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IRS to Begin Mailing "Pay or Play" Penalty Letters
The IRS has announced that it will begin mailing employers letters informing them of their potential liability for a "pay or play" penalty for the 2015 calendar year in late 2017. This letter (Letter 226J) is designed to let ALEs know they may owe a penalty payment, and allows them to respond (agree or disagree) before any actual payments are due. See a sample letter, plus learn about options for responding, response due dates, payment procedures and more in our full article...
IRS Announces Increase for 2018 Health FSA Contribution Maximum
The IRS recently announced the annual inflation adjustment for flexible spending accounts (FSAs) for the 2018 tax year. The 2018 dollar limitation for contributions to health FSAs is slightly higher than the current maximum, while the 2018 Dependent Care FSA maximum annual contribution will remain the same. Read more for details...
Education Proves Effective as TPA Helps Employer Groups Reduce Dialysis Care Spending by Nearly $5 Million
To address the rising number of kidney disease cases and mounting cost of care, Cypress Benefit Administrators offers employer-clients two programs that emphasize education. These efforts have resulted in $4.9 million in savings related to dialysis treatment to date, better disease management and healthier outcomes. Read the full release...
Recent Questions Answered:
Do companies realize the substantial health plan savings promised when moving to a large carrier? See Tom's Take