Upcoming Affordable Care Act Reporting Deadlines
Affordable Care Act (ACA) reporting under Section 6055 and Section 6056 for the 2021 calendar year is due in early 2022. Specifically, reporting entities must: Furnish statements to individuals by Jan. 31, 2022; and File...
Read MoreHealth FSA Limit Set to Increase for 2022
The Affordable Care Act (ACA) imposes a dollar limit on employees’ salary reduction contributions to health flexible spending accounts (FSAs) offered under cafeteria plans. This dollar limit is indexed for cost-of-living adjustments and may be...
Read MoreWhat’re the Best Ways to Prepare for Open Enrollment with a Hybrid Workforce?
Preparing for Open Enrollment With a Hybrid Workforce With open enrollment season approaching, now’s the time for HR professionals to kick off their planning. Due to the pandemic—and employees’ desire for flexibility—many employers now find...
Read MoreIRS: Affordable Care Act Affordability Percentages Will Decrease for 2022
Affordability Percentages Will Decrease for 2022 On Aug. 30, 2021, the IRS issued Revenue Procedure 2021-36 to index the contribution percentages in 2022 for determining affordability of an employer’s plan under the Affordable Care Act...
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