Millerkaplan.com

Is an HSA Right For You

WebTo help defray health care costs, many people now contribute to, or are thinking about setting up, Health Savings Accounts (HSAs). With these accounts, individuals can pay for certain medical expenses on a tax advantaged basis.

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URL: https://www.millerkaplan.com/knowledge-center/is-an-hsa-right-for-you/

Applicable large employers: Determine the “affordability” of your …

WebEarlier this year, the IRS released Revenue Procedure 2023-29, in which it announced an important indexing adjustment to the Affordable Care Act (ACA).

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Employers: Will your health insurance be “affordable” in 2022

WebIn Revenue Procedure 2021-36, the IRS recently announced an important indexing adjustment related to the Affordable Care Act (ACA). Now is a good time to review whether your organization is an applicable large employer (ALE) under the ACA and, if so, whether the health care coverage you offer employees will still be considered …

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“Family glitch” update: IRS revises recent ACA-related guidance

WebUnder the Affordable Care Act (ACA), applicable large employers (ALEs) must offer minimum essential health care coverage that’s affordable and provides minimum value to full-time employees and their dependents.

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Employees: Don’t forget about your FSA funds

WebMany employees take advantage of the opportunity to save taxes by placing funds in their employer’s health or dependent care flexible spending arrangements (FSAs).

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IRS information letters share helpful details on HDHPs + HSAs

WebMany employers have found value in combining a high-deductible health plan (HDHP) with a Health Savings Account (HSA). The IRS recently published two information letters — Letter 2021-0008 and Letter 2021-0014 — that provide some helpful details on the applicable rules.

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Supplementing your company’s health care plan with an EBHRA

WebIs your business ready to take its health care benefits to the next level? One way to do so is to supplement group health coverage with an Excepted Benefit Health Reimbursement Arrangement (EBHRA).

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Cost containment: An important health care benefits objective for

WebAs the Fed continues to do battle with inflation, and with fears of a recession not quite going away, companies have been keeping a close eye on the costs of their health insurance and pharmacy coverage.

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Counting Your Employees for ACA Compliance Purposes

WebIt seems like a simple question: How many full-time workers does your organization employ? But, when it comes to the Affordable Care Act (ACA), the calculation can be complicated — and the answer is important.

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Are COVID-19 testing and vaccination programs subject to ERISA

WebAs of this writing, many public health experts are cautiously optimistic that cases, hospitalizations and deaths related to COVID-19 will continue to trend downward or at least remain at manageable levels in most areas.

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Determining eligibility for HIPAA administrative simplification

WebJune 1, 2021. A health care plan with fewer than 50 participants that’s administered by a sponsoring employer may have fewer compliance hassles. That’s because it’s excluded from the definition of a “group health plan” under administrative simplification provisions of the Health Insurance Portability and Accountability Act (HIPAA).

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How HIPAA applies to COVID-19-related temp checks and info …

WebTo cope with the COVID-19 crisis, many employers are taking employees’ temperatures and asking them general health-related questions as they report to work.

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Agencies issue final regs addressing a COVID-19 vaccine and more

WebThe IRS, U.S. Department of Labor and Department of Health and Human Services recently issued interim final regulations addressing group health plan coverage of COVID-19 preventive services — including vaccinations — and testing.

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Wellness Programs Are Subject to Many Federal Laws

WebAt the beginning of the year, many people make resolutions about improving their physical fitness and overall well-being. Employers may seek to give these goals a boost in the longevity department by offering an employee wellness program.

Category:  Fitness Go Health

A Refresher on The ACA’s Tax Penalty on Those Without Health …

WebNow that Affordable Care Act (ACA) repeal and replacement efforts appear to have collapsed, at least for the time being, it’s a good time for a refresher on the tax penalty the ACA imposes on individuals who fail to have “minimum essential” health insurance coverage for any month of the year.

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EEOC updates guidance on employer COVID-19 vaccine incentives

WebThe U.S. Equal Employment Opportunity Commission (EEOC) recently updated its guidance on employer incentives related to encouraging employees (and their family members) to get vaccinated against COVID-19.

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Imposing Health Care Plan Waiting Periods on Rehired Employees

WebIt’s not uncommon for employers in some industries and localities to occasionally rehire a previously terminated employee. Should such a situation occur, you may wonder how to properly handle the waiting period typically imposed on new hires preceding their eligibility for health care benefits.

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How the CARES Act affects employer-sponsored benefits

WebBy now, most employers have presumably read up on the basic tax relief and financial assistance aspects of the Coronavirus Aid, Relief, and Economic Security (CARES) Act.

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COBRA provisions play critical role in COVID-19 relief law

WebDuring the COVID-19 pandemic, many employees and their families have lost group health plan coverage because of layoffs or reduced hours. If your business has had to take such steps, and it’s required to offer continuing health care coverage under the Consolidated Omnibus Budget Reconciliation Act (COBRA), the recently passed …

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The Importance of Proper Insurance Coverage

WebWhen creating a comprehensive financial plan, many customers overlook the importance of insurance coverage. Insurance is fallback protection, a safety net against the unexpected costs of accidents, illness, disability or disaster.

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Consulting Services

WebBacked by more than 75 years of experience, our consultants provide sound strategies, diverse perspectives, and comprehensive advice to deliver proven results for you. We have a team of trusted advisors who understand your industry and are ready to provide you with tax and other consulting services for projects including remediation, risk

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Understanding the terms of health care directives

WebEstate planning experts usually cite the need to include advance health care directives in a comprehensive estate plan. But there may be different legal names given to those directives, depending on one’s jurisdiction.

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