Legal Alert – ADVISORY: District Court Judge in Texas Strikes Down the ACA, But Law Remains In Effect for Now

On Friday, a district court judge in Texas found the ACA to be unconstitutional after the Tax Cuts and Jobs Act’s changes to the ACA’s individual mandate penalty. The ACA remains in effect pending appeal of the judge’s decision, and employers are advised to continue to abide by the ACA’s employer mandate and reporting requirements.

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Legal Alert: IRS Extends Deadline for Furnishing Form 1095, Extends Good-Faith Transition Relief

The Internal Revenue Service (IRS) has extended the deadline for furnishing 2018 Forms 1095-B and 1095-C to individuals from January 31, 2019 to March 4, 2019, as well as extended penalty relief for good-faith reporting errors. The due date for filing the forms with the IRS was not extended and remains February 28, 2019 (April 1, 2019 if filed electronically).

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Legal Alert – IRS Increases Health FSA Contribution Limit for 2019, Adjusts Other Benefit Limits

On November 15, 2018, the Internal Revenue Service (IRS) announced an increase to the health Flexible Spending Account (FSA) salary reduction contribution limit of $50 to $2,700 for plan years beginning in 2019 along with other cost-of-living adjustments that apply to dollar limitations in certain sections of the Internal Revenue Code. This Legal Alert summarizes the adjustments relevant to individuals and employer sponsors of welfare and fringe benefit plans.

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