Compliance Corner

WHA Financial Solutions' Compliance Corner newsletter contains valuable information on timely compliance and regulatory issues. Click on the date to view that issue. 

April 30, 2008

  • IRS Issues Final HSA Comparability Regulations
  • Final Rules Update Provisions for Medicare Part D Retiree Drug Subsidy
  • IRS Information Letter Regarding Wages Paid in Lieu of Health Care Benefits
  • Court Rules on Contract Worker's FMLA Request
  • State Updates 

April 15, 2008 

  • DOD Issues Proposed Regulations Regarding TRICARE Incentives
  • FSA Plan Documents Determined to be Misleading 
  • Choosing a Retirement Solution for Your Small Business - DOL Video 
  • State Updates: IL

April 2, 2008

  • EBSA Issues Proposed Model Notice for "Critical Status" Multiemployer Pension Plans
  • New FMLA Poster Insert for Military Leave Available for Use
  • Deadline Extended for Retiree Drug Subsidy Reconciliation
  • IRS Releases 2007 Version of Form 8839 for Determining Adoption Credit
  • IRS Clarifies When DCAP or DCTC Tax Credits may be Used
  • IRS to Begin Issuing Opinion and Advisory
  • Plan Document Showed Employer Endorsement of Voluntary Plan

     

March 18, 2008

  • IRS Revises Publication 969: Health Savings Accounts and Other Tax-Favored Health Plans
  • WHCRA Does Not Prohibit Claims Payments Based on U&C
  • IRS Notice 2008-30 Provides Guidance on Newly Effective Distribution Provisions

March 5, 2008

  • Supreme Court Rules that Individual Participants May Sue for Breach of Fiduciary Duty
  • EBSA Proposes Safe Harbor Period for Depositing Participant Contributions to Plan
  • ERISA Preempts State Law for Health Plan Payroll Deductions
  • CMS Releases Final Medicare Secondary Payer Regulations
  • CMS Publishes List of Review Items for HIPAA Security Investigation
  • DOL Introduces Online Retirement Planning Resource

February 20, 2008

  • Reminder: Calendar Year Cafeteria Plan Grace Period Ends March 15
  • DOL Issues Proposed Changes to FMLA
  • DOL Issues Bulletin on Collecting Delinquent Contributions
  • Reviews to Begin on HIPAA Compliance
  • EBSA Issues Checklist for Wellness Programs
  • CAHI Releases State Mandate Summary
  • State Updates

 February 7, 2008

  • Reminder: Medicare Part D Disclosure to CMS
  • FMLA is Expanded to Include Military Related Leave
  • Court Rules LTD Plan's Denial Letter is Deficient
  • IRS Addresses Pre-approved and Individually Designed Retirement Plan FAQs

January 23, 2008

  • Age-Related Exception Authorizes Different Benefit Levels for Retirees Under and Over Age 65
  • IRS Provides Guidance Regarding Definition of Qualifying Relative
  • New EBSA Online Calculator Available to Help in Filing Overdue Form 5500s
  • New Group Health Plan Reporting Requirement
  • IRS Releases Revised Forms and Instructions

January 10, 2008

  • Important Guidance on HIPAA Portability Rules and Supplemental Coverage
  • Transitional Relief and Proposed Regulations on Diversification of Employer Securities
  • A More-than-2% Shareholder of Subchapter S-Corp May Deduct Health Insurance Premiums
  • Diagnostic Procedures May Be Qualified Medical Expenses Even Without Symptoms or Doctors Recommendation
  • Mental Health Parity Extended
  • Proposed Regulations Issued on Fee Disclosure Requirements
  • Failure to Provide Plan Notices May Result in Fines Up to $1,000 Per Day
  • IRS and Department of Labor have released updated versions of the following forms: IRS Form 990, IRS Form 8889, IRS Publication 503, 2007 MEWA FORM M-1
  • State Updates