Author: Created: 10/15/2012
Now posting blogs for ProSential Group, our partner Proskauer Rose LLP is an international law firm providing a wide variety of legal services to clients worldwide. Proskauer’s expertise covers a broad range of employment sectors, and their vast experience helps employers navigate the ever-changing terrain of employment law, including federal, state and local laws and regulations. Proskauer effectuates creative solutions to help clients promote employee morale and job satisfaction, reduce paperwork and properly transition workforces, as well as guide them through workplace audits and proper compliance.
By Peter Marathas, ProSential Compliance on 1/20/2016

On December 18, 2015, the President signed the Consolidated Appropriations Act, 2016 (CAA), which, among other changes to the Internal Revenue Code, permanently and retroactively restores parity by equalizing the limits for pre-tax parking and commuter benefits.

By Peter Marathas, ProSential Compliance on 1/19/2016
On December 16, 2015, the IRS released Notice 2015-87, which contains guidance on a broad range of topics under the Affordable Care Act (“ACA”), including:
By Peter Marathas, ProSential Compliance on 1/11/2016

“I’m just a bill, yes I’m only a bill, and I’m sitting here on Capitol Hill…”

A generation of Americans first learned of the legislative process from the 1976 “Schoolhouse Rock” cartoon segment called “I’m Just a Bill.” In the song, “Bill”—a fictitious bill proposed in Congress—starts as an idea by “some folks back home.” A Congressman hears the call and brings Bill to Washington, where he first sits in committee and then is passed by the House of Representatives and then by the Senate. If Bill is lucky enough to get signed by the President, he becomes law. Bill reminds us near the end of the song that “it’s not easy to become law.” That’s true. But the sequel to “I’m Just a Bill” might focus on the desire of some federal regulators to rewrite the laws after the process described in “I’m Just a Bill” is completed.

By Peter Marathas, ProSential Compliance on 12/29/2015

On Monday, December 28th the Internal Revenue Service (IRS) announced it was delaying the 2016 Affordable Care Act reporting requirements. In Notice 2016-4 the IRS announced that the deadline for providing to individuals the 2015 Form 1095-B and Form 1095-C is delayed from February 1, 2016 to March 31, 2016

By Peter Marathas, ProSential Compliance on 12/18/2015

On Friday, December 18, the Senate voted to approve the Protecting Americans From Tax Hikes Act of 2015, which delays for two years the Affordable Care Act’s (ACA) excise tax on high cost employer-sponsored health coverage (the “Cadillac tax”). The bill also places a two-year moratorium on the ACA’s medical device tax and a one-year moratorium on the ACA’s annual fee on health insurers.

By Peter Marathas, ProSential Compliance on 2/11/2015
Anthem Inc. (Anthem), the nation’s second-largest health insurer, revealed late on Wednesday, February 4 that it was the victim of a significant cyber attack exposing personal information of approximately 80 million individuals. This client alert discusses certain breach notification considerations the incident raises for employers, multiemployer health plans, and others responsible for employee health benefit programs under the Health Insurance Portability and Accountability Act (HIPAA) and state data breach notification laws.
By Peter Marathas, ProSential Compliance on 1/15/2015
Prior to the enactment of the Tax Increase Prevention Act of 2014 (“TIPA”) in December 2014, effective for 2014, mass transit commuters were only able to contribute a maximum of $130 per month on a pre-tax basis toward their transit expenses (a reduction from $245 per month permitted in 2013).

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