by Girish Anand | Jun 17, 2019 | DOL, HHS, IRS
The Trump administration is rolling out rules that will allow employers to fund Health Reimbursement Arrangements (HRAs) so that their employees can purchase health insurance on their own. The rules, which take effect on Jan. 1, 2020, are currently being finalized by...
by Girish Anand | Dec 4, 2018 | IRS
The Internal Revenue Service (IRS) is reminding small business taxpayers that changes to the tax law mean they can immediately expense more of the cost of certain business property. Many are now able to write off most depreciable assets in the year they are placed...
by Girish Anand | Dec 3, 2018 | ACA, Affordable Care Act, IRS
The Internal Revenue Service (IRS), saying that “a substantial number of employers, insurers, and other providers of minimum essential coverage need additional time,” has extended the deadline for supplying Form 1095-B and 1095-C to individuals from Jan....
by Girish Anand | Nov 5, 2018 | IRS
The Internal Revenue Service (IRS) has released Notice 2018-83, which details cost-of-living adjustments for retirement contributions in 2019. Section 415 of the Internal Revenue Code requires annual adjustments on benefits and contributions under qualified retirement...
by Girish Anand | Oct 31, 2018 | ACA, Affordable Care Act, Health Care Reform, IRS, Obamacare
The window for signing up for health insurance plans effective Jan. 1, 2019, closes at the end of Obamacare open enrollment on Dec. 15 of this year, following the opening of the federal exchange — HealthCare.gov — tomorrow. While this opening is of...
by Girish Anand | Sep 6, 2018 | ACA, Affordable Care Act, IRS
The Internal Revenue Service (IRS) in late 2017 began issuing its first wave of Affordable Care Act (ACA) penalties to companies that failed to provide minimum essential health coverage to at least 70 percent of their employees in 2015. Now, the IRS is issuing a new...