Sequoia Blog
IRS Releases Draft 2019 ACA Reporting Forms and Instructions
The Internal Revenue Service (IRS) has released draft forms and instructions for the 2019 Affordable Care Act (ACA) Reporting. Employers must use the B-Series and C-Series reporting forms (Forms 1094-B, 1095-B, 1094-C and 1095-C) for their 2019 ACA reporting to the...
2020 Limits Announced for FSA and Commuter Benefits
On November 6, 2019, the Internal Revenue Service (IRS) released Revenue Procedure 2019-44, which contains the 2020 limits for flexible spending accounts (FSAs), commuter and parking benefits, and the adoption assistance tax credit, among other limits. The dependent...
California Passes Price Parity for Telehealth Services
California Governor Gavin Newsom recently signed Assembly Bill No. 744 (“Bill”) into law, which requires carriers to reimburse providers for telehealth services at the same rate as identical in-person services. The purpose of the bill is to expand access to healthcare...
Executive Order Aimed at Protecting and Improving Medicare
On October 3, 2019, an Executive Order (“EO”) was signed that purported to “protect and improve” Medicare. Overall, the EO directs the Secretary and Department of Health and Human Services ("Secretary") to propose changes that would move traditional Medicare towards a...
Employers Must Distribute Summary Annual Reports (SAR) to Participants
Employers who filed a Health and Welfare Form 5500 (“Form 5500”) must distribute the Summary Annual Report (“SAR”) to plan participants within 9 months after the plan year, or 2 months after they file a Form 5500 (if the employer was granted a filing extension)....
Certain Employers Must Report the Cost of Healthcare Coverage on Employees’ W-2s
Employers who filed more than 250 W-2s in the prior calendar year must report the cost of employer-sponsored healthcare coverage on employees’ W-2s. Employers required to report must do so before issuing employees’ W-2s, which are due to employees no later than...
How Giving Back Can Improve Employee Wellbeing
Massachusetts HIRD Form Due by December 15, 2019
As part of Massachusetts’ expanded Employer Medical Assistance Contribution (EMAC) program, employers with 6 or more employees in Massachusetts (in any month during the last 12 months) must submit a health insurance responsibility disclosure (HIRD) form annually. The...
Managing Stress in the Workplace
Washington D.C. Commuter Benefit Penalties Start November 14, 2019
Beginning November 14, 2019, covered employers who fail to offer the required transit benefits under the D.C. Commuter Benefits Law to their covered employees will be subject to a fine. The fine is imposed on a per covered employee, per month basis, and increases with...