17 Sep ACA Cadillac Tax: IRS Issues Next Installment of Preliminary Guidance

Posted at 09:00h in ACA, ClearPath blog, Health Care, Health Care Plans, IRS

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In February, employers, administrators and others got to see some preliminary thoughts the Internal Revenue Service (IRS) has about the so-called “Cadillac Tax,” included in the Affordable Care Act (ACA). That initial glimpse came when the IRS issued Notice 2015-16. Read more here...

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14 Sep Simplifying the Administration of Cafeteria Plan Election Changes

Posted at 08:00h in ClearPath blog, Employee Benefits, IRS

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Election change requests are the most rule-centric item encountered in the day-to-day administration of a cafeteria plan. Most cafeteria plans, although not required to do so, allow election changes to the fullest extent permitted by law. Read more here...

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10 Sep IRS Makes it Riskier to Maintain Individually-Designed Retirement Plans

Posted at 08:00h in ClearPath blog, IRS, Retirement

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The Internal Revenue Service just made it riskier to maintain a tax-qualified individually-designed retirement plan by eliminating the five-year determination letter remedial amendment cycle for these plans, effective January 1, 2017. Read more here...

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06 Feb Compliance Recap | January 2015

Posted at 15:02h in ClearPath blog, IRS

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Although employers are not required to offer coverage during 2014, individuals are generally required to have health coverage during 2014 and must report on that coverage through their 2014 federal income tax return. Read more here...

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12 Jan Compliance Recap | December 2014

Posted at 20:16h in ClearPath blog, Compliance News

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Source: United Benefit Advisors, LLCDuring the month of December Congress passed a temporary increase to the transit pass and vanpooling benefit and the regulatory agencies released several cost-of-living increases, proposed relatively minor revisions to the Summary of Benefits and Coverage (SBC) requirement, and updated the...

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12 Jan Highlights of the Excise Tax on High-Cost Plans (the “Cadillac Tax”)

Posted at 18:28h in ClearPath blog, Compliance News

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Source: United Benefit Advisors, LLC The excise tax on high cost plans (also referred to as the Cadillac tax and the 4980I tax) is scheduled to take effect in 2018. To date, regulations have not been issued, so many of the details about how the tax...

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07 Jan Determining Minimum Value and Affordability

Posted at 18:59h in ClearPath blog

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Source: United Benefit Advisors, LLCThe IRS has released final regulations that address how wellness incentives or penalties, contributions to a health reimbursement arrangement, and employer contributions to a Section 125 plan are applied to determine affordability. While these regulations were issued in connection with the...

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12 Dec Preparing for 2015 – Key PPACA Requirements

Posted at 17:16h in ClearPath blog, PPACA

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  As we approach 2015, employers should be taking steps to ensure they are prepared to meet the Patient Protection and Affordable Care Act (PPACA) requirements that begin in 2015 and those which must be completed in 2014. The most significant upcoming requirements and options for...

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12 Dec 2014 UBA Health Plan Survey Shows Rate Reprieve for Small Employers

Posted at 16:48h in ClearPath blog

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  Source: United Benefit Advisors, LLC Data in the 2014 UBA Health Plan Survey is based on responses from 9,950 employers sponsoring 16,967 health plans nationwide. Results are applicable to the small to midsize market that makes up a majority of American businesses, as well as to larger employers,...

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12 Nov 2014 UBA Health Plan Survey Results

Posted at 16:37h in ClearPath blog, Survey

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The Nation’s Largest Employee Benefits Benchmarking Survey results are in. Find out more here...

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