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
What should employers consider with respect to the Summary Annual Report (SAR)? To whom and how must it be distributed, and when is it due?
The SAR is an annual summary of the latest Form 5500 for a group health plan. So, a SAR is required only where the plan is subject to Form 5500 filing requirements. If a plan isn’t required to file a Form 5500,…Read More »
If an employee experiences a qualifying event, do they have the right to switch benefit plan options (for example, from HMO to HDHP)?
The answer depends upon which qualifying event is involved, but yes, the employee has the right to switch benefit plan options under certain circumstances. As a reminder, when an employer offers coverage through a Section 125 cafeteria plan, employee elections cannot be…Read More »
What is IRS Letter 5699, and what are the penalties for not filing appropriate reports (Forms 1094-C and 1095-C) with the IRS?
Some employers have been receiving IRS Letter 5699, which is a letter from the IRS inquiring about an employer’s informational reporting forms (Forms 1094-C and 1095-C), which may have been due in past years. As background, under the employer mandate and the…Read More »
What is the General Data Protection Regulation (GDPR)? To whom does it apply and what does it require?
The General Data Protection Regulation (GDPR) is a law adopted in the European Union (EU) which took effect on May 25, 2018. GDPR seeks to protect the personal data of EU data subjects (citizens and residents) and affords privacy protection for such…Read More »
- No PDF File Here