Changes to the ACA Affordability Standard for 2020

AdminBlog, Health & Welfare, Multiemployer / Taft-Hartley Plan, Private Self-Funded Health Plan

Recently, the IRS issued Revenue Procedure Bulletin 2019-29, which decreases the affordability percentage under the Employer Mandate. The “affordability standard” is a component of ACA that is frequently overlooked. Employers should be reassessing their employee contribution structure annually to ensure compliance and avoid costly penalties (see below for updated penalty amounts). In order to determine affordability, the IRS sets an … Read More

IRS Announces 2019 Healthcare Flexible Spending Arrangement (FSA) Contribution Limit

AdminBlog, Health & Welfare, Multiemployer / Taft-Hartley Plan, Private Self-Funded Health Plan

The Internal Revenue Service (IRS) has announced that the 2019 limit on employee pre-tax FSA healthcare contributions will rise to $2,700, up from $2,650 in 2018. Revenue Procedure Bulletin 2018-57 provides the details of this and approximately fifty other tax-related annual inflation adjustments. The dependent care FSA maximum, which is set by statute and not subject to inflation-related adjustments, will … Read More