January 2017 Newsletter | First Quarter Compliance Calendar for Retirement and Health and Welfare Plans

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IRS Prohibits Reimbursement of Individual Health Plan Premiums – Limited Transition Relief Available for Small Employers

Earlier this year, the IRS issued Notice 2015-17 (the “Notice”), which addresses employer direct payment or reimbursement of individual health plan premiums. Prior to the Affordable Care Act (ACA), employers were allowed to reimburse premiums paid for individual coverage on a tax-favored basis. Many small employers adopted this type of arrangement rather than sponsoring a group health plan. However, the Notice Read More