Congress Repeals Unrelated Business Income Tax for Tax-Exempt Entities Offering Qualified Transportation Fringe Benefits

January 15, 2020
As part of the Further Consolidated Appropriations Act, 2020 (the “Act”), Congress repealed Section 512(a)(7) of the Internal Revenue Code of 1986 (the “Code”). This Code section was added as part of the Tax Cuts and Jobs Act of 2017 (the “TCJA”) and resulted in... Find out more »

Congress Passes Spending Bill that Repeals Three Major ACA Taxes, Extends PCORI

December 19, 2019
Updated December 21 to reflect that the bill has been signed into law. On December 20, 2019, the House and Senate, with the final signature from President Trump, passed a bipartisan legislative package of spending bills to avoid a government shutdown.  This package of bills is collectively... Find out more »

IRS Extends Deadline for Furnishing Form 1095-C, Extends Good-Faith Transition Relief

December 2, 2019
The Internal Revenue Service (IRS) has released Notice 2019-63, which extends the deadline for furnishing 2019 Forms 1095-B and 1095-C to individuals from January 31, 2020 to March 2, 2020.  The Notice also provides penalty relief for good-faith reporting errors and suspends the requirement to... Find out more »

What Employers Need to Know About the New Transparency Rules

November 22, 2019
Proposed Transparency Rule Released Following President Trump’s Executive Order on Improving Price and Transparency in American Healthcare, one final and one proposed rule was released by HHS and CMS that aim to increase price transparency for hospitals and insurance companies.  These... Find out more »

IRS Releases Draft 2019 ACA Reporting Forms and Instructions

November 14, 2019
The IRS has released draft forms and instructions for the 2019 B-Series and C-Series reporting forms (Forms 1094-B, 1095-B, 1094-C and 1095-C) used by employers and coverage providers to report certain information to full-time employees and the Internal Revenue Service (IRS).  As... Find out more »

Alera Group Acquires Capital Region Benefits

November 12, 2019
Alera Group, a national employee benefits, property and casualty, retirement services and wealth management firm, today announced that it has acquired Capital Region Benefits, effective November 1, 2019. Capital Region Benefits, an independent insurance agency located in Camp Hill, Pennsylvania,... Find out more »

Health FSA Contribution Limit Increases to $2,750 for 2020 Plan Years

November 7, 2019
IRS Increases Health FSA Contribution Limit for 2020, Adjusts Other Benefit Limits On November 6, 2019, the Internal Revenue Service (IRS) released Revenue Procedure 2019-44, which raises the health Flexible Spending Account (FSA) salary reduction contribution limit by $50 to $2,750 for plan... Find out more »

Alera Group Acquires HR inTune

November 6, 2019
Alera Group, a national employee benefits, property and casualty, risk management and wealth management firm, today announced that it has acquired the business assets of HR inTune, effective October 1, 2019. HR inTune, located in Berwyn, Pennsylvania, is a human resource consulting firm that... Find out more »

Massachusetts Employers Must File HIRD Form by December 15

November 5, 2019
As part of Massachusetts’ expanded Employer Medical Assistance Contribution (EMAC) program, employers with 6 or more employees in Massachusetts must submit a health insurance responsibility disclosure (HIRD) form annually, which collects information about employer-sponsored health insurance... Find out more »

IRS Releases Guidance for Employers Offering Individual Coverage HRAs

October 28, 2019
On September 27, the Internal Revenue Service (IRS) released proposed regulations on the application of the Affordable Care Act’s (ACA) employer shared responsibility provisions to a new type of Health Reimbursement Arrangement (HRA) available starting in 2020.  In June 2019, the... Find out more »