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Download the Annual Compliance Deadlines List

Jan 24, 2023 | Affordable Care Act, Compliance, Forms, IRS, Medicare, PCORI, Reporting

To keep you “in the know” about mandatory regulatory due dates for health plan sponsors, the MedBen Compliance team recently compiled a “Self-funded Plan Sponsors Annual Compliance Deadlines” list. We encourage you to download this document and...

IRS Expands Change-in-Status Rules for Cafeteria Plans

Jan 4, 2023 | Affordable Care Act, Cafeteria plans, Consumer-driven Health Plans, Health insurance exchanges, IRS

Once again, the IRS is seeking to increase access to federal Health Insurance Exchange coverage… this time, by offering greater flexibility to sponsors of cafeteria plans.  As explained in Notice 2022-41, the IRS has expanded the change-in-status rules for...

IRS Issues Final Rule to Grant Automatic Extensions for 1095 Reporting

Dec 23, 2022 | Affordable Care Act, Compliance, IRS, Regulatory

First, the good news: Just in time, the IRS has issued a final rule making permanent the automatic 30-day extension deadline to furnish employees their Affordable Care Act (ACA) 1095 forms. The final rule (Information Reporting of Health Insurance Coverage and...

It’s Time to Prepare for Filing Your 1095s

Nov 28, 2022 | Affordable Care Act, Compliance, Form 1094, Form 1095, IRS, Regulatory

Now is the time for self-funded employers to start thinking about and complying with a critical health care reform mandate: Providing the IRS with an accurate accounting of health coverage for full-time employees via IRS Forms 1094 and 1095. Per the Affordable Care...

Health FSA Contribution Max Jumps $200 in 2023

Oct 31, 2022 | Flexible spending accounts (FSAs), Health flexible spending account (FSA), IRS, Qualified small employer health reimbursement (QSEHRA), Qualified transportation fringe benefits

The IRS has announced 2023 cost-of-living adjustments for health flexible spending accounts (FSAs) and other tax provisions related to consumer-driven plans. The maximum voluntary employee salary reduction contribution to Health FSA gets a $200 bump, reflecting...

IRS Announces 2022 Cost-of-Living Adjustments for Health FSAs, Small Employer HRAs

Nov 10, 2021 | Consumer-driven Health Plans, Flexible spending accounts (FSAs), Health reimbursement arrangements (HRAs), IRS

The IRS has announced 2022 cost-of-living adjustments for certain tax provisions related to consumer-driven plans: The limit on voluntary employee salary reduction contributions to a health flexible spending account (FSA) increases $100 from 2021 to $2,850. The...
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