Monthly Archives:   November 2017

2018 Cost of Living Adjustments

On October 19, 2017, the IRS released cost of living adjustments for 2018 under various provisions of the Internal Revenue Code (the Code). Some of these adjustments may affect your employee benefit plans. For more information click here...

Medicare Part D Disclosure

Medicare Part D imposes disclosure requirements, on an annual basis, for employers whose health plans provide prescription drug coverage to Medicare-eligible individuals. Group health plans—or entities that offer prescription drug coverage on a group basis to active and retired employees and to Medicare Part D eligible individuals—must provide, or arrange...

Attention Payroll Clients

On December 22, the House and the Senate signed into law the H.R. 1, the Tax Cuts and Jobs Acts. This new act has many changes that will impact payroll tax withholdings. Although, new federal income tax tables and rates will take effect on January 1, 2018, the IRS has...

IRS FAQ’s on 2015 Employer Penalty Payments

Recently, the Internal Revenue Service (“IRS”) issued additional FAQs regarding the Employer Shared Responsibility Payment (an assessment under the employer mandate). This update to the existing FAQs on the employer-shared responsibility requirement offers the first real guidance on the process of notification and assessment of any employer mandate penalties.   Click...

Open Enrollment Reminder

Don’t forget that today begins the 2018 Individual Open Enrollment Period. This enrollment period runs until December 15, 2017. We are also in the middle of the Medicare Open Enrollment Period. Medicare open enrollment began on October 15, 2017 and runs until December 7, 2017. If you have any questions...