IRS Increases Health FSA Contribution Limit for 2020, Adjusts Other Benefit Limits

IRS Increases Health FSA Contribution Limit for 2020, Adjusts Other Benefit Limits. On November 6, 2019, the Internal Revenue Service (IRS) released Revenue Procedure 2019-44, which raises the health Flexible Spending Account (FSA) salary reduction contribution limit by $50 to $2,750 for plan years beginning in 2020. The Revenue Procedure also contains the cost-of-living adjustments that apply to […]

StormChaser: Know your numbers this renewal season

Know your numbers this renewal season Lisa Allen, VP Regulatory Affairs, shares the most important numbers to remember as we enter the renewal season: 4980H penalty amounts, Premium Tax Credits, as well as “MOOP” HCHP and coverage, Minimum Deductible HDHP and HSA/FSA Contribution amounts.

Storm Chaser- Seasonal Workers/Employees

Subject:  Seasonal Workers/Employees                  Date:  May 16, 2019 The 2019 summer months are here! Employers that hire Holiday Help and any Seasonal Help for that matter, need to understand the ACA rules around Seasonal “Workers” and Seasonal “Employees” As an employer, your size – for purposes of the Affordable Care Act – is determined by the number of your employees. […]

NYS & DOL Join Forces

The NYS Attorney General (AG) and US Department of Labor (DOL) working together to uncover violations under ERISA and New York State laws applicable to employer health benefit plans! Here come the audits!!            This unique agreement increases the regulatory and prosecutorial reach of two already powerful agencies with potentially significant implications for […]

Cadillac Tax Relief

Cadillac Tax Relief Relph Benefit Advisors is a member of the IRS’s Employee Council on Flexible Compensation (ECFC) and Lisa Allen, our VP of Regulatory Affairs sits on their compliance committee which provides constructive observations regarding current or proposed IRS policies, programs, and procedures, and proposes improvements: Recently ECFC added their endorsement to a letter to Congress, along with […]

Paid Family Leave Forms Released

The Workers’ Compensation Board released 3 new Paid Family Leave (PFL) forms.  I have reviewed the forms and am providing details of each below along with a link to download each form.  We continue to monitor both the Workers’ Compensation Board and Department of Financial Services website daily so we can bring you up to […]

Patient-Centered Outcomes Research Institute Fee

Your PCORI fee is due by July 31, 2018 On October 5, 2017 the Internal Revenue Service issued Notice 2017-61 increasing the PCORI fee from $2.26 to $2.39 effective for plan years ending on or after October 1, 2017 and before October 1, 2018.

Breaking News! The Paid Family Leave rate has been released!

NYS Paid Famly Leave – We will ascertain the rule changes, clarity released from the original comment period and what this means to our clients and all NYS employers. With another 30-day comment period, we will again submit comments after a full and complete review of the revised rules.