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Compliance Bulletin: IRS Allows Employers to Recover Mistaken HSA Contributions

The Internal Revenue Service (IRS) has released updated guidance regarding Health Savings Account (HSA) contributions that may qualify for recovery by the employer. Previously, the IRS released Notice 2008-59, which … Continued

Benefits Brief: Section 125 - Permitted Mid-Year Election Changes

The attached Benefits Bulletin details the rules around a mid-year change for Section 125 cafeteria plans.  Per the guidelines, there are very limited reasons to permit an employee to make … Continued

Compliance Overview: Form M-1 MEWAs and AHPs

Every year, the Department of Labor (DOL) requires administrators of certain Multiple Employer Welfare Arrangements (MEWAs) that offer medical benefits to electronically file the Form M-1. The DOL considers the Form … Continued

Cowden Times - Volume 19

Inside This Issue Cowden NewsCompliance Overview: Key HSA Features – 2019 ComplianceBenefits Brief: 2019 Health Plan Compliance CalendarIndustry NewsACA Compliance Bulletin: Impact of Individual Coverage on the ACA’s Pay or … Continued

Compliance Bulletin: Medicare Part D Disclosures Due by March 1, 2019 for Calendar Year Plans

Each year, sponsors of group health plans are required to indicate to the Centers for Medicare & Medicaid Services (CMS) whether their plan’s prescription drug coverage is creditable or non-creditable. … Continued

New 401(k) Could Be Windfall for Small Businesses, Workers

Forty years ago, Congress passed the Revenue Act of 1978 and added a single paragraph marked “(k)” to another wise yet obscure section of the Internal Revenue Code.Read Article Here

ACA Compliance Bulletin: ACA Individual Mandate Penalty No Longer Applies

On December 22, 2017, the Tax Cuts and Jobs Act was signed into law. With this act, the individual shared responsibility (or individual mandate) penalty under the Affordable Care Act … Continued

Compliance Overview: Key HSA Features - 2019 Compliance

A Health Savings Account (HSA) is a type of medical savings account that has become popular due to the tax-advantages it provides for those enrolled in a High Deductible Health … Continued

Benefits Brief: 2019 Health Plan Compliance Calendar

The attached Benefits Bulletin details important deadlines for upcoming 2019 deliverables.  This document outlines various important benefits compliance dates beginning January 31, 2019 when employers that filed 250 or more … Continued

ACA Complianace Bulletin: Health FSA Limit Will Increase for 2019

The Internal Revenue Service (IRS) has increased the dollar limit on employee contributions to health Flexible Savings Accounts (FSAs). Beginning in 2019 the FSA contribution limit is $2,700. Employers should … Continued