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Compliance

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  • IRS 2020 Plan Limits Published

    The 2020 IRS annual limits for employee benefit plans have been published, including the following: The maximum retirement plan annual elective deferral increased to $19,500, …

  • 2020 HSA & HDHP limits

    The IRS recently released Health Savings Account (HSA) and High Deductible Health Plan (HDHP) limits for 2020. Health Savings Accounts For 2020, the HSA maximum …

  • Form 1095 Extension Announced

    The IRS announced that the deadline for employers to furnish 2018 Forms 1095-C to employees has been extended from January 31 to March 4, 2019. The extension …

  • Massachusetts Health Insurance Form Due Nov 30

    If you have 6 or more employees working in Massachusetts, please be advised that the state has released its online employer Health Insurance Responsibility Disclosure …

  • IRS 2019 Plan Limits Released

    The IRS has finally released the FSA and Transportation maximum benefit limits for 2019. Here are the 2019 annual limits for employee benefit plans, including: …

  • Proposed Rule to Expand HRA Use

    In response to the White House’s October 2017 Executive Order, the Departments of Treasury, Labor, and Health and Human Services recently issued a proposal to revise …

  • 2019 HSA Limits & ACA Affordability

    The IRS recently released Health Savings Account and ACA Affordability amounts for 2019. Health Savings Accounts Self-Only Coverage Family Coverage Catch-Up age 55+ 2018 $3,450 …

  • Health Care Reform in Massachusetts

    Individual Responsibility Under state health care reform enacted in 2006, all Massachusetts residents must have health coverage that is considered “creditable”. As proof of coverage, …

  • Form 1095 Extension Announced

    The IRS announced an automatic 30-day extension for employers to provide 2017 Forms 1095-C to employees. The extension also applies to carriers issuing Forms 1095-B to …

  • ACA Reporting Updates

    The Affordable Care Act (ACA) mandate for employers to offer affordable medical coverage to full-time employees was subject to several repeal efforts this year. Since …

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