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On December 22, 2017, the IRS issued Notice 2018-06, which provides a limited extension of time for employers to provide  2017 Forms 1095-C to individuals. It also extends good-faith transition relief from certain penalties for the 2017 reporting year. The deadline to provide Forms 1094-C and 1095-C to the IRS was not extended. Q What was Extended? A 2017 Forms 1095-C statements must be … [Read more...]

On October 19, 2017, the IRS released cost of living adjustments for 2018 under various provisions of the Internal Revenue Code (the Code). Some of these adjustments may affect your employee benefit plans. Cafeteria Plans For plan years beginning in 2018, the dollar limitation under Section 125 for voluntary employee salary reductions for contributions to health flexible spending arrangements … [Read more...]

Education Benefits Available For ALL Morrison Insurance Services Clients and Their Employees! In keeping with Morrison Insurance Services’ commitment to providing increased value, benefits and development opportunities for our clients’ employees, Morrison Insurance Services has formed an education benefits partnership with Brandman University. As part of this exciting new alliance, Brandman … [Read more...]

What is the purpose of the I9 form? The I9 verifies that an employee is legally eligible to work in the United States. The intent of the I9 is to establish 1) identity and 2) eligibility to work in the United States. Employers may NOT hire employees that are not eligible to work in the United States. Employers must complete an I9 for all employees upon hire. When do I complete it? … [Read more...]

The annual limit on deductible contributions to a health savings account will jump by $50 in calendar year 2018 for individuals and $150 for families, according to the IRS. For 2018, the annual contribution limitation for a person with self-only coverage under a high-deductible health plan is $3,450, up from $3,400 in calendar year 2017, the IRS announced last week. The annual limit on … [Read more...]

May 11, 2017 | By Katie Kuehner-Hebert When asked whether Congress should repeal all or parts of the Affordable Care Act, 19 percent say repeal the entire act. Only 1 in 5 American voters say they support the House Republican’s revised health care plan, slightly better than the 17 percent who said they approved of the first health care plan in March, according to a Quinnipiac University … [Read more...]

A survey by Aegon has found that many people plan to have an active lifestyle in retirement, but are not engaging in activities to stay fit, according to this article on CNBC. "We focus so much on the financial aspects of planning for retirement, but we do relatively little to prepare ourselves from a health perspective," says an expert with Aegon Center for Longevity and Retirement. "People … [Read more...]

Senate Majority Leader Mitch McConnell is proposing to keep in place the Affordable Care Act’s protection against higher health-insurance premiums for people with pre-existing conditions when they buy individual coverage, said a Republican aide familiar with the recommendation. The idea was discussed in a closed-door Senate GOP meeting Tuesday, said the aide, who spoke on condition of … [Read more...]

The Republicans are looking everywhere for funds to fix healthcare, as well they should. This problem is not an easy one to solve, however. Under the Affordable Care Act, employers were faced with the Cadillac tax. As a result, they wasted no time planning to mitigate the effect. While the Democrats seemed to believe that this was a pot of gold available to solve some of the cost issues, the … [Read more...]