Why would a plan need a wrap document?
Question: Why do plans need wrap documents?
Answer: Wrap documents are generally used for either (or both) of the following:
Supplementing alrea...
Most Employers Now Required to File Electronic Information Returns Beginning in 2024
On February 21, 2023, the IRS released Final Rules amending the existing requirements related to mandatory e-fil...
IRS Announces ACA Pay or Play Penalties for 2024
The IRS released 2024 penalty amounts on March 9, 2023. This notice is related to the ACA Employer Mandate Penalties. The IRS notice can be reviewed...
RxDC Information At Your Fingertips!
Our broker partners and their clients have many questions on this latest topic and Amwins Connect website can assist you with answers.
Brokers should be info...
Question: Is an employer subsidy for COBRA premiums taxable to the qualified beneficiary?
February 27, 2023
An employer has offered, or wants to offer, to subsidize part or all of a qualified be...
Gag Clause Attestation Guidance Released
Date Issued: March 1, 2023
The Internal Revenue Service (IRS), Department of Labor (DOL), and Department of Human Services (HHS) [collectively, “the Depa...
California Dental Summary of Benefits and Coverage (SBC) Requirement
February 2023
A California law (SB 1008) was passed in 2018 and went into effect for plan years beginning on or after January...
Rx Reporting – Round Two! (Sorry, you can’t ignore it this time.)
February 15, 2023
We’ve made it through the first round of prescription drug reporting (a/k/a RxDC reporting) required by the Co...
Compliance Checklist for Short Plan Years
February 2023
When there is a need to discontinue benefit offerings, or a need to adjust the benefit plan year, employers may need to run a short plan y...
Use of the Look-Back Measurement Method
For purposes of reporting full-time employee counts on the Form 1094-C, as well as reporting full-time versus part-time status by month on Form 1095-Cs, appl...
Reminder - Medicare Part D Creditable Coverage Reporting Requirement to CMS is Due By March 1, 2023 for Calendar Year Plans
In addition to the disclosure requirements to individuals, plan sponsors ...
Biden Administration Announces Plans for End of Covid-19 National Emergency and Public Health Emergency
On January 30, 2023, the Biden administration announced its plans to end the COVID-19 nationa...