EBIA Weekly Newsletter

Compliance at Your Fingertips: EBIA’s Benefits Compliance Library     

   July 12, 2018

You can rely on EBIA to keep you up-to-date on the ever-changing compliance requirements for employee benefits. We provide expert analysis on a broad range of topics, with practical tips that will help you comply with the complex rules. Here are some of the latest enhancements to our Health Care Reform and Fringe Benefits publications:

Health Care Reform for Employers and Advisors

  • Employer Shared Responsibility Penalties. We have added more insight into IRS efforts to collect employer shared responsibility penalties under Code § 4980H—including the release of sample versions of Letter 227, which applicable large employers may receive in connection with penalty assessments.
  • Clarification of Emergency Regulations. We’ve included coverage of the agencies’ response (required by a court order) to clarify their position that the methodology in the regulations relating to emergency services is transparent and reasonable.
  • 2019 Benefit and Payment Parameters. Our coverage has been updated for HHS 2019 benefit and payment parameters that modify insurance market and Exchange-related rules—including increased cost-sharing limits, revised essential health benefits options, and new rules for SHOPs.

You may also be interested in our recorded webinar “Group Health Plans Quarterly Update: 3Q 2018” (live on 9/26/18).

Fringe Benefits

  • Fringe Benefit Substantiation. We highlight a case illustrating the substantiation requirements for listed property, and explain how the mileage rates historically used to substantiate the amount of certain travel and moving expenses have been restricted by the Tax Cuts and Jobs Act.
  • Qualified Transportation Plans. We have updated our analysis of the tax savings from pre-tax participation in a qualified transportation plan to reflect the temporary marginal rates effective in 2018 and to explain how the tax consequences for employers have changed and may vary depending on an employer’s circumstances.
  • Company Cars. We’ve incorporated the recently announced 2018 threshold for inclusion amounts, added a new explanation of FAVR mileage rates, and revised our discussions of business use of employee-owned automobiles and the total value inclusion for company cars in light of the current suspension of miscellaneous itemized deductions.