Bulletins

    New Form I-9 to be released August 1

    The U.S. Citizenship and Immigration Services (USCIS) announced it will release a new Form I-9 with an August 1 effective date. The current 2019 version can continue to be used through October 31. Bukaty Companies will release the updated form once available.

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    IRS releases updated Form 720

    Last week, Bukaty Companies issued information concerning the July 31 Patient-Centered Outcomes Research Institute (PCORI) fee deadline, acknowledging the IRS hadn’t updated Form 720 to reflect the $3 fee applicable to some plan years. Yesterday, the updated Form 720 was released.

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    Humana reaches agreement with UnitedHealthcare

    Four months following Humana’s announcement that the carrier is exiting the employer group commercial medical business, Humana and UnitedHealthcare (UHC) announced an agreement that will enable Humana’s group customers to select a UHC plan upon the current plan’s expiration or non-renewal. Groups...

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    PCORI fee July 31 deadline approaching

    Each year self-funded plan sponsors must file the Patient-Centered Outcomes Research Institute (PCORI) fee. Applicable employers should use one of four methods to calculate the amount owed and submit the required fee to the IRS using Form 720 by July 31. Detailed guidance on completing Form 720 can...

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    DOL releases two new labor law posters

    The U.S. Department of Labor (DOL) recently released updated posters summarizing employee rights under the Fair Labor Standards Act (FLSA) and Family and Medical Leave Act (FMLA).

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    2024 HSA and HDHP limits set by the IRS

    The Internal Revenue Service (IRS) outlined the 2024 health savings account (HSA) contribution limits in a recent announcement, noting some of the largest increases within recent years. Contribution limits for HSAs are updated annually. Effective January 1, 2024, individuals with self-only coverage...

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    IRS increases employer mandate penalties for 2024

    The IRS recently released Revenue Procedure 2023-17, increasing the annual penalty for employers responsible for providing health insurance coverage to full-time employees as required by the Affordable Care Act (ACA). The coverage requirement is referred to as the employer mandate and applies to...

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    Federal judge strikes down some ACA preventive care requirements

    Since the 2010 passage of the Affordable Care Act (ACA), non-grandfathered health plans and health insurers have been required to provide most preventive care services with no cost sharing. Last Thursday a Texas federal judge ruled that employers cannot be required to provide specific preventive...

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    Medicaid eligibility review will cause millions to lose coverage

    The Families First Coronavirus Response Act (FFCRA), adopted in March 2020, provided a package of relief programs to help individuals and families affected by the COVID-19 public health emergency.

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    IRS to require e-filing for most employers

    Starting in January 2024, a new IRS final rule will require information returns of 10 or more be filed electronically, eliminating the option for most smaller organizations to submit returns by mail. For decades, and through the end of the 2023 calendar year, the threshold requiring an entity to...

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