Willis Towers Watson Insider covers health care and retirement benefit regulations, case law and policy, along with historical trends and future directions. This issue reports on proposed guidance for offering an individual coverage health reimbursement arrangement (HRA) that meets Affordable Care Act (ACA) requirements, proposed rules for hardship distributions, comments to the IRS from Willis Towers Watson seeking further guidance on grandfathered compensation under section 162(m) and the delayed due date for providing 2018 ACA information returns to individuals.
The notice proposes a multistep process and introduces three safe harbors that would enable individual coverage HRAs to satisfy the employer mandate. Read more.
The proposed regulations answer some key interpretive questions about recent changes to the laws that govern hardship distributions. Read more.
Recent tax reforms repealed performance-based exceptions and expanded the definition of covered employees, but exempted certain grandfathered compensation. Read more.
The new due date is March 4, 2019, and there will be no further extensions. The due date for filing information reporting forms with the IRS remains April 1, 2019. Read more.