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Tag: Utah Health Exchange

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ERISA & SPD Wrap or Summary Plan Description Wrap Documents

Recently we joined forces with a company to assist in additional forms of compliance.  These compliance issues fall directly in line with the rumors of the ERISA DOL Audits.  HR Service Inc and ERISA Solutions are those companies.  The professional atmosphere, experienced employees, and customer service-oriented environment is appealing; yet the powerful and user-friendly tools/documents…
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PROPOSED CHANGES TO CAFETERIA PREMIUM ONLY PLAN ELECTIONS & LOOK-BACK PERIOD

In September the IRS issued two notices regarding the Affordable Care Act.  Notice 2014-49 describes a proposed approach for applying the look-back measurement method used to determine full-time employee status for purposes of IRS Code § 4980H in situations when the measurement period applying to an employee changes. This change may occur because the employee…
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Utah State Exchange AvenueH Offers Small Business Options for their Section 125 POP Documents

Utah has a state run exchange that has been running for years prior to the launch of the “Affordable Care Act”.  The state run exchange named Avenue H is exclusively for small business with 2-50 employees.  Despite the delays in the federal run exchanges to offer multiple carriers on a defined contribution, Avenue H has…
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What Products are IRS Section 125 Eligible Expenses?

Often referred to as Cafeteria or IRS Section 125 a Premium Only Plan is an employee benefit plan that allows employees to select desired benefits from their employer’s benefit package, “cafeteria” style.  The real benefit of this type of plan is the tax favored treatment from the IRS if set up in accordance with Section…
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Why Use the Utah Health Exchange?

With all the recent talk about health insurance reform, you may be surprised to know that Utah addressed this topic some years ago.  As early as 2005, Utah State Government made health system reform a top priority.  During the 2008 legislative session HB 133 was passed, in 2009 HB 188 passed forming the Utah Health…
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