Blog Archives

• All About Health Savings Accounts | Florida Employee Benefits

  Posted on March 15th, 2018

  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… Read more »

• Nothing Is Certain, But Death and LESS Taxes… | Florida Employee Benefits

  Posted on January 17th, 2018

  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… Read more »

• IRS Extends Deadline for Employers to Furnish Forms 1095-C and 1095-B | Florida Benefit Advisors

  Posted on January 5th, 2018

  On December 22, 2017, the IRS released Notice 2018-06 to extend the due date for employers to furnish 2017 Form 1095-C or 1095-B under the Affordable Care Act’s employer reporting requirement. Employers will have an extra 30 days to prepare and distribute the 2017 form to individuals. The due dates… Read more »

• IRS Updates Guidance on Play-or-Pay Penalty Assessments | Florida Benefit Advisors

  Posted on December 13th, 2017

  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… Read more »

• Top 3 Frequently Asked Questions about Qualified Small Employer Health Reimbursement Arrangements | Florida Benefit Advisors

  Posted on November 28th, 2017

  On December 13, 2016, President Obama signed the 21st Century Cures Act (Cures Act) into law. The Cures Act provides a method for certain small employers to reimburse individual health coverage premiums up to a dollar limit through HRAs called “Qualified Small Employer Health Reimbursement Arrangements” (QSE HRAs). The provision went into effect on… Read more »

• IRS Roundup: What Employers Need to Know about the Latest ACA Notices | Florida Benefit Advisors

  Posted on October 6th, 2017

  In spite of the recent efforts by Congress to change or repeal the ACA, its provisions are still in effect. The IRS has issued continuing guidance on the affordability rate for coverage, the employer shared responsibility provisions and reporting, and the individual mandate provision. IRS Released the 2018 Affordability Rate… Read more »

• Taxation of Identity Protection Services | Employee Benefits Florida

  Posted on April 28th, 2016

  By Josie Martinez Senior Partner and General Counsel at EBS Capstone a UBA Partner Firm 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… Read more »

• Minimum Value: HRA Contributions and Flex Credits | Jacksonville Benefits Broker

  Posted on February 11th, 2016

  By Danielle Capilla Chief Compliance Officer at United Benefit Advisors The Internal Revenue Service (IRS) recently issued a final rule that clarifies various topics relating to the Patient Protection and Affordable Care Act (ACA) and premium tax credit eligibility provisions. Mirroring guidance from IRS Notice 2015-87, the final rule clarifies… Read more »

• Reporting and Plan Documents Under ERISA and Cafeteria Plan Rules | Florida Employee Benefits

  Posted on November 5th, 2015

  By Danielle Capilla Chief Compliance Officer at United Benefit Advisors The Employee Retirement Income Security Act (ERISA) was signed in 1974. The U.S. Department of Labor (DOL) is the agency responsible for administering and enforcing this law. For many years, most of ERISA’s requirements applied to pension plans. However, in… Read more »

• IRS Proposed Regulations Recognize Same Sex Marriage | FL Employee Benefits

  Posted on October 29th, 2015

  By Danielle Capilla Chief Compliance Officer at United Benefit Advisors In June 2015, the Supreme Court ruled in Obergefell v Hodges that the 14th Amendment requires a state to license a marriage between two people of the same sex, and to recognize a marriage between two people of the same… Read more »