health and benefits updates

Temporary Enforcement Policy for Health Plan Disclosures

The DOL’s EBSA released Field Assistance Bulletin (FAB) 2021-03 announcing a temporary enforcement policy regarding group health plan service provider disclosures under ERISA Sec. 408(b)(2)(B).

FuturePlan ERISA Team

Health and Welfare

IRS Releases PCORI Fees for Health Insurance Policy

The IRS has issued Notice 2022-04, providing the adjusted applicable dollar amount to be multiplied by the average number of covered lives.

FuturePlan ERISA Team

Health and Welfare

IRS Posts 2021 Form 8889 for HSA Reporting

The IRS has posted the 2021 tax year Form 8889, Health Savings Accounts (HSAs).

FuturePlan ERISA Team

Forms and Publications

Health and Welfare

IRS Posts Instructions for Affordable Care Act Reporting

The IRS has posted 2021 detailed instructions for reporting information related to compliance with the Affordable Care Act (ACA).

FuturePlan ERISA Team

Health and Welfare

2022 Reporting Instructions for HSAs and MSAs

The IRS has posted 2022 Instructions for Forms 1099-SA and 5498-SA.

FuturePlan ERISA Team

Government Savings

Health and Welfare

Forms and Publications

Savings

Individual

IRS Guidance on Information Reporting of Health Insurance Coverage

The Department of the Treasury has released a NPR entitled, “Information Reporting of Health Insurance Coverage and Other Issues Under Internal Revenue Code Sections (IRC Secs.) 5000A, 6055, and 6056”.

FuturePlan ERISA Team

Health and Welfare

IRS Guidance

IRS Posts 2021 Form 5329

The IRS has posted the 2021 tax year Form 5329, Additional Taxes on Qualified Plans (Including IRAs) and Other Tax-Favored Accounts.

FuturePlan ERISA Team

Government Savings

Forms and Publications

Retirement

Employer

Savings

Individual

IRS Posts 2022 Form 5498-SA for HSA, MSA Reporting

The IRS has posted at its website the 2022 tax year version of Form 5498-SA.

FuturePlan ERISA Team

Health and Welfare

Forms and Publications

Savings

Individual

2022 Amounts Released for Health and Welfare Benefits

The IRS has issued Revenue Procedure (Rev. Proc.) 2021-45, which contains cost-of-living adjustments for taxable years beginning in 2022 for over 60 tax provisions.

FuturePlan ERISA Team

Health and Welfare

IRS Guidance

IRS Releases Forms 1094-C, 1095-C

IRS Form 1095-C, Employer-Provided Health Insurance Offer and Coverage, is used annually by an applicable large employer (ALE) to report health coverage offered to employees.

FuturePlan ERISA Team

Health and Welfare

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