From policy reminders to breaking news on the federal and state level, we keep our clients and partners updated on the topics that matter in healthcare, wellness and employee benefits.
Frequently Asked Questions
Does gaining eligibility for Medicare or Medicaid create a qualifying event that allows an employee to add or drop employer coverage?
If the group allows pre-tax salary reductions, then the Section 125 cafeteria plan regulations limit an employee’s ability to make changes to their elections midyear. They may only do so upon the occurrence of a qualifying event. There are two types of…Read More »
We have seasonal and temporary employees. When do we have to offer benefits to these employees?
Generally, an employee who is hired to work 30 or more hours per week is considered full-time and therefore must be offered coverage under the employer mandate. This would also include even a temporary, contract or short-term employee if they are working…Read More »
Does the actual cost of group term life coverage matter when determining the amount of imputed income?
No. If the aggregate death benefit payable on all employer-provided group term life insurance (GTLI) during a period of coverage (usually one month) exceeds $50,000, the actual cost of the coverage does not matter when calculating the imputed income amount. If the…Read More »
If an employee failed to establish an HSA in 2018, but was otherwise HSA-eligible in 2018, can the individual (or the employer on their behalf) make 2018 HSA contributions in 2019?
The short answer is yes. Generally speaking, contributions can be made to an HSA up until the due date of the individual’s (employee’s) federal income tax return for that particular year. That means for 2018 contributions, individuals can contribute to their HSA…Read More »
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