Indefinite Suspension of the New EEO-1 Report

The Office of Management and Budget’s Office of Information and Regulatory Affairs (OIRA) has indefinitely suspended the revised EEO-1 Report’s compliance date.  Major criticisms of the new format, including the large cost of compliance along with the lack of privacy safeguards precipitated its suspension.  Private-sector employers and covered federal contractors will not be required to … Continued

Compliance Report: Summary of Senate GOP Health Reform Bill

Details of the Senate’s GOP health reform bill, the “Better Care Reconciliation Act of 2017”,  were released yesterday.  After much speculation we finally have a good idea of what GOP leadership in the upper house would like to see change. Majority Leader Mitch McConnell intends to push the bill through for a vote by the … Continued

Compliance Alert: The American Health Care Act Passes the House

Advocates of the initiative to replace the Affordable Care Act (ACA) are pleased that the House Republicans were able to pass the American Health Care Act (AHCA). While getting the bill approved in the House is a big accomplishment, and one that GOP leadership can legitimately celebrate, it is important to understand that this is … Continued

IRS Provides FAQ Guidance for Form 1095-C

A new FAQ that addresses the reporting of COBRA coverage on the 1095-C employee statement has been issued by the Internal Revenue Service. The FAQ stresses an offer of COBRA coverage to a current employee due to a reduction in hours is reported differently than an offer of COBRA coverage to a former employee. We … Continued

IRS Form for excluding employer-provided adoption benefits released

The IRS released 2014 Form 8839 for claiming employer sponsored adoption benefits. Plan sponsors providing a qualified adoption assistance program should note: Maximum adoption credit and exclusion amounts adjusted to reflect 2014 values ($13,190 per eligible child). The credit and exclusion begin to be phased out for individuals with modified adjusted gross incomes greater than … Continued

IRS Allows Additional Election Changes for Health Coverage Under Cafeteria Plans

The IRS has expanded its mid-year election change rules to permit two additional situations in which participants can drop their employer’s health plan coverage. As of September 18, 2014, Cafeteria Plans (or Section 125 Plans) may be amended so that employees are permitted to drop their group health coverage in the following situations: Reduction in … Continued