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The Affordable Care Act (ACA) benchmark for determining the affordability of employer-sponsored health coverage will decrease to 9.61% of an employee’s household income for the 2022 plan year – a small decrease from the 2021 level of 9.83%.
Exercising and maintaining a healthy diet are the most common New Year’s resolutions. And while sticking with these commitments in any year is challenging, amid a pandemic, it can be even harder for employees. To help, here are five things to consider off
The IRS recently announced cost-of-living adjustments to the applicable dollar limits for various employer-sponsored welfare plans for 2022. Some of the dollar limits currently in effect for 2021 will remain the same, but most limits will have minor incre
On November 22, the IRS granted a 30-day extension of time to furnish 2021 Forms 1095-B and -C to employees – making the deadline March 2, 2022. The IRS issued new proposed regulations that would make the extension permanent. The guidance also reiterates
In the Federal Register published November 15, 2021, the Department of Health and Human Services (HHS) finalized provisions of a final rule that adjusts for inflation of the maximum civil penalty amounts for all agencies within HHS and updates required an