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2019 'Pay or Play' Affordability Percentage Set at 9.86%
Under the employer shared responsibility ("pay or play") provisions of the ACA, some employers may be subject to a penalty if they do not offer affordable coverage. For plan years beginning in 2019, the IRS has announced that coverage will generally be considered affordable if the employee's required contribution for the lowest-cost, self-only health plan offered is 9.86% or less of his or her household income for the taxable year. Learn more about which employers these rules apply to, affordability safe harbors and more in our full article...
REMINDER: PCORI Fees Due July 31
Employers that sponsor certain self-insured health plans are required to report and pay Patient-Centered Outcomes Research Institute (PCORI) fees. Fees for plan years that ended in 2017 are due July 31, 2018. For more information on who is required to pay, calculation of fees, and access to reporting forms and instructions, see last month's full article....
Average Health Plan Cost Goes Up Less than 1% for Cypress Employer-Clients
Cypress Benefit Administrators has released its annual cost trends data for 2017. The third party administrator was able to contain its average plan cost increase to .69%, keeping its average Per Employee Per Year increase to just $68 versus $972 nationally. For more details, read the full release...
Recent Questions Answered:
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