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November 2022 Employer Newsletter

Norfolk, VA | Thursday, November 03, 2022 | Posted in Employer News & Webinars

Employee Wellness

Employee WellnessProvide your employees with the latest wellness newsletter with the November edition of Live Well, Work Well. Also available in Spanish.

Educate employees about their benefits with the November Benefits & Me Newsletter.

2022 ACA Employer Reporting

The IRS has released the final 2022 forms for 6055 and 6056 reporting

Applicable Large Employer (ALE) 

An ALE is an entity, or a member of a controlled group of entities, that employed on average 50 or more full-time employees or equivalents during the prior calendar year. Reporting is necessary for the IRS to administer the Employer Shared Responsibility Payments and allows an ALE to indicate whether it did or did not offer Minimum Essential Coverage (MEC), if the coverage was of minimum value, and whether or not it was intended to be affordable to the employee.

Self-Funded Employer Webinars

An employer with a self-funded or level-funded plan is deemed to be the issuer of the employee’s health insurance policy by the IRS and required to report the Minimum Essential Coverage (MEC) they offered their employees throughout the year. Even though the Individual Mandate Penalty has been reduced to zero,  the IRS still requires 1094/1095-B reporting. Fully insured employers are not required to report and do not need to attend this webinar.

Medicare News

What to know about 2023 Medicare Prescription Drug Plans During Open Enrollment

2023 Social Security Cost-of-Living Adjustment Will See Highest Increase in 40 Years

5 Medicare Changes Retirees Should Expect In 2023

Family Glitch Fix

The IRS has created a new affordability rule* based on the cost of family coverage and household income. An employee's spouse and dependents who were previously not eligible for subsidized coverage on the Marketplace might now be eligible. 

Our Compliance and HR team recently held a webinar discussing how this new affordability rule impacts employers, their employees, and their families. Please click here for a PDF version of the presentation. 

*This resolution does not affect the rule for affordability for Applicable Large Employers, and l

November HR Insights

arge employers should continue offering "affordable" employee-only coverage so they are not subject to penalties.

HR Insights

November HR Brief Newsletter

Health FSA Limit will Increase for 2023

IRS Expands Section 125 Mid-year Election Change Rules



The information herein should not be construed as legal or tax advice in any way. This content is provided for informational purposes only. You should seek the advice of your attorney or tax consultant for additional or specific information.