Bulletins

IRS announces 2021 HSA limits

Contribution limits for 2021 Health Savings Accounts (HSAs) will increase $50 for self-only coverage and $100 for family coverage, the IRS recently announced. HSA contribution and plan limits will increase to $3,600 for self-only coverage and $7,200 for family coverage. Changes to the limits are...

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IRS grants section 125 plan flexibility

Traditionally, section 125 plan elections are irrevocable for a plan year unless a participant experiences a qualifying event. In response to the pandemic, the Internal Revenue Service (IRS) released three notices that provide flexibility through December 31, 2020, concerning

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Aetna expands preventive care coverage

In response to IRS guidance issued in 2019, Aetna will expand coverage for four additional preventive care services covered by a qualified high deductible health plan (QHDHP) before meeting a deductible. The preventive services will also apply to all plans that apply a deductible to the services...

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Blue KC updates prescription drug list

Effective July 1, Blue Cross Blue Shield of Kansas City (Blue KC) will utilize an updated prescription drug list. The updates affect  (HMO), BlueSelect Plus (PPO), Preferred-Care (PPO) and Preferred-Care Blue (PPO) plan members. However, there may be group-specific exclusions.

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Aetna announces prescription drug list changes

Effective July 1, 2020, Aetna will change the formulary drug list for its Value Plus and Advanced Control-Aetna pharmacy plans. The Aetna Standard formulary for self-insured members remains unchanged. Aetna reviews and changes drug lists quarterly.

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Department of Homeland Security (DHS) provides Form I-9 flexibility

In response to the COVID-19 outbreak, the DHS announced it will relax the longstanding requirement that employers physically evaluate employee-provided documentation needed to complete Form I-9s. The relaxed guidelines are in effect 60 days from the March 20 announcement date, or three days...

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Federal income tax filing due July 15

The Treasury Department and IRS announced that April 15, the traditional federal income tax filing due date, is extended until July 15, 2020, amidst the coronavirus (COVID-19) outbreak. This is an automatic change for all taxpayers, including individuals, trusts and estates, corporations,...

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Understand 2020 Form W-4 changes

The IRS released the 2020 Form W-4 in December, which replaced the familiar method of withholding allowances. Rather than list a withholding number (e.g., zero, one, two), employees now provide requested cost estimates for children and other dependents, as applicable.

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DOL releases additional information on small business FFCRA exemption

Within the Families First Coronavirus Response Act (FFCRA), which takes affect today, there is an exemption option for employers with fewer than 50 employees whose business viability would be impacted due to the FFCRA employer requirements.

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DOL releases required FFCRA model notice

As part of the Families First Coronavirus Response Act (FFCRA), employers with fewer than 500 employees must post a Department of Labor (DOL) model notice informing employees of their rights to emergency paid sick leave and emergency paid family and medical leave for reasons linked to COVID-19.

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