Legislation Alert! Proposed IRS 457(f) regulations may affect schools’, cities’ and counties’ sick leave and vacation leave plans
December 5, 2016
IRS Updates Will Impact School, City and County HRA Plans in 2017
December 19, 2016Legislation Alert! Proposed IRS 457(f) regulations may affect schools’, cities’ and counties’ sick leave and vacation leave plans
December 5, 2016IRS Updates Will Impact School, City and County HRA Plans in 2017
December 19, 2016
As we ring in the new year, 2017 will be bringing forth some changes to some Affordable Care Act (ACA) requirements. These are applicable to employers with 50 or more employees. The key 2017 ACA changes for school, city and county employers include:
- Plan design changes
- Cost-sharing limits
- Health FSA contributions
- Summary of Benefits and Coverage (SBC)
- Reinsurance fees
- Employer shared responsibility rules
- Health plan affordability
- Reporting of coverage
- Section 6055
- Section 6056
In preparation for these changes, schools, cities and counties should review the upcoming requirements and develop a strategy to ensure that they will continue to be in compliance. Download the 2017 ACA checklist to learn what’s changing and what action steps should be taken.
For more information, contact your NIS Representative.
Erin Woulfe
Erin Woulfe likes to write about things that matter. Keeping her finger on the pulse of what’s happening in the public sector world, she blogs about the latest legislative news and employee benefit trends that affect our school, city and county clients. She’s been with NIS since 2002.
“I love connecting to our clients and providing them with the tools they need in order to administrate their plan,” says Erin. “Whether that be materials to educate their employees on certain benefits, how to effectively communicate change within an organization or just providing tips and how-to’s to help them make their job easier.”
