Bulletins

Annual PCORI fee due July 31

Employers who are responsible for paying the annual Patient-Centered Outcomes Research Trust Fund fee should use the updated Form 720. The fee, a provision of the Affordable Care Act, funds the Patient-Centered Outcomes Research Institute (PCORI), which aims to help patients better understand...

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Blue KC to require electronic billing August 1

Starting August 1, Blue Cross Blue Shield of Kansas City (Blue KC) will issue all monthly invoices using an electronic billing system. Invoices can be accessed and paid using electronic funds transfer (EFT) through BlueKC.com.

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2019 HSA contributions released by IRS

The IRS has announced the 2019 HSA maximum contribution limits detailed in the newly released Revenue Procedure 2018-30. HSA contribution and plan limits will increase to $3,500 for self-only coverage and $7,000 for family coverage. Changes to these limits will take effect January 2019.

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IRS announces relief for 2018 HSA family contributions

The IRS announced on Thursday, April 26, that it’s modifying the annual limitation on 2018 HSA family contributions. Under Rev. Proc. 2018-27, taxpayers will be allowed to treat $6,900 as the annual limitation for 2018, as opposed to the $6,850 limitation announced earlier this year.

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New labor law posters and forms

At the start of each year it’s a good practice to verify that you’re using the most current state and federal labor law posters and IRS employment-related forms. Employers should display posters in a conspicuous location on the employer’s premises.

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EEO-1 Report deadline March 31

The EEO-1 Report is required to be filed with the U.S. Equal Employment Opportunity Commission (EEOC) each year for employers with 100 or more employees. The report requires employers to provide employment data by race/ethnicity, gender and job categories. Traditionally the annual reporting...

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FIDUCIARY RULE AT STANDSTILL

In a 2-to-1 decision, the 5th Circuit Court of Appeals reversed a lower court 2016 decision that upheld the Department of Labor’s (DOLs) fiduciary rule. The rule extended the fiduciary definition defined in the Employee Retirement Income Security Act (ERISA) that applies to the retirement plan...

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KCMO PASSES BAN-THE-BOX ORDINANCE

Earlier this year, the Kansas City, Mo., City Council passed an ordinance restricting an employer’s ability to ask about and use a job applicant’s criminal record information. The ordinance becomes effective on June 9, 2018. The ordinance applies to private employers with six or more employees...

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IRS LOWERS 2018 HSA FAMILY CONTRIBUTIONS BY $50

The 2018 health savings account (HSA) contribution, allowed for those enrolled in a high-deductible health plan (HDHP) other than self-only coverage, was lowered to $6,850 from $6,900. The change was announced in the IRS Internal Revenue Bulletin No. 2018-10. There was no change to the $3,450...

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IRS INCREASES 2018 PENALTIES FOR NONCOMPLIANCE

The employer shared responsibility penalties (ESRPs) for 2018 are $2,320 and $3,480 per employee. The $2,320 penalty is applied should an applicable large employer (with 50 or more full-time-equivalent employees) not provide minimum essential coverage to at least 95% of benefit-eligible,...

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