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| Benefits & Administration |
| ACA Affordability Percentage Increased for 2019 |
| Generally, the Affordable Care Act (ACA) requires coverage under a group health plan sponsored by an “applicable large employer” (at least 50 full-time equivalent employees) to be “affordable,” as determined under the ACA, in order to avoid certain penalties. The Internal Revenue Service (IRS) has increased the affordability percentage for 2019 to 9.86%, up from 9.56% in 2018, the law firm Haynes and Boone announced. “Affordability” is based on whether the premium for employee-only coverage is less than a certain percentage of an employee’s household income or a designated safe harbor amount. Because employers generally will not know an employee’s household income, the regulations provided certain safe harbors that employers may use to measure affordability.Read more > |
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| PLANSPONSOR Research |
| 2018 Health Savings Account Buyer’s Guide |
| The continued adoption of HSAs reflects how many employees have taken on greater decisionmaking roles in how their health care dollars are spent.Read more > |
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| Products, Deals and People |
| Investment Products and Services Launches |
| Transamerica launches Stable Value account for retirement plans; Fidelity offers third ESG investing option; Vanguard ESG ETFs to commence trading in September; and more. Read more > |
