Category: Aisling University Employee Benefits Newsletters

IRS Updates Q&As on ACA Information Reporting

Two sets of recently updated Q&As from the Internal Revenue Service (IRS) provide guidance on the information reporting requirements under the Affordable Care Act (ACA). One set of Q&As relates to information reporting by health coverage providers under Internal Revenue Code (IRC) section 6055, and the other set of Q&As relates to reporting on offers […]

Additional Permitted Election Changes for Health Coverage Under Cafeteria Plans

New agency guidance expands the application of the permitted election change rules for employer-sponsored health coverage under a cafeteria plan in two situations – an employee’s enrollment in Marketplace coverage and reduction in hours of service – provided specific conditions are met. The guidance became effective on September 18, 2014.   Current Permitted Election Changes […]

IRS Adjusts Applicable Dollar Amount Used to Determine PCORI Fee

The Internal Revenue Service (IRS) has issued guidance which increases the applicable dollar amount used to determine the Patient-Centered Outcomes Research Institute (PCORI) fee. For plan years ending on or after October 1, 2014 and before October 1, 2015, the fee is $2.08 (multiplied by the average number of lives covered under the plan).   […]

OSHA Final Rule Updates Reporting & Record-keeping Requirements

The Occupational Safety and Health Administration (OSHA) has released a final rule, effective January 1, 2015, that changes the criteria for reporting severe injuries and revises the list of employers partially exempt from OSHA’s recordkeeping provisions.   More Incidents Must Be Reported Under the final rule, employers must notify OSHA of all work-related fatalities within […]

Employers Will Not Be Required to Post Employee Rights Notice in the Workplace

The National Labor Relations Board (NLRB) has decided not to seek Supreme Court review of two U.S. Court of Appeals decisions invalidating the agency’s Notice Posting Rule, which would have required most private sector employers to post a notice of employee rights in the workplace. Originally scheduled to become effective in 2011, the Notice Posting […]

Important Changes to the Small Business Health Care Tax Credit in 2014

Under the Affordable Care Act, small employers may be eligible for a special tax credit to help cover the cost of providing health coverage to employees. Employers who are interested in claiming the credit should be aware of a number of important changes for tax years beginning in 2014 and beyond. General Eligibility Requirements An […]

The Do’s and Don’ts for Preventing Common COBRA Mistakes

With so many requirements under COBRA, it’s easy to make a mistake that could result in costly penalties. Understanding your responsibilities when it comes to compliance is the best way to prevent expensive mistakes. The following do’s and don’ts can help you get started. DO count part-time employees to determine whether your plan is subject […]