Compliance Alert 3/2/15




IRS Issues Guidance on Cadillac Tax


The IRS issued Notice 2015-16; which is intended to initiate and inform the process of developing regulatory guidance regarding the excise tax on high cost employer-sponsored health coverage under § 4980I of the Internal Revenue Code (Code). Section 4980I, which was added to the Code by the Affordable Care Act, applies to taxable years beginning after December 31, 2017. Under this provision, if the aggregate cost of "applicable employer-sponsored coverage" (referred to in this notice as applicable coverage) provided to an employee exceeds a statutory dollar limit, which is revised annually, the excess is subject to a 40% excise tax.

Compliance Corner 2/25/15 Edition

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In this Issue:

CMS Issues Final Notice of 2016 Benefit and Payment Parameters, Including 2016 Reinsurance Contribution Amount and Out-of-Pocket Maximums

IRS Issues Temporary Relief Related to Employer Payment Plans

DOL Releases Guidance on Excepted Benefits

Third Circuit Reverses Injunctions Barring Application of HHS Contraceptive Accommodation

IRS Releases Publication 5196: Getting Ready for Monthly Tracking

IRS ACA Information Page: Types of Employer Payments and How They Are Calculated

CMS Announces New Special Enrollment Period and a Limited Enrollment Extension

Forest Financial Group is Hiring!

Forest Financial Group is excited to announce that we are currently hiring for two postions, a Client Manager and a Benefits/Financial Analyst. If you or someone you know is interested in applying for one of these posistions, please go to our Career Opportunities page or click here for more information.

March Lifestyle & Wellness Newsletter

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March Wellness Newsletter printable version!

Compliance Corner 2/10/15 Edition

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In this Issue:

IRS Finalizes Health Coverage Information Reporting Forms for Sections 6055 and 6056 Reporting

IRS Provides Penalty Relief Relating to 2014 Advance Payments of the Premium Tax Credit

IRS Publishes Small Business Health Care Tax Credit Fact Sheet

IRS Publishes Instructions for Form Insurers Use to Pay Health Providers Fee

New Federal Poverty Level Figures Published

IRS Releases Two Information Letters Reinforcing Inability of Employers to Reimburse Individual Policy Premiums

U.S. Supreme Court Rejects Presumptions Favoring Vested Retiree Health Benefits

Industry Update 2/5/15






Please be aware that there was a large scale data breach at Anthem Inc. Anthem operates health plans under numerous brands:

Anthem Blue Cross
Anthem Blue Cross and Blue Shield
Blue Cross and Blue Shield of Georgia
Empire Blue Cross and Blue Shield

BCBS Illinois has NOT been affected by this data breach.

We want you to have as much information as is available at this time. We do not have any information beyond what is currently being covered in the media or being provided by Anthem.

Compliance Corner 1/28/15 Edition

February Lifestyle & Wellness Newsletter

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February Wellness Newsletter printable version!

Compliance Corner 1/14/15 Edition

January Lifestyle & Wellness Newsletter

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January Wellness Newsletter printable version!