Did You Know Small Employers Now Have a Useful Tool to Help Offset the Cost of Health Insurance?

• Hinckley Allen Employee Benefits & Executive Compensation Newsletter
• March 9, 2017

The Affordable Care Act (“ACA”) made it unlawful for employers to offer a pre-tax stipend to be used for health insurance costs.  With the passage of the 21st Century Cures Act, and adoption of the “Qualified Small Employer Health Reimbursement Arra…

Did You Know? The Latest in ERISA & Employee Benefits

• Hinckley Allen Employee Benefits & Executive Compensation
• January 27, 2017

President Trump signs executive order aimed at minimizing burdens of the Affordable Care Act (ACA).President Trump’s executive order calls for federal agencies to “exercise all authority and discretion available to them to waive, defer, grant exemption…

2016 Year End Compliance Update – Are You Ready?

• Hinckley Allen Employee Benefits & Executive Compensation Update
• December 5, 2016

While there are no major legislative changes required for 2016, there are some important compliance deadlines that are rapidly approaching. Plan sponsors can use the chart below to stay on track and maintain compliance.We also note, for your reference, ann…

IRS Issues Proposed Regulations on Applying Section 409A to Nonqualified Plans

• Hinckley Allen ERISA and Employee Benefits & Executive Compensation Newsletter
• July 19, 2016

The Internal Revenue Service (IRS) issued proposed regulations that clarify or modify specific provisions of the final regulations under Internal Revenue Code ("Code") Section 409A. Although the proposed regulations do not become effective until finalized,…

EEOC Issues Final Rule on Wellness Programs under the Americans with Disabilities Act

• Hinckley Allen ERISA and Employee Benefits & Executive Compensation Newsletter
• July 19, 2016

Many employers offer a reduction in health insurance premiums to employees who participate in wellness programs that are reasonably designed to promote health and prevent disease. For example, an employer may offer up to a 30% discount of the total cost fo…

Release of Final Summary of Benefits and Coverage Template and Uniform Glossary

• Hinckley Allen ERISA and Employee Benefits & Executive Compensation Newsletter
• July 19, 2016

Effective April 1, 2017, health plans and issuers of individual health insurance must comply with the final Summary of Benefits and Coverage (SBC) Template and Uniform Glossary. Existing SBC templates will need to be modified to reflect the final template.