Health Benefits

DID YOU KNOW? The IRS recently announced new 2018 limits for qualified retirement plans. These limits help increase the value of qualified retirement plans for your employees. Contact Stuckey Insurance to discuss how these changes may impact your plans. DOL Provides Update on Overtime Rule Last May, the Department of Labor (DOL) announced a new rule that would affect who qualifies for...

DID YOU KNOW? A federal judge struck down the Department of Labor’s (DOL) overtime rule, which would have raised the Fair Labor Standards Act minimum salary threshold from $23,660 to $47,476. Based on the court’s ruling, the DOL will need to present a more reasonable salary threshold if it wishes to pass any future overtime rules. This means employers should continue operating as usual, but...

Medicare Part D Notices Due by Oct. 14, 2017 Each year, Medicare Part D requires group health plan sponsors to disclose to individuals eligible for Medicare Part D and to the Centers for Medicare and Medicaid Services (CMS) whether the health plan’s prescription drug coverage is creditable. Plan sponsors must provide the annual disclosure notice to Medicare-eligible individuals before Oct. 15,...

HIGHLIGHTS Final forms for 2017 reporting under Section 6055 and Section 6056 are now available. Final instructions for 2017 were released in early October. The 2017 forms are substantially similar to the 2016 versions. Additional clarifications were included in the instructions. IMPORTANT DATES January 31, 2018 Individual statements for 2017 must be furnished by Jan. 31, 2018. February 28,...