DOL Fiduciary Rule Overturned | PA Benefit Brokers

In its March 15, 2018, decision, the U.S. Court of Appeals for the Fifth Circuit overturned the U.S. Department of Labor’s (DOL) Fiduciary Rule that expanded the definition of an investment advice fiduciary under the federal Employee Retirement Income Security Act (ERISA). Under the Fiduciary Rule, investment brokers were going to be required to put … Continued

All About Medical Savings Accounts | PA Employee Benefit Advisors

Taking control of health care expenses is on the top of most people’s to-do list for 2018.  The average premium increase for 2018 is 18% for Affordable Care Act (ACA) plans.  So, how do you save money on health care when the costs seems to keep increasing faster than wage increases?  One way is through … Continued

2018 HSA Family Contribution Limit Reduced by $50 | PA Employee Benefits

On March 5, 2018, the Internal Revenue Service (IRS) announced a reduction in the maximum annual contribution allowed for Health Savings Accounts (HSAs) in 2018. The change does not affect people whose HSA contributions are based on self-only health coverage, but it does affect those with family coverage under a qualifying High Deductible Health Plan … Continued

6 Ways to Keep the Flu from Sidelining Your Workplace | PA Benefit Advisors

This year’s flu season is a rough one. Although the predominant strains of this year’s influenza viruses were represented in the vaccine, they mutated, which decreased the effectiveness of the immunization. The flu then spread widely and quickly, and in addition, the symptoms were severe and deadly. The U.S. Centers for Disease Control and Prevention … Continued

Federal Employment Law Update – February 2018 | PA Employee Benefits

IRS Releases Publication 15 and W-4 Withholding Guidance for 2018On January 31, 2018, the federal Internal Revenue Service (IRS) released Publication 15 — Introductory Material, which includes the following:2018 federal income tax withholding tables.Exempt Form W-4.New information on:Withholding allowance.Withholding on supplemental wages.Backup withholding.Moving expense reimbursement.Social Security and Medicare tax for 2018.Disaster tax relief.Read Publication 15 … Continued

CMS Disclosure Requirement for Employer Health Plans | PA Benefit Advisors

Do you offer health coverage to your employees? Does your group health plan cover outpatient prescription drugs? If so, federal law requires you to complete an online disclosure form every year with information about your plan’s drug coverage. You have 60 days from the start of your health plan year to complete the form. For … Continued

Benefits Easy: Intro to Self-Funding | PA Employee Benefits

As the first month of 2018 wraps up, companies have already begun the arduous task of submitting budgets and finding ways to cut costs for the new year. One of the most effective ways to combat increasing health care costs for companies is to move to a Self-Funded insurance plan. By paying for claims out-of-pocket … Continued

Nothing Is Certain, But Death and LESS Taxes… | PA Benefit Advisors

On January 11, 2018, the Internal Revenue Service released its income tax withholding tables for 2018 reflecting changes made by the December 2017 tax reform legislation. The updated withholding information provides the new rates for employers to use during 2018. Employers are encouraged to use these tables as soon as possible but must use them by … Continued

IRS Updates Guidance on Play-or-Pay Penalty Assessments | PA Employee Benefits

Beginning in 2015, to comply with the Patient Protection and Affordable Care Act (ACA), “large” employers must offer their full-time employees health coverage, or pay one of two employer shared responsibility / play-or-pay penalties. The Internal Revenue Service (IRS) determines the penalty each calendar year after employees have filed their federal tax returns.In November 2017, … Continued


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