Hrishi Shah

Hrishi Shah

Franczek Radelet P.C.

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Monthly Benefits Update - October 2014

IRS Announces 2015 Dollar Limits for Health FSAs and Transportation Benefits - The Internal Revenue Service (IRS) announced the 2015 dollar limits applicable to contributions to health flexible spending accounts...more

11/10/2014 - Affordable Care Act CMS COLA Covered Entities EEOC Enforcement Actions Flexible Spending Accounts Fringe Benefits Honeywell International HPID IRS Minimum Essential Coverage Retirement Plan

Monthly Benefits Update - September 2014

IRS Issues Guidance on How to Deal With a Change to an Employee’s Measurement Period Under ACA Employer Mandate - The Internal Revenue Service (IRS) issued Notice 2014-49, which proposes an approach for dealing with...more

10/7/2014 - Affordable Care Act Employee Benefits Employer Mandates Full-Time Employees Healthcare IRS Look-Back Measurement Period

DOL Issues Post-Hobby Lobby Guidance for Closely Held For-Profits Making Changes in Contraception Coverage

The Department of Labor (DOL) issued guidance for closely held for-profit corporations that wish to exclude coverage of any contraceptives under their health plans in the wake of the Burwell v. Hobby Lobby Supreme Court...more

9/4/2014 - Affordable Care Act Burwell v Hobby Lobby Contraceptive Coverage Mandate DOL ERISA Hobby Lobby Religious Exemption SCOTUS

Federal Appeals Courts Issue Contradictory Rulings on Federal Marketplace Subsidies under Affordable Care Act

Two federal appeals courts issued contradictory rulings on the validity of subsidies for the purchase of health insurance under the federal marketplace established pursuant to the Affordable Care Act (ACA). On July 22, a...more

9/4/2014 - Affordable Care Act Appeals Health Insurance Exchanges Healthcare Healthcare Reform Subsidies

Illinois Supreme Court Rules that Public Sector Retiree Health Subsidies are Constitutionally Protected Benefits

As covered in more detail in a separate alert, the Illinois Supreme Court ruled in Kanerva v. Weems by a 6-1 margin that state-subsidized retiree health coverage premiums are subject to the pension protection clause of the...more

9/4/2014 - Employer Group Health Plans Health Insurance Pensions Public Employees Retirement

IRS Issues Draft Forms for Coverage Reporting Requirements under the Affordable Care Act

The Internal Revenue Service (IRS) has released draft versions of forms that will be used by employers to report health coverage information required under the ACA’s employer shared responsibility rules. As we have written in...more

9/4/2014 - Affordable Care Act Employer Mandates Healthcare Healthcare Reform IRS Popular

Supreme Court Grants Injunction to Religious University Barring Strict Enforcement of Accommodation Scheme for ACA Contraception...

The United States Supreme Court granted Wheaton College, a religious non-profit college in Illinois, an injunction permitting the college to opt into the ACA contraception mandate’s accommodation scheme available to certain...more

9/3/2014 - Affordable Care Act Contraceptive Coverage Mandate Healthcare Healthcare Reform Religion Religious Exemption RFRA SCOTUS Wheaton College

IRS Seeking Comments on Business Hardship Rules for Safe Harbor Defined Contribution Plans

The IRS is seeking comments on rules that permit sponsors of 401(k) plans to reduce or suspend safe harbor contributions in the middle of the plan year. As we wrote in a previous alert, under rules issued in November of 2013,...more

9/3/2014 - 401k Defined Contribution Plans IRS Safe Harbors

IRS Modifies Required Minimum Distribution Rules to Permit Purchase of Longevity Annuities in Defined Contribution Plans

The IRS has issued final regulations modifying the required minimum distribution rules that apply to defined contribution retirement plans to accommodate the purchase of annuities known as qualifying longevity annuity...more

9/3/2014 - Defined Contribution Plans Final Rules IRS QLAC Required Minimum Distributions Retirement Plan

PBGC Issues Enforcement Moratorium on 4062(e) Cases through End of 2014

In response to plan sponsor concerns, the Pension Benefit Guaranty Corporation (PBGC) announced a moratorium on the enforcement of ERISA Section 4062(e) cases through the end of 2014....more

9/3/2014 - ERISA PBGC Pensions

Monthly Benefits Update - July 2014

Two federal appeals courts issued contradictory rulings on the validity of subsidies for the purchase of health insurance under the federal marketplace established pursuant to the Affordable Care Act (ACA). On July 22, a...more

8/5/2014 - Affordable Care Act Burwell v Hobby Lobby Closely Held Businesses Contraceptive Coverage Mandate Defined Benefit Plans DOL Employer Mandates ERISA Health Insurance Health Insurance Exchanges Healthcare HHS Injunctions IRS Longevity Annuity Pensions Religious Freedom Restoration Act Reporting Requirements Safe Harbors Subsidies Tax Credits Wheaton College

