COMPLIANCE CHECK
what you need to know
PCORI Fees Reinstated Through 2029
PCORI fees were reinstated for an additional 10 years – the 2020-2029 fiscal years – with the enactment of a federal spending bill at the end of 2019. PCORI fees are reported and paid annually using IRS Form 720 and are due each year by July 31.
Form W-2 – Report the cost of health plan coverage on employees’ Forms W-2
Employers are required by the Affordable Care Act (ACA) to report the aggregate cost of employer-sponsored group health plan coverage on their employees’ Forms W-2. This reporting requirement is mandatory for large employers but optional for small employers. The deadline for Form W-2s is January 31st.
Section 6055/6056 Reporting (Paper Filing Deadline)
Internal Revenue Code Sections 6055 and 6056 require applicable large employers (ALEs) that sponsor self-insured health plans to report information about the coverage to the IRS each year. ALEs use IRS Forms 1094-C and 1095-C to meet their reporting obligations under Sections 6055 and 6056. The deadline for filing these paper forms with the IRS is February 28 of each year.
CMS Medicare Part D Disclosure
Each year, employers with health plans that provide prescription drug coverage to individuals that are eligible for Medicare Part D must disclose to the Centers for Medicare and Medicaid Services (CMS) whether the plan’s prescription drug coverage is creditable or non-creditable. The deadline for the CMS Medicare Part D Disclosure is February 29.
Summary of Material Modifications
Employers who offer group health plans that are subject to ERISA must distribute Summary of Material Modifications (SMM) for any plan changes that were adopted at the beginning of the year that are material reductions in plan benefits or services. The deadline to distribute SMMs is February 29.
Legislative compliance can be burdensome without the right partner.
JA delivers confidence and clarity in compliance through our on-staff expertise accompanied by a vast selection of resources.
How to Educate Employees on Healthcare as They Near Retirement
Bringing the knowledge of our in-house experts right to you...
- What is the difference between Medicare Part A and Medicare Part B?
- When should you enroll in Medicare?
- How do HSAs work with Medicare in regards to utilizing savings to pay for medical expenses?
When workers reach their 60s, retirement is often top of mind. While the thought of no longer having to work is exciting, figuring out all the moving parts, including your healthcare options, can be overwhelming.
This is why it’s important for employers to educate their employees as they near retirement, explained Sandi Brinson, an Account Executive and Director of HR Solutions at JA Benefits.
In this article, Sandi Brinson, an Account Executive/Director of HR Solutions at JA Benefits, gives insight on why employers should take the time to educate their employees on healthcare as they near retirement.
Live Well, Work Well
Health and Wellness Tips for your work and life
Don’t Fall Into This New Year’s Resolution Trap
According to U.S. News & World Report, 80% of New Year’s resolutions fail. One of the top New Year’s resolutions is to lose weight. Unfortunately, many people look to fad diets and weight loss products to achieve their goals quickly, however, research shows that many people don’t find long-term success with these types of diets.
It’s National Blood Donor Month
January is National Blood Donor Month. Historically, the winter season is one of the most difficult times of the year to collect enough blood products and donations to meet patient needs. While “whole blood” donations are the most common, individuals can also make platelet, power red and plasma donations.
This Superfood May Help Prevent Diabetes
A recent study found that consuming legumes (e.g., beans, lentils and peas) may help prevent diabetes. The study found that those who consumed the most legumes were 35% less likely to develop diabetes.
Positive Impact Begins With Culture Creation.
Wellness alone is not a solution. At JA, we believe that effective wellness solutions start from the top and work their way throughout the culture of your organization.
JA Dish Featuring Megan Martin
Chicken Fajita Soup and Michael's Uptown Cafe
Chicken Fajita Soup
Ingredients
- 1 can of corn
- 2 small cans of Rotel tomatoes with green chilis
- 4 cups of chicken broth
- Taco seasonings- you can make your own or use two store bought packets.
- 6 large chicken breasts
Directions
- In a large crockpot, cook on low for 4-5 hours, then shred chicken. Let it cook for 2 more hours.
- Add 2 cups of cheese and some cilantro to taste. You can also add precooked white rice at this point if you wish to add more thickness.
- Stir well and serve!
Michael's Uptown Cafe
Megan loves going to Michael’s Uptown Cafe in Bloomington, Indiana. Her favorite thing to eat there is their Spaghetti Agiala.
Monthly compliance updates, expertise and health and wellness tips - courtesy of JA BENEFITS.
