IPSPulse

IRS Penalties for Small Employers Reimbursing Individual Health Insurance Premiums Will Not Apply Until July 2015

IRS Notice 2015-17 provides limited transition relief from the assessment of excise taxes for small employers who reimburse, or directly pay, the premium for an employee's individual health insurance... Read More

1035 Exchanges of Life Insurance Policies – How Easy Are They Really.

MARKET TREND:  Complex tax laws and the emergence of new, more sophisticated life... Read More

IRS Issues Revised Safe Harbor Notices for Recipients of Eligible Rollover Distributions.

  IRS Issues Revised Safe Harbor Notices for Recipients of Eligible Rollover... Read More

Insurer That Allowed Change of Beneficiary to Person with No Insurable Interest Is Sued for Negligence

  Insurer That Allowed Change of Beneficiary to Person with No Insurable Interest... Read More

W-2 Health Value Reporting Reminder

Based on the guidance from the IRS, the 250 requirement still applies for large/small employers. As such, if 250 W-2s were not reported for the 2013 year, then for 2014, no reporting... Read More

News Alert - Flexible Spending Account Limit Increased for 2015

On October 30, 2014, the Internal Revenue Service ("IRS") released an increased contribution limit for employer-sponsored health flexible spending accounts ("FSAs")... Read More

News Alert - Reinsurance Fee Form Available; Reports Due November 15th, 2014

On Friday, October 24th, 2014, the Department of Health and Human Services ("HHS") released the long-awaited forms required for health plans to complete and submit in... Read More

NEWS ALERT: What to Expect in 2015 (and the remainder of 2014!)

Where did the Summer go? With children back in school, work in full-swing, and 2014 almost to a close (minus the hectic, last-minute holiday shopping and the fortunate (or unfortunate) "family"... Read More

News Alert - IRS Announces Changes to Section 125 Cafeteria Plans to Allow Marketplace Plan Purchases

On September 18, 2014, the IRS issued two new options for employers to allow employees to make prospective election revocations, within section 125 Cafeteria Plans, as follows: • Employees... Read More

ACA News Alert: Refresher as HPID Requirement & Deadline Draws Near

As you might already know, ACA implemented and HHS announced that nearly all Health Plans will be required to obtain a national Health Plan Identifier Number ("HPID"). This HPID will be used... Read More