Midyear adjustments to health plans permitted due to COVID-19

Employers can now allow employees the opportunity to make midyear adjustment to their health insurance plans and flexible spending plans for the 2020 plan year, according to a notice issued by the IRS in response to the coronavirus crisis. The IRS issued its guidance on May 12, which relaxes the rules relating to election changes […]

ACA Reporting Deadlines Are Here

Part of the Affordable Care Act requires that employers who offer fully insured medical plans perform annual reporting to the IRS. For businesses that file the required documents using paper forms, the deadline was May 31 for 2015 reporting. Most, however, file electronically, and the deadline for these reports is rapidly approaching. (Employers with 250 […]

Final OT Regs Released by DOL, Effective December 2016

We recently received an email update from our colleague Tony Wilson, a Principal with NFP, informing us about the release of the DOL’s final overtime regulations that will take effect on December 1, 2016. If you have any questions about how the information provided by Tony below may affect your business, reach out to Amy […]