Monthly Benefits Update

IRS Issues 2015 HSA Contribution Limits, High-Deductible Health Plan Definition, Out of Pocket Expense Limits - The Internal Revenue Service (IRS) issued guidance setting the inflation-adjusted amounts applicable to...more

5/2/2014 - Compliance Employee Benefits Healthcare HSA IRS

IRS Clarifies Position On Substantial Risk Of Forfeiture In Final Section 83 Rules

The IRS issued final regulations regarding the definition of “substantial risk of forfeiture” under Code Section 83. These regulations have a particular impact on the timing of taxation of employer transfers of stock and...more

3/20/2014 - Equity Compensation Forfeiture IRC Section 83(b) IRS Stocks

IRS Addresses Correction Method For Failure To Timely Provide Safe Harbor 401(k) Notice

In its retirement plan newsletter, the IRS stated that plan sponsors of safe harbor 401(k) plans who fail to issue safe harbor notices to employees on a timely basis may be required to make different corrections for different...more

3/20/2014 - 401k IRS Safe Harbors

HHS Releases Guidance On Disclosure Of Mental Health Information Under HIPAA

The HHS Office for Civil Rights issued guidance in question-and-answer format clarifying when a provider may release information regarding a patient’s mental health to family members, friends, law enforcement, and others. The...more

3/20/2014 - Disclosure EHR Healthcare HHS HIPAA Mental Health PHI

Health Care Reform: Agencies Issue Final And Newly Proposed Rules On Waiting Periods

The Internal Revenue Service (IRS), Department of Labor (DOL), and HHS (collectively, the “Agencies”) simultaneously issued final and proposed regulations regarding health plan eligibility waiting periods under the ACA....more

3/20/2014 - Affordable Care Act DOL Healthcare Healthcare Reform HHS IRS Waiting Periods

Monthly Benefits Update - February 2014

Health & Welfare Plans - Health Care Reform: IRS Issues Final ACA “Pay or Play” Regulations - The IRS issued final regulations regarding the employer shared responsibility provisions under the Affordable Care...more

3/5/2014 - Affordable Care Act Contraceptive Coverage Mandate Employee Benefits Employer Mandates Healthcare Healthcare Reform HHS IRS Pay or Play SCOTUS Shared Responsibility Rule

Health Care Reform: Seventh Circuit Rejects Notre Dame’s Request For Injunction Against ACA Contraception Mandate While Supreme...

A three-judge panel on the Seventh Circuit Court of Appeals rejected the University of Notre Dame’s request for a preliminary injunction that would permit the university to avoid complying with the ACA‘s contraception mandate...more

2/1/2014 - Affordable Care Act Contraceptive Coverage Mandate Notre Dame Preliminary Injunctions Religion

Illinois General Assembly Passes Pension Reform Bill

Both chambers of the Illinois General Assembly adopted the Conference Committee Report to Senate Bill 1 on December 3, 2013. The bill provides comprehensive pension reform for four state retirement systems – the Teachers’...more

12/6/2013 - Employee Benefits Pensions Retirement Plan

Monthly Benefits Update - November 2013

Health & Welfare Plans - Health Care Reform: Supreme Court Grants Review to Two Cases Challenging ACA’s Contraception Coverage Mandate - The United States Supreme Court has agreed to hear two cases challenging...more

12/3/2013 - 401k 403(b) Plans Additional Medicare Tax Affordable Care Act Closely Held Businesses Contraceptive Coverage Mandate Cost-of-Living Free Exercise Healthcare Healthcare Reform Hobby Lobby IRS Mental Health Parity Rule Pensions Retirement Plan RFRA Safe Harbors Voluntary Correction Program

Monthly Benefits Update - August 2013

Defense of Marriage Act - IRS Issues Guidance Recognizing Same-Sex Marriage for Federal Tax Purposes: In the wake of the U.S. Supreme Court’s decision in U.S. v. Windsor, which struck down the Defense of Marriage...more

9/5/2013 - DOMA Employee Benefits IRS Marriage Same-Sex Marriage SCOTUS Tax Benefits U.S. Treasury US v Windsor

Monthly Benefits Update - May 2013

Health Care Reform: Agencies Issue Final Regulations on Wellness Programs Under ACA - The Internal Revenue Service (IRS), Department of Labor (DOL), and the Department of Health and Human Services (HHS) finalized...more

6/4/2013 - Affordable Care Act Defined Contribution Plans DOL Health Insurance Exchanges Healthcare HHS IRS Proposed Regulation Retirement Plan

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