Compliance: The Latest

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Just announced: Annual Adjustments to Civil Penalties
SummaryThe DOL recently announced 2018 annual adjustments of the civil monetary penalties for a wide range of benefit-related violations. With the continued increases in fines and penalties for group health plans, Form 5500, etc., it is more important than ever to ensure you are compliant. 
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Still Time for TASC's ACA Employer Reporting Service + IRS Extends Due Date for Employers
SummaryThe IRS recently announced certain entities now have until March 2, 2018 to provide Forms 1095-B or 1095-C to individuals (a 30-day extension). There is also still time for employers that need assistance with 2017 ACA Employer Reporting. 
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ACA Penalty Letters are Happening.
Summary: As of November, the IRS began sending penalty letters to over 100,000 ALEs who the IRS believes have failed to comply with the MEC requirements of the employer mandate under ACA for the 2015 filing year. They are too costly to ignore, and employers only have 30-days to respond.
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ACA is still the law. Get compliant with TASC.
Summary: Many employers are struggling to comply with the ACA Employer Shared Responsibility Mandate and the IRS is already responding with warning letters that require immediate action. TASC is ready to help make sure employers/clients are compliant to avoid risk of penalty, and we are also offering a generous discount on our fees for TASC ACA Employer Reporting through December 15. Contact your TASC Regional Sales Director or email salesinfo@tasconline.com for all the details. 
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Navigating the Requirements of the Affordable Care Act
Summary: Employers and plan sponsors need to be prepared for significant changes whether ACA is repealed, replaced, or repaired. SHRM HR Professional's magazine highlights some of these changes that could occur.
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Compliance Central Dashboard Wins Award!
Summary: Exciting news—TASC has earned the prestigious Gold status in the 2017 Golden Bridge Awards for Innovations in Technology for Compliance Central Dashboard. 
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Sign up! TASC Webinars: October—December
Summary: TASC is hosting a series of complimentary educational webinars and we encourage you to join us! New topics include ERISA 101, ERISA Compliance (more in-depth), and HSA 101.
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The Power of HSA
Summary: More and more employers are adding a Health Savings Account (HSA) to their employee benefits program as a smart way for employees to save on current and future healthcare expenses. Learn more about how it is important to not wait for potential changes to legislation, and how TASC keeps your benefits under one roof. 
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Introducing Compliance Central Dashboard
Summary: Most employers believe they are compliant, but in reality they are not, instead exposing themselves to significant penalties. The solution is a new compliance tool from TASC! Connect with your Regional Sales Director to learn more and receive a brief tutorial. 
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New TASC Webinars: July—September
Summary: TASC is hosting a series of complimentary educational webinars and we encourage you to join us! New topics include ERISA 101, ERISA Compliance (more in-depth), and HSA 101.
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Employers Are Struggling to Keep up with Changing Compliance Issues
Summary: In an article from Employee Benefit Adviser, a recent study shows that most employers are feeling uncertain on how (or if) changes to regulations will impact their business -- and how many are seeking the assistance of trusted compliance experts.
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How the Latest Updates to AHCA May Influence You
Summary: The GOP is still likely a long way from achieving their seven year campaign pledge, but it's important to understand potential changes and how it may affect you. Also learn how the ACA is still the law of the land and why compliance is still required.
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Join us! TASC Webinar Series: April - June 2017
Summary: TASC is hosting a series of complimentary educational webinars and we'd love for you to join us! Compliance topics include ERISA, FMLA, HIPAA, FSA, ACA Employer Reporting Requirements. Attendees belonging to SHRM and HRCI are eligible for CE Credits, too!
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House Passes Small Business Health Fairness Act
Summary: In an article from The Capital Connection blog, learn about recent legislation that aims to boost health insurance by expanding coverage and lowering costs for working families.  
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Repeal & Replace: ACA Remains Law of the Land
Summary: In an article from The Capital Connection blog, gain insight into the recent American Health Care Act (AHCA) non-vote and how TASC plans to monitor and respond to the ever-changing landscape. 
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Why Brokers Need to Refresh their HIPAA Procedures 
Summary: In an article from Employee Benefit Adviser, the recent increase in audits serve as a good reminder why employers should revisit HIPAA training often to ensure compliance.
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Join us! TASC Webinar Series: January - March 2017
Summary: TASC is hosting a series of complimentary educational webinars and we'd love for you to join us! Topics include ERISA Compliance, FMLA Compliance, HIPAA Compliance, ACA Employer Reporting Requirements, and FSA Solutions. Attendees belonging to SHRM and HRCI are eligible for CE Credits, too!
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PCORI Fees: IRS Audits on the Horizon
Summary: It’s easy to believe that audits will never happen to you, but recently TASC received a request from a client who was being audited by the IRS. Audits are going to becoming more and more common, so it’s important to be compliant, and be prepared. But you do not have to navigate it alone: TASC is here to help.
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PCORI Fee Increase
Summary: The IRS and HHS have released new information on the adjusted applicable dollar amount for PCORI fees for plan and policy years ending on or after October 1, 2016 and before October 1, 2017.
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Keeping Up With ACA Requirements
Summary: Employers may be penalized nearly $31 billion in 2016 for violations of the Affordable Care Act. That number is staggering. And with deadlines fast approaching (and shifting) we've highlighted recent changes to ACA Employer Reporting you should be aware of. TASC will offer ACA Employer Reporting services until December 31, 2016.
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IRS Delays Some ACA Reporting
Summary: The IRS has determined that a substantial number of employers, insurers, and other coverage providers may need additional time to prepare 2016 Forms 1095-B and 1095-C. As a result, the deadline for furnishing this information (to individuals) has been extended from January 31, 2017 to March 2, 2017. This guidance does not extend the time frame for submitting 2016 forms to the IRS. 
Read the IRS Notice



