ThomsonReuters

FEBRUARY 4, 2021

QUESTION: We are an applicable large employer (ALE). For 2020, we offered coverage under our self-insured health plan to our salaried employees. We offered our hourly employees coverage under an individual coverage HRA (ICHRA). How do we report the ICHRA coverage on Forms 1094-C and 1095-C? ANSWER: Employers were able to offer ICHRA coverage to employees starting January 1, 2020 (see our Checkpoint article ).

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ThomsonReuters

FEBRUARY 4, 2021

DOL Fact Sheet: EBSA Restores Over $3.1 Billion to Employee Benefit Plans, Participants and Beneficiaries. Available at [link]. The DOL has issued its fiscal year (FY) 2020 enforcement fact sheet, highlighting the recovery of over $3.1 billion in direct payments to plans, participants, and beneficiaries. The fact sheet explains that the DOL’s Employee Benefits Security Administration (EBSA) has oversight responsibility over nearly 722,000 retirement plans, 2.5 million health plans, and a simila

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Compliance 52

ThomsonReuters

FEBRUARY 4, 2021

Field Assistance Bulletin 2021-01 (Jan. 12, 2021); Missing Participants — Best Practices for Pension Plans (Jan. 12, 2021). FAB 2020-01. Best Practices. The DOL has issued more guidance on missing participants, including a temporary enforcement policy on use of the PBGC’s expanded Missing Participants Program (PBGC Program) and informal guidance on best practices for dealing with missing and unresponsive participants.

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Banking 52

ThomsonReuters

FEBRUARY 4, 2021

HHS: 2016-2017 HIPAA Audits Industry Report (Dec. 2020). Available at [link]. HHS’s Office for Civil Rights (OCR) has issued a report describing its 2016–17 audit program, which reviewed covered entities’ and business associates’ compliance with certain HIPAA privacy, security, and breach notification rules (see our Checkpoint article ). The report summarizes the audit results and recommends resources to address deficiencies identified in the audits.

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Compliance 52

Speaker: Susan Spencer, Principal of Spencer Communications

Intent signal data can go a long way toward shortening sales cycles and closing more deals. The challenge is deciding which is the best type of intent data to help your company meet its sales and marketing goals. In this webinar, Susan Spencer, fractional CMO and principal of Spencer Communications, will unpack the differences between contact-level and company-level intent signals.

Marketability

ThomsonReuters

FEBRUARY 4, 2021

Additional Codes are Available for Reporting an Offer of an Individual Coverage Health Reimbursement Arrangement (HRA) (Feb. 3, 2021). Available at [link]. The IRS has announced a post-release addition to the codes for the 2020 Form 1095-C (see our Checkpoint article ). According to an IRS website post, an applicable large employer that offers an individual coverage HRA (ICHRA) can use two previously reserved codes from Code Series 1 on Form 1095-C, line 14, for reporting offers of coverage fo

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