by Jay Kirschbaum | August 5, 2019 | Employer Mandate, Health Reform / ACA, Tax Issues
Recently, the ERISA Industry Committee (ERIC), an association advocating on behalf of large employers that sponsor benefits plans, sent a letter to the IRS. The letter, which addressed the penalty assessment process that has developed under the Affordable Care Act’s...
by Jay Kirschbaum | June 6, 2019 | Compliance Services, HIPAA
The headlines splashed the news about another data breach: this one from Quest Diagnostics, and just days later from LabCorp. Both reported the breaches in recent Securities and Exchange Commission filings. The filings note that a contractor of both, American Medical...
by Jay Kirschbaum | April 30, 2019 | Tax Issues
The IRS recently issued guidance regarding the tax treatment of medical premiums paid by or on behalf of a 2% shareholder in an S corporation, and particularly, whether medical premiums paid by an S-corp could be deducted by 2% shareholders who do not own the S-corp...
by Jay Kirschbaum | February 26, 2019 | Compliance Services, Health Reform / ACA
That headline might strike some as coming from The Onion because most benefits professionals assumed any plans with grandfathered status had ceased to exist. At least, it was assumed these plans were so few in number that all participants could fit in a stadium of any...
by Jay Kirschbaum | January 24, 2019 | Benefits Administration, DOL, ERISA, State and Local Issues
A recently released information letter[1] from the US Department of Labor (DOL) raises an arcane issue around wage withholding laws. It also highlights the differences between the federal and state legislative and regulatory views and makes clear the ways in which the...
