News

Wednesday, 28 June 2017
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Virtus Benefits Legal Alert : Senate Republicans Release Healthcare Bill; Largely Mirroring House Bill but with Some Key Differences     Inform on Reform | Legal Client Alert   Senate ...Read More...
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Posted on 06/28/2017 8:41 AM by David
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Tuesday, 01 November 2016
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IRS Increases Health FSA Contribution Limit for 2017, Adjusts Other Benefit Limits On October 25, 2016, the Internal Revenue Service (IRS) released Revenue Procedure 2016-55, which raised the health Flexible Spending Account (FSA) salary reduction contribution limit to $2,600 for ...Read More...
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Posted on 11/01/2016 5:00 PM by David Johnson
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Tuesday, 27 September 2016
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The newest scam involving a fraudulent email notice from the Internal Revenue (IRS) may have your employees coming to you asking about their insurance coverage for 2014. The Internal Revenue Service late last week issued an alert to tax payers and tax professionals for an IRS scam related to the ...Read More...
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Posted on 09/27/2016 7:48 PM by David Johnson
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Wednesday, 21 September 2016
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Employers with self-insured major medical plans are reminded to report their membership count to the U.S. Department of Health and Human Services ("HHS") via the pay.gov website by November 15, 2016, as part of the Affordable Care Act's ("ACA") transitional reinsurance fee (the "Fee").    The Fee ...Read More...
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Posted on 09/21/2016 7:32 PM by David Johnson
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Tuesday, 09 August 2016
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  David published this article in the Nashville Business Journal. You can view the original article here. For those not subscribed, we want to share it with you here: Earlier this year, I wrote what employers should share with their employees who received an IRS Form 1095. Since the U.S. Department ...Read More...
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Posted on 08/09/2016 6:55 PM by David Johnson
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Tuesday, 19 July 2016
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  David published this article in the Nashville Business Journal. You can view the original article here. For those not subscribed, we want to share it with you here: In recent weeks, Aetna commented on how they have made efforts to protect their covered lives security over the years. However ...Read More...
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Posted on 07/19/2016 7:58 PM by David Johnson
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Wednesday, 15 June 2016
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  Virtus Benefits Webinar Connection Invitation Wellness Programs on Limited Budget Affordable wellness programs are not a myth! Develop a wellness program on a limited budget with wellness author and CEO Will Clower. To register for this webinar: CLICK HERE Password: PDB1506 June ...Read More...
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Posted on 06/15/2016 8:43 PM by David Johnson
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Thursday, 09 June 2016
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Employers that sponsor self-insured group health plans, including health reimbursement arrangements (HRAs) should keep in mind the upcoming August 1, 2016 deadline for paying fees that fund the Patient-Centered Outcomes Research Institute (PCORI).  As background, PCORI was established as part of health ...Read More...
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Posted on 06/09/2016 8:07 PM by David Johnson
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Tuesday, 24 May 2016
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Benefits Advisors Network Webinar Connection Invitation To register for this webinar: CLICK HERE Password: BPS2505 Virtus Benefits Monthly Webinar Series Best Practices for Switching HR Technology Providers VIRTUS May 25, 2016 12:00 pm to 1:00 pm  Eastern 11:00 am to 12:00 ...Read More...
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Posted on 05/24/2016 10:57 AM by David Johnson
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Friday, 15 April 2016
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On March 21, 2016 the U.S. Department of Health and Human Services' Office for Civil Rights (OCR) announced the start of phase 2 (Phase 2) of the Health Insurance Portability and Accountability Act (HIPAA) Audit Program. Phase 2 will consist of more than 200 desk and onsite audits of both covered entities ...Read More...
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Posted on 04/15/2016 12:59 PM by David Johnson
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Tuesday, 08 March 2016
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Health care reform expands ERISA's disclosure requirements by requiring that a summary of benefits and coverage (SBC) be provided to applicants and enrollees before enrollment or re-enrollment. Specifically, an SBC must be provided at open enrollment, initial enrollment and special enrollment or upon ...Read More...
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Posted on 03/08/2016 11:41 AM by David Johnson
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Thursday, 25 February 2016
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The Affordable Care Act (ACA'') exposes applicable large employers to penalties if they do not offer full-time employees health insurance that meets the ACA's minimum value and affordability requirements. One strategy for minimizing exposure to penalties under the employer shared responsibility provisions ...Read More...
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Posted on 02/25/2016 2:24 PM by David Johnson
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Tuesday, 16 February 2016
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Benefits Advisors Network Webinar Connection Invitation To register for this webinar: CLICK HERE Password: HRT2402 Virtus Benefits Monthly Webinar Series HR Technology: Human Capital Management Technology VIRTUS February 24, 2016 12:00 pm to 1:00 pm  Eastern 11:00 am to ...Read More...
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Posted on 02/16/2016 12:37 PM by David Johnson
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Tuesday, 09 February 2016
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Last week David had his article published in the Nashville Business Journal. You can see the article here, but for those not subscribed we wanted to share this with you here: Over the past few years, you have deployed extra resources and money to navigate and comply with the complexities of the ACA; ...Read More...
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Posted on 02/09/2016 10:37 AM by David Johnson
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Tuesday, 26 January 2016
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On December 16, 2015, the IRS released Notice 2015-87, which contains guidance on a broad range of topics under the Affordable Care Act ("ACA"), including:     Health Reimbursement Arrangements ("HRAs")     The application of COBRA to health FSAs with a carryover feature     Section 6056 Reporting ...Read More...
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Posted on 01/26/2016 10:07 AM by David Johnson
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Wednesday, 06 January 2016
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Benefits Advisors Network Webinar Connection Invitation To register for this webinar: CLICK HERE Password: ARR1301 Virtus Benefits Monthly Webinar Series ACA Update & Reporting Requirements This webinar provides an update on recent events and regulatory guidance under the ACA, along ...Read More...
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Posted on 01/06/2016 10:54 AM by David Johnson
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Wednesday, 23 December 2015
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We would like to wish you all a safe and Merry Christmas and a Happy New Year! The Virtus Team   ...Read More...
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Posted on 12/23/2015 1:32 PM by David Johnson
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Thursday, 17 December 2015
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On Tuesday, December 15, 2015, the U.S. House of Representatives released a tax bill called the Protecting Americans From Tax Hikes Act of 2015, which, if passed into law, will place a two-year moratorium on the Affordable Care Act's (ACA) medical device tax and the excise tax on high cost employer-sponsored ...Read More...
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Posted on 12/17/2015 2:17 PM by David Johnson
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Tuesday, 01 December 2015
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Benefits Advisors Network Webinar Connection Invitation To register for this webinar: CLICK HERE Password: YIR1612 Virtus Benefits Monthly Webinar Series Year in Review & Future Forecast This webinar reviews the major legal and regulatory changes in 2015 affecting employee health ...Read More...
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Posted on 12/01/2015 12:49 PM by David Johnson
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Thursday, 12 November 2015
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As the year comes to a close and we move toward further widespread implementation of the Affordable Care Act (ACA) in 2016, we want to keep our friends and clients up-to-date on the latest ACA developments by summarizing recent legal news and regulatory guidance relevant to employee benefit plans.  ...Read More...
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Posted on 11/12/2015 8:38 AM by David Johnson
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