healthcare-reform
CA Healthcare Legislation

Compliance Alert – HSA Requirements—2018

HSA Requirements—2018   Issue Date: May 2017 Last week the IRS released the 2018 health savings account (HSA) annual contribution limits, as well as the corresponding high-deductible health plan (HDHP) deductible and out-of-pocket (OOP) maximum requirements, in IRS Rev. Proc. 2017-37—https://www.irs.gov/pub/irs-drop/rp-17-37.pdf. All amounts have increased slightly from those in place for 2017. Below are the […]

healthcare-reform
CA Healthcare Legislation

Compliance Alert: The IRS Has Released New Forms on Health FSA Limits and Employer Reporting

LISI would like to make you aware of the following recent IRS updates.  Please contact your LISI Sales Representative for any questions you may have. Employer Reporting 2016 FINAL Forms & Instructions The IRS has released the 2016 final forms and instructions for the ACA employer reporting requirement.  The final forms are almost identical to the draft […]

General News, Healthcare Reform

Final 2016 Forms and Instructions for IRS Reporting Requirements

On October 3, 2016, the Internal Revenue Service (IRS) released final 2016 Forms 1094-C and 1095-C and their accompanying instructions. These forms and instructions will be used for Affordable Care Act (ACA) Applicable Large Employer reporting (for compliance with the ‘employer mandate’) and self-insured large group Minimum Essential Coverage (MEC) reporting for coverage offered in […]

CA Healthcare Legislation

California Law Requires Notice of Eligibility for Earned Income Tax Credits

New Law Effective January 1, 2017 A new California law requires employers to provide written notice to employees of their potential eligibility for both the federal and California Earned Income Tax Credits (EITCs). Requirements The new legislation requires an employer to notify all employees that they may be eligible for the federal and the California […]