Psfinc.com

W-2 Health Insurance Reporting Review

The IRS provided transition relief for small employers in 2012 and that guidance is still applicable. Per the guidance, the W-2 cost of health care reporting … See more

Actived: 5 days ago

URL: https://www.psfinc.com/articles/2021-w-2-health-insurance-reporting-review/

HSA Requirements and Limits for 2021

WebThe IRS released the 2021 health savings account (HSA) annual contribution limits and high deductible health plan (HDHP) requirements

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Strategies to Prevent Healthcare Workplace Violence

WebA large Catholic and not-for-profit health system has more than 150,000 associates at 1,900 locations, including more than 100 hospitals. It has implemented a …

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Domestic Partner Benefits and Imputed Income

WebThe employee will have imputed income reported on Form W-2 equal to the FMV of the domestic partner’s (or child’s) coverage. This amount will also be subject to …

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Lessons Learned from 2020 Healthcare Breaches

WebAlthough the breach occurred in 2017, Lifespan agreed to settle a potential HIPAA violation related to a stolen laptop for over $1 million in July 2020. OCR found …

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Navigating the PFAS Crisis: Health Concerns, Legal Battles, and …

WebEthan Olesen | Account Executive. The Environmental Protection Agency (EPA) has linked per- and polyfluoroalkyl substances (PFAS) to a range of health …

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The Role of Risk Management in Healthcare Operations

WebOur current economic climate is continuing to force healthcare organizations to evaluate operational efficiencies. Maximizing profits, or at least not operating at a loss, …

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Keeping Up With Clinical Risk Management:Employee Notaries in

WebDanielle Donovan is Parker, Smith & Feek’s Clinical Risk Manager, dedicated to helping improve our healthcare clients’ operations and mitigate risks. She …

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Updated Health Savings Account & Excepted Benefit HRA Limits …

WebThe 2023 health savings account (HSA) annual contribution limits and high deductible health plan (HDHP) requirements in IRS Rev Proc. 2022-24

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Expanding the Role of Healthcare Risk Management

WebSharon Hall | VP Healthcare Risk Management. In the 1970s, the concept of financial risk management evolved and risk managers used insurance to manage …

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2022 State Individual Mandates and Reporting Requirements

WebSUMMARY. It is possible that additional states will pass individual mandates that will require employers to provide information about employer provided health …

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Final Rules – Two New HRA Options for 2020

WebThe new rules create two new types of HRAs: Individual Coverage HRA. An HRA funded by employers and used by employees to pay for individual health coverage. …

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Medicare and Employer-provided Health Insurance: Not Always an …

WebMedicare Part A is insurance for inpatient care, skilled nursing, hospice, and home care. If you are a U.S. citizen or permanent resident who’s been living in the U.S. …

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Compliance Considerations When Moving from Fully-Insured to …

WebWhen a plan moves from fully-insured to self-funded (also referred to as self-insured), most benefit compliance requirements (e.g., ERISA, COBRA, Section 125) …

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As published in Alaska Business Monthly on April 5, 2021

WebCOMMERCIAL INSURANCE EMPLOYEE BENEFITS PERSONAL INSURANCE RISK MANAGEMENT SURETY EMPLOEE BENEFITS 80 0.457.0220 www.psfinccom …

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2023 Health FSA & Qualified Transportation Limits

WebThe limit on annual employee contributions toward health FSAs for 2023 is $3,050, with the ability to carryover up to $610. The limit on monthly contributions toward …

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State Individual Mandate Employer Reporting Guide

WebEmployer can report using form and the information contained in Forms 1094/1095 “B” and “C”. First Filings due in 2021. -- January 31 for statements to covered individuals (but no …

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HIPAA Privacy and Security Mistakes Employers Make

WebMany health plans offered by employers are subject to HIPAA privacy and security requirements. Employers must review all the plans they sponsor to determine …

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Tobacco Surcharges

WebMonthly premium. $450. $1,200. Maximum non-tobacco-related incentives (30%) – difference permitted in employee contribution. $135. $360. Maximum non …

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