COMPLIANCE ALERT – ACA Electronic Filing Requirements Changes for 2024
Since 2015, employers submitting at least 250, 1095 forms to the IRS have been required to file...
The Birch Blog
———COMPLIANCE ALERT – 2024 Health FSA Inflation Adjustments Released
On November 9, 2023, the Internal Revenue Service issued Revenue Procedure 2023-34 that...
COMPLIANCE ALERT – ACA: SIGNIFICANT DROP IN 2024 HEALTH PLAN AFFORDABLITY
The 2024 health plan affordability threshold* is dropping next year, according to the recent...
SIGNIFICANT CHANGES PROPOSED TO VOLUNTARY BENEFIT PLAN RULES
The federal Departments of Health and Human Services, Labor, and Treasury recently issued a...
NEW GUIDANCE ISSUED ON SURPRISE BILLING, OUT-OF-POCKET LIMITS, AND FACILITY FEES
Late last week, the Departments of Health and Human Services, Labor, and Treasury (the...
IRS REMINDS PLAN SPONSORS OF CAFETERIA PLAN CLAIMS SUBSTATIATION REQUIREMENTS
The federal Section 125 “cafeteria plan" regulations permit health plans to reimburse...
RECENT POSTS
COMPLIANCE ALERT – CAA RxDC Filing Due June 1, 2024
This filing applies to all employers of all sizes and all funding arrangements. The next filing of the Consolidated Appropriations Act, 2021 (CAA) RxDC information is due June 1, 2024. Communications have been distributed by all insurance companies to assist with...
COMPLIANCE ALERT – ACA Electronic Filing Requirements Changes for 2024
Since 2015, employers submitting at least 250, 1095 forms to the IRS have been required to file the forms electronically. Beginning in 2024 (for the 2023 ACA reporting year) employers filing at least 10 forms with the IRS will be required to file electronically....
COMPLIANCE ALERT – 2024 Health FSA Inflation Adjustments Released
On November 9, 2023, the Internal Revenue Service issued Revenue Procedure 2023-34 that establishes various 2024 tax-related limits that have been adjusted for inflation. The table below identifies updates to the 2024 health and fringe benefit plans addressed in this...
COMPLIANCE ALERT – ACA: SIGNIFICANT DROP IN 2024 HEALTH PLAN AFFORDABLITY
The 2024 health plan affordability threshold* is dropping next year, according to the recent announcement by the IRS. This change, detailed in IRS Rev. Proc. 2023-29, marks a significant decrease in the affordability threshold compared to 2023 and is the lowest since...
SIGNIFICANT CHANGES PROPOSED TO VOLUNTARY BENEFIT PLAN RULES
The federal Departments of Health and Human Services, Labor, and Treasury recently issued a proposed regulation that would significantly change how many employer-sponsored hospital indemnity, specified disease, and other fixed indemnity insurance plans are designed....