Employee Benefits Plan Limits for 2021
Many employee benefits are subject to annual dollar limits that are periodically updated for inflation by the IRS.
The IRS typically announces the dollar limits that will apply for the next calendar year well in advance of t...
What is a Health Savings Account?
A Health Savings Account, or HSA account, is a savings account where you can deposit money on a pre-tax basis to pay for qualified medical expenses. The list of qualified Medical Expenses is huge, and I often find myself surprised by what I can pay for usin...
Final Forms and Instructions for 2020 ACA Reporting Released
The Internal Revenue Service (IRS) released final 2020 forms and instructions for reporting under Internal Revenue Code (Code) Sections 6055 and 6056.
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Supreme Court Vacancy May Affect ACA Litigation
Since 2017, the Affordable Care Act (ACA), has been the subject of numerous legal challenges. Several bills were introduced to repeal the law, although those efforts failed. The ACA has also been challenged in federal court. A lawsuit seeking to invalid...
With COVID-19 effecting our communities, is it safe to go out and get a flu shot?
The CDC says, "Yes. Getting a flu vaccine is an essential part of protecting your health and your family's health this season. To protect your health when getting a flu vaccine, follow CDC's recommendations fo...
Medicare Part D Notices Are Due Before Oct. 15, 2020
Each year, Medicare Part D requires group health plan sponsors to disclose to individuals who are eligible for Medicare Part D and to the Centers for Medicare and Medicaid Services (CMS) whether the health plan's prescription drug coverage is credi...
Even as things start returning to some sort of normalcy in day to day operations, societal indications show that the impact of COVID-19 on “business as usual” will be seen well into 2021. With the ripples of the Coronavirus continuing to form, Employers are faced with challenges of managing th...
Many of us are familiar with the old adage, "An Ounce of Prevention is Worth a Pound of Cure", as well as the benefits that accompany preventive care. A recent Kaiser Health Tracking Poll reported that 92% of Americans believe in the importance of an ...
Who Started the Move Challenge?
Forsite Benefits & Wellness launched the annual Move Challenge in 2017 to provide the Greater Green Bay and Fox Valley communities of Northeast Wisconsin a way to come together for a charitable cause. Today, the Move Challenge has welcomed over 100 teams...
Affordability Percentages Will Increase For 2021
The IRS recently issued Revenue Procedure 2020-36 to index the contribution percentages in 2021 for determining affordability of an employer's plan under the Affordable Care Act (ACA).
For plan years beginning in 2021, employer-spon...
