Alera Group Acquires Muench Financial, Inc.

January 23, 2020
Alera Group, a national employee benefits, property and casualty, retirement services and wealth management firm, today announced that it has acquired Muench Financial, Inc., effective December 31, 2019. Muench Financial, located in Seattle, Washington, works with small and medium-sized... Find out more »

Congress Repeals Unrelated Business Income Tax for Tax-Exempt Entities Offering Qualified Transportation Fringe Benefits

January 15, 2020
As part of the Further Consolidated Appropriations Act, 2020 (the “Act”), Congress repealed Section 512(a)(7) of the Internal Revenue Code of 1986 (the “Code”). This Code section was added as part of the Tax Cuts and Jobs Act of 2017 (the “TCJA”) and resulted in... Find out more »

Alera Group Acquires AMCORP, Inc.

January 14, 2020
Alera Group, a national employee benefits, property and casualty, retirement services and wealth management firm, today announced that it has acquired AMCORP, effective December 31, 2019. AMCORP, located in San Antonio, Texas, was founded in 1981. The firm provides benefits consulting and... Find out more »

Alera Group Acquires Sylvia Group

January 9, 2020
Alera Group, a national employee benefits, property and casualty, retirement services and wealth management firm, today announced that it has acquired Sylvia Group, effective December 31, 2019. Located in Dartmouth, Massachusetts, Sylvia Group has been serving clients throughout New England... Find out more »

Congress Passes Spending Bill that Repeals Three Major ACA Taxes, Extends PCORI

December 19, 2019
Updated December 21 to reflect that the bill has been signed into law. On December 20, 2019, the House and Senate, with the final signature from President Trump, passed a bipartisan legislative package of spending bills to avoid a government shutdown.  This package of bills is collectively... Find out more »

IRS Extends Deadline for Furnishing Form 1095-C, Extends Good-Faith Transition Relief

December 2, 2019
The Internal Revenue Service (IRS) has released Notice 2019-63, which extends the deadline for furnishing 2019 Forms 1095-B and 1095-C to individuals from January 31, 2020 to March 2, 2020.  The Notice also provides penalty relief for good-faith reporting errors and suspends the requirement to... Find out more »

What Employers Need to Know About the New Transparency Rules

November 22, 2019
Proposed Transparency Rule Released Following President Trump’s Executive Order on Improving Price and Transparency in American Healthcare, one final and one proposed rule was released by HHS and CMS that aim to increase price transparency for hospitals and insurance companies.  These... Find out more »

IRS Releases Draft 2019 ACA Reporting Forms and Instructions

November 14, 2019
The IRS has released draft forms and instructions for the 2019 B-Series and C-Series reporting forms (Forms 1094-B, 1095-B, 1094-C and 1095-C) used by employers and coverage providers to report certain information to full-time employees and the Internal Revenue Service (IRS).  As... Find out more »

Alera Group Acquires Capital Region Benefits

November 12, 2019
Alera Group, a national employee benefits, property and casualty, retirement services and wealth management firm, today announced that it has acquired Capital Region Benefits, effective November 1, 2019. Capital Region Benefits, an independent insurance agency located in Camp Hill, Pennsylvania,... Find out more »

Health FSA Contribution Limit Increases to $2,750 for 2020 Plan Years

November 7, 2019
IRS Increases Health FSA Contribution Limit for 2020, Adjusts Other Benefit Limits On November 6, 2019, the Internal Revenue Service (IRS) released Revenue Procedure 2019-44, which raises the health Flexible Spending Account (FSA) salary reduction contribution limit by $50 to $2,750 for plan... Find out more »