ACA Reporting: The Impact on Cobra and Account-Based Plans

BPC has carefully monitored the regulations surrounding ACA reporting as they have developed over the past several years. This fall, the IRS finalized forms and instructions related to ACA reporting, and we want to take a moment to detail how your account-based health plans (HRAs, FSAs, and HSAs), and COBRA coverage, could impact your reporting obligations.

Posted on December 11, 2015 and filed under FSA, HRA, HSA.

How to Be Ready for PCORI Fee Reporting By July 31, 2015

PCORI Fee Reporting

As the July 31, 2015 deadline nears, you may be hearing a lot about PCORI Fees. To assist employers and plan sponsors, BPC is offering two services to help you understand PCORI Fees and file compliant reports.

The first service, a no-cost PCORI FEE Self-Service Guide, gives background information on PCORI Fees, helps you understand fees you may be subject to paying, and provides step-by-step instructions for calculating and filing reports.

The second option is BPC's PCORI Fee Reporting & Compliance Services provided by our knowledgeable Benefit Specialists for just $95.00 until July 15, 2015*.

Select one of the options below to learn more.

** Orders placed after July 15, 2015 will still be processed as quickly as possible, but delivery by July 31 is not guaranteed and additional fees may apply.

Posted on June 24, 2015 .

IRS Announces 2016 Limits for Health Savings Accounts (HSAs)

HSA Limits 2016

The IRS has released the 2016 inflation-adjusted amounts for health savings accounts (HSAs): for calendar year 2016, the annual limitation on deductions for an individual with self-only coverage under a high deductible health plan is $3,350 and for an individual with family coverage is $6,750, with a “high deductible health plan” annual deductible that is not less than $1,300 for self-only coverage or $2,600 for family coverage, and the annual out-of-pocket expenses do not exceed $6,550 for self-only coverage or $13,100 for family coverage.

Read the full text of IRS Revenue Procedure 2015-30.

Posted on May 5, 2015 .