The FirstPerson Blog

Ideas & Insights

Kelly Eckman

Compliance

Required Annual Compliance Notices for Employees

November 28, 2017

As the majority of employers head into open enrollment season, it’s important to look at a few year-end compliance reminders to try to stay ahead of the game. Even if you operate a non-calendar year plan, these items are important and should be addressed before the year is over.

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Benefits, Compliance

Don't Miss These Important Benefit Compliance Deadlines

June 8, 2017

It’s that time of year again when schools are dismissing and summer vacation is on the brain. It would be nice if benefits compliance could take a break for the summer too, but unfortunately, that isn’t the case. One of the biggest mistakes we see clients make is missing important filing deadlines.

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Benefits, Compliance

The Ins and Outs of Health Savings Accounts

October 25, 2016

With many employers moving to high deductible health plans (HDHPs) to control plan costs, many employees are gaining access to Health Savings Accounts (HSAs) for the first time.

HSAs are a hot topic in the benefits world these days. Whether you’re new to HSAs or looking for a refresher, you will find some key questions and answers regarding the ins and outs of HSAs below.

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Benefits, Compliance

Affordable Care Act Reporting Requirements

August 23, 2016

It seems like employers just finished up year one of reporting to the IRS on Forms 1095-C and 1094-C, but it’s already time to look ahead to year two. While most reporting rules stayed the same, it is important to once again familiarize yourself with the basics on Affordable Care Act (ACA) reporting to ensure your organization is in compliance. This is especially important for organizations who may have grown to over 50 employees in the 2015 calendar year and are now required to report. Similarly, those organizations with between 50 and 100 employees were not subject to penalties for the 2015 plan year, but will be subject to penalties going forward. That means it’s even more important to stay on top of this.

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Health Care Reform, Compliance

Form 1095-C: Communicating to Employees

January 20, 2016

Between Christmas and New Year’s, the IRS announced a delay for employers to issue Form 1095-C to employees. The deadline is now March 31, 2016; however, some employers have decided to stick with the original January 31, 2016 deadline and issue Form 1095-C along with W-2s.

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