Why do plans need wrap documents?
Wrap documents are generally used for either (or both) of the following reasons:
Supplement already-existing documentation to meet ERISA plan documentation requ...
New IRS Filing Requirement for ACA Reporting
The IRS is changing electronic filing requirements for ACA and other required reporting in 2024.
While Amwins Connect originally reported this new re...
Guide to HIPAA Business Associates and Agreements
When is a Business Associate Agreement Required?
Part of any HIPAA compliance project involves the process of reviewing existing vendor relation...
Reminder – 2023 Penalties for 1094/1095C Late Filing
Just a friendly reminder there are penalties for filing 1094/1095 statements late with the IRS, for filing incorrect forms, or for not filing at...
When is a Schedule C Required for a 5500 Filing?
July 2023
Does a company with more than 100 employees that offers a medical plan need to complete and file a Schedule C with the annual 5500 fi...
California Changes the Definition of 'Outbreak' in Non-Health Care Settings
On June 20, 2023, the California Department of Public Health (CDPH) updated its COVID-19 public health order and guidance...
Refresher on Those Events Permitting Election Changes Mid-Plan Year
July 2023
The Group Health Plan may be drafted to permit an individual to change an election mid-year based on a permitted eve...
Tax Treatment of Certain Wellness Arrangements
July 2023
The IRS recently released Memorandum Number 202323006 (“the Memo”) which addresses the tax treatment of arrangements that claim to offer ...
Updates to the End of the National and Public Health Emergencies
July 2023
Background
Over the course of the last three years, the US has been operating under two separate legal emergencies ...
HSA-Eligibility - Relief Ending for COVID-Related Expenses
June 2023
As the various COVID-related requirements and delays for group health plans are coming to an end, the IRS provided guidance l...
A Reminder on Reporting PCORI Fees to the IRS
June 2023
Fully insured carriers and most self-insured health plan sponsors must pay annual Patient Centered Outcomes Research Institute (PCORI) fee...
Health Benefits for Different Classes of Employees
Can employers design health benefits differently for classes of employees?
Employers may be thinking of providing health plans by ‘employee cla...