NEWSFLASH! IRS Announces Increase to HSA Contribution Limits
Date: May 29, 2019
Topic: Benefits News, BeneTips
The IRS announced an increase to the maximum HSA contribution limits for the 2020 calendar year in Revenue Procedure 2019-25. The individual contribution limit has been raised from $3,500 to $3,550. The family contribution limit has been raised fr...
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Proposed or Not, IRS ACA Penalty Notices Warrant Call To Action
Date: May 16, 2019
Topic: BeneTips, Health Care Reform
The number of instances whereby our clients are receiving notices for alleged non-compliance with the ACA’s Employer Shared Responsibility (ESR or “pay or play”) mandate is on the rise. The most common notice being received is IRS Letter 226...
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DOL Proposes New Overtime Rule
Date: April 1, 2019
Topic: BeneTips
It may be time to sharpen your pencils (again)! The Department of Labor (DOL) has proposed an increase to the salary threshold for overtime eligibility from $23,660 per year to $35,308 per year. In turn, the proposal would expand overtime eligibil...
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New Jersey Implements First State-wide Commuter Benefits Ordinance
Date: March 27, 2019
Topic: Benefits News, BeneTips
If you are an employer who employs at least 20 people in the state of New Jersey, you are now required to offer pre-tax commuter benefits to your employees. NJ is the first state to pass such an ordinance. Though the ordinance is effective immedia...
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New Jersey Individual Mandate Latches On To Federal Reporting Obligations
Date: February 15, 2019
Topic: Benefits News, BeneTips, Health Care Reform
In late January, the state of New Jersey posted new information about its individual health insurance mandate that went into effect on January 1 of this year. Of interest to most impacted employers are the tactics and mechanics associated with h...
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New York Sexual Harassment Law Changes: Is Your Organization Ready?
Date: February 6, 2019
Topic: BeneTips, HR Consulting
On April 12, 2018, New York’s Governor Cuomo signed the state budget, which includes a mandate that employers provide employees with annual sexual harassment training. In addition, the New York State Human Rights Law has been amended to now prot...
Read More >>IRS Announces NEW FSA Maximums for 2019
Date: November 16, 2018
Topic: Benefits News, BeneTips
On Thursday, November 15, 2018, the IRS released the 2019 annual inflation adjustments. Effective January 1, 2019, the new annual Health Care FSA maximum contribution will increase to $2,700. The new monthly maximum contributions for Qualifie...
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Patient-Centered Outcomes Research (PCOR) Fee Adjustment Announced for 2019
Date: November 13, 2018
Topic: Benefits News, BeneTips
The IRS has announced the new PCOR fees for plan and policy years ending on or after October 1, 2018 and before October 1, 2019. The fee has experienced a $0.06 increase; up to $2.45 from the amount previously in effect. This fee is analyzed on...
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New ACA Regulation Proposed; IRS Releases Webpage For Letter 227 Clarification
Date: June 16, 2018
Topic: BeneTips
Expanding Mandatory Electronic Filing of Information Returns The IRS has proposed a regulation to expand the mandatory electronic filing of most information returns. Currently, the threshold that requires employers to file an information return e...
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IRS Update: HSA and HDHP Maximums
Date: May 15, 2017
Topic: Benefits News, BeneTips
Baker Tilly Vantagen is committed to sharing IRS-issued updates that impact employers and employees alike. In the ever-changing world of employee benefits, we are here to distribute the important information you need to make benefits-related d...
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