Understanding An HRA
A health reimbursement arrangement (HRA) is an employer-funded account that is designed to reimburse employees for qualified medical expenses that are paid for out-of-pocket. There are no annual contribution limits. However, the employer usually sets...
Read More
ACA Pay or Play Penalties Will Increase for 2023
On Aug. 16, 2022, the IRS updated its frequently asked questions (FAQs) on the employer shared responsibility (pay or play) rules under the Affordable Care Act (ACA) to include payor play penalties increases for 2023....
Read More
2023 Open Enrollment Checklist
To prepare for open enrollment, group health plan sponsors should be aware of the legal changes affecting the design and administration of their plans for plan years beginning on or after Jan. 1, 2023. Employers...
Read More
Form 5500 Deadline Aug. 1, 2022 for Calendar Year Plans
Form 5500 deadline coming up! Employers with employee benefit plans that operate on a calendar year basis must file their annual reports (Form 5500) for 2021 with the Department of Labor (DOL) by Aug. 1,...
Read More