DOL Increases Civil Penalty Amounts for 2021
The Department of Labor (DOL) has released its 2021 inflation-adjusted civil monetary penalties that may be assessed on employers for violations of a wide range of federal laws, including:
Supporting Employee Financial Well-being in the New Year.
2020 has not only effected the way Americans live on a daily basis, but has also posed significant economic threats that could have a lasting effect on their financial well-being. For purposes of this article, financial well-being refers to th...
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...
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...
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...