Guarantee ACA Compliance
Summary: Rules, regulations, reporting dates, and requirements. The elements of ACA are complex—and can be costly if penalized. Luckily, TASC's ACA Employer Reporting service can help clients navigate the requirements for tracking and reporting to the IRS and also ensure important deadlines are met.
Read more on TASC's Provider Blog



Avoiding a HIPAA Breach
Summary: TASC’s HIPAA Compliance service removes employee burden to research need and create documents, providing various required documents, and pre-recorded presentations help outline responsibilities for staff. Read a recent article outlining how to avoid being the next target for a HIPAA breach. 
Read the article and learn more about TASC's HIPAA service



Navigating FMLA and ADAAA Laws and Regulations
Summary: When navigating an employee's return to work, it's important to understand that both FMLA and ADAAA laws and regulations need to be considered. Employee Benefit News recently posted an interesting article about how important our role is as industry experts to assist our clients.
Read the article and learn more about TASC's FMLA service



Join us! TASC Webinar Series: October - December 2016
SummaryTASC is hosting a series of complimentary educational webinars and we'd love for you to join us! Topics include ERISA Compliance, FMLA Compliance, HIPAA Compliance, ACA Employer Reporting Requirements, and FSA Solutions. 
Sign up and learn more



Only Churches (Not Affiliated Organizations) Can Establish an ERISA-Exempt Church Plan

Summary: A recent ruling states that a retirement plan established by a church-affiliated organization is not an ERISA-exempt church plan because the affiliated church did not establish the plan. 
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ACA Modifications: We're Not in 2015 Anymore
Summary: When the Affordable Care Act was first enacted in 2010, it was with the understanding that changes would be made to the ACA after the fact. Now, as it is more than halfway through 2016, it's important to understand what some of those changes are–and what the penalties are for late ACA filers. 
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Department of Labor Federal Civil Penalties Inflation Adjustment Act Catch-Up Adjustments.
Summary: The U.S. Department of Labor is issuing this interim final rule to adjust the amounts of civil penalties assessed or enforced in its regulations. The Federal Civil Penalties Inflation Adjustment Act of 1990 as amended by the Federal Civil Penalties Inflation Adjustment Act Improvements Act of 2015 requires agencies to adjust the levels
of civil monetary penalties with an initial catch-up adjustment, followed by annual adjustments for inflation. The Department must publish the interim final rule by July 1, 2016 and the new penalty levels are effective no later than August 1, 2016. 
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Plan Administrator Must Pay Over $300,000 for Misrepresenting Level of Life Insurance Coverage
Summary: After receiving a smaller-than-expected payout on a life insurance claim, the beneficiaries sued their deceased daughter's former employer for breach of fiduciary duty, asserting that, as plan administrator, it misrepresented the amount of life insurance coverage in effect. 
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Department of Labor Issues Proposal to Modernize and Improve Form 5500 Annual Report
Summary: Proposed revision are intended to modernize the financial statements and investment information filed about employee benefit plans, update the reporting requirements for service provider fee and expense information, enhance accessibility and usability of data filed on the forms, require reporting by all group health plans covered by Title I of ERISA and improve compliance under ERISA and the Internal Revenue Code through new questions regarding plan operations, service provider relationships and financial management of the plan. 
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Pending Legislation Would Do Away with "Letter of Medical Necessity" Requirement

Summary: In early July, the House of Representatives passed the Restoring Access to Medication Act (H.R.1270), which would overturn a provision of the ACA and restore the ability to plan participants to use FSAs, HRAs, and HSAs funds to purchase over-the-counter drugs and medicines. The bill is now headed to the Senate for further consideration. 
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ACA Penalties to Hit $228 Billion

Summary: It is estimated that employer responsibility penalties will see a staggering $228 billion net from from 2017 to 2026, providing the Affordable Care Act remains in effect. While it's still marginally less than earlier projections, it does turn the spotlight onto employers who can avoid overspending on penalties by ensuring ACA compliance.
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Being compliant is important for any employer, but it's not a one-time requirement. Staying compliant requires on-going knowledge about changes in legislation, updates and clarifications to regulations, and much more. TASC offers the reassurance and confidence that employers need.

Stay informed of the latest articles and news surrounding TASC's compliance services. Sources will include TASC, Department of Labor, Internal Revenue Service, and industry publications.