by Joe Hughes | Apr 1, 2024 | Blog, Smart
One way an employer can reduce its liability risks is to ensure that its supervisors have the knowledge and tools necessary to comply with all applicable employment laws. This can be achieved by providing supervisors with regular training on what they are expected and...
by Joe Hughes | Mar 1, 2024 | Blog, Popular
The Internal Revenue Service (IRS) has released draft 2024 forms for reporting under Internal Revenue Code Sections 6055 and 6056. Draft instructions for these forms have not yet been released. The 2024 draft Forms 1094-B and 1095-B are draft versions of forms that...
by Joe Hughes | Feb 1, 2024 | Blog, Smart
The Affordable Care Act (ACA) requires health insurance issuers and self-insured plan sponsors to pay Patient-Centered Outcomes Research Institute fees (PCORI fees). The fees are reported and paid annually using IRS Form 720, the Quarterly Federal Excise Tax Return....
by Joe Hughes | Jan 1, 2024 | Blog, Popular
The issue of whether the federal Employee Retirement Income Security Act of 1974 (ERISA) preempts state laws is complex, with numerous courts ruling differently on the issue for a wide variety of different state health insurance regulations. In recent years, state...
by Joe Hughes | Dec 1, 2023 | Blog, Smart
On May 9, 2024, the IRS released Revenue Procedure 2024-25 to provide the inflation-adjusted limits for health savings accounts (HSAs) and high deductible health plans (HDHPs) for 2025. The IRS is required to publish these limits by June 1 of each year. These limits...
