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POSTED BY ADMIN ON APR 26, 2016 IN COMPLIANCE NEWS, HR BENEFIT ADVISORS BLOG,IRS, TAXES, THE BLOG | COMMENTS OFF ON TAXATION OF IDENTITY PROTECTION SERVICES

IRS

Taxation of Identity Protection Services

POSTED BY ADMIN ON JUL 20, 2016 IN HR BENEFIT ADVISORS BLOG, IRS, THE BLOG |COMMENTS OFF ON HOW TO MAKE YOUR PARENT A DEPENDENT FOR INSURANCE


What Employers Need to Know about the IRS-SSA-CMS Data Match Program



How to Make Your Parent a Dependent for Insurance

POSTED BY ADMIN ON MAY 11, 2016 IN ACA, HR BENEFIT ADVISORS BLOG, HRA, IRS, THE BLOG | COMMENTS OFF ON EMPLOYERS ASK: WHAT PREVENTS ME FROM REIMBURSING INDIVIDUAL HEALTH INSURANCE POLICIES?

In serving 36,000 employers and 5 million employees, our UBA Partners get this question frequently: What federal guidance prohibits employers from reimbursing individual health insurance policies? Answer: The IRS has issued extensive guidance prohibiting employers from reimbursing health insurance policies on an individual basis. It issued two notices in 2015 that addressed this issue. In February 2015, the IRS provided greater detail on the issue when it issued Notice 2015-17, which addresses employer payment or reimbursement of individual...

Employers Ask: What Prevents Me from Reimbursing Individual Health Insurance Policies?

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According to the IRS, identity theft has been the number one consumer complaint to the Federal Trade Commission for 15 consecutive years. The Bureau of Justice Statistics estimates that 17.6 million people were victims of identity theft in 2014. Organizations at every level are trying to protect employee and customer personal information from computer hacking that can disclose sensitive information to identity thieves. As a protective measure, some businesses are providing identity theft protection services in the hopes of preventing and...

POSTED BY ADMIN ON JUN 15, 2016 IN COMPLIANCE ALERTS, COMPLIANCE NEWS, HR BENEFIT ADVISORS BLOG, IRS, THE BLOG | COMMENTS OFF ON WHAT EMPLOYERS NEED TO KNOW ABOUT THE IRS-SSA-CMS DATA MATCH PROGRAM

IRS Reporting: Now What?

POSTED BY ADMIN ON JUN 24, 2016 IN ACA, COMPLIANCE ALERTS, COMPLIANCE NEWS,EMPLOYER NEWS, HR BENEFIT ADVISORS BLOG, INDUSTRY NEWS, IRS, THE BLOG, UBA NEWS | COMMENTS OFF ON IRS REPORTING: NOW WHAT?


Children may have to become the caregivers of aging parents. These parents may be faced with health issues and altered mental issues as they age. Occasionally, children may have to have their parents enrolled on their insurance plans as a dependent. Parents enrolled on a qualified medical insurance plan will ensure that they receive the medical treatment they need. Parents may or may not be allowed to enroll on an insurance plan, depending on the particular health plan you are enrolled in. Step 1 Determine if your parent qualifies as your...


Beginning in early 2016, many employers received letters from the IRS-SSA-CMS Data Match program. These letters are addressed to the employer and begin by stating that “Medicare needs your cooperation.” Employers are directed to report information on the IRS/SSA/CMS Data Match Secure Web Site (https://www.cob.cms.hhs.gov/DataMatch/). The data being requested is often extensive, and can cover a number of years. The questionnaire might include years that an employer did not sponsor a group health plan. The letters typically have a...

Applicable large employers and self-funded employers of all sizes have now completed the first round of required IRS reporting under the Patient Protection and Affordable Care Act (ACA). The ACA requires individuals to have health insurance, while applicable large employers (ALEs) are required to offer health benefits to their full-time employees. In order for the IRS to verify that (1) individuals have the required minimum essential coverage, (2) individuals who request premium tax credits are entitled to them, and (3) ALEs are meeting their...