employers participating in [...]

DOL Increases Penalties for Group Health Plan Violations

2020-01-22T12:40:40-05:00January 22nd, 2020|Benefits Administration, Employee Benefits Legislation, Legislative News|

2020 DOL Penalty Amounts for ERISA Violations Issued The U.S. Department of Labor (DOL) has increased the penalties employers face under ERISA for group health plan reporting and disclosure failures. These new amounts apply to penalties assessed after Jan. [...]

Legislative Update: Spending Bill Would Repeal Up To Three Obamacare Taxes

2020-01-02T07:51:09-05:00January 2nd, 2020|Employee Benefits, Employee Benefits Legislation, Legislative News, Small Business Health Insurance|

Negotiations are ongoing, but it looks like the fiscal year 2020 spending bill will include permanent repeal of up to three Obamacare taxes: the so-called “Cadillac” tax on health insurance benefits, an excise tax on medical devices, and the [...]

The 2019 ACA Reporting is Due in Early 2020: Final Forms and Instructions Released

2019-12-17T08:22:54-05:00December 17th, 2019|Employee Benefits Legislation, Legislative News|

The IRS has released final 2019 versions of Forms 1094-C, 1095-C, 1094-B, and 1095-B that employers will use in early 2020 to report on the group health insurance coverage they offered during the 2019 calendar year. Instructions on how to complete Forms 1094-C and 1095-C and Forms [...]

Tax Update: IRS Provides ACA Reporting Relief

2019-12-03T18:50:11-05:00December 3rd, 2019|Employee Benefits Legislation, Legislative News|

2019 Furnishing Deadline Delayed and Additional Transition Relief Granted The IRS has delayed the deadlines by which employers must furnish 2019 Forms 1095-C and 1095-B in early 2020. As a result: Employers with 50 or more full-time employees (including full-time equivalent employees) generally [...]

FSA Contribution and Other Benefits Limits Rise for 2020

2019-12-02T11:13:50-05:00December 2nd, 2019|Employee Benefits, Employee Benefits Legislation, Legislative News|

The IRS announced an increase to flexible spending account (FSA) contribution limits for the 2020 plan year. Individuals can contribute $2,750 in 2020, up $50 from the previous year. Since this announcement came so late in the year, some [...]

Health Insurance Tax Still Looming As We Head Into 2020

2019-11-05T08:48:05-05:00November 5th, 2019|Employee Benefits Legislation, Small Business Health Insurance|

The Health Insurance Tax — also known as the HIT tax — was an ill-considered part of the Affordable Care Act. It applies a steep levy to every small business health plan. In 2020, the HIT tax will cost [...]

In Depth: The Massachusetts Paid Family Medical Leave Act (PFML)

2019-10-08T08:55:12-04:00October 8th, 2019|Benefits Administration, Employee Benefits Legislation, Legislative News|

As the Massachusetts Paid Family and Medical Leave (“PFML”) law enters the first quarter of PFML contributions, the Department of Paid Family and Medical Leave (“DFML”) has released additional guidance on the next steps for employers that have applied [...]