WCGB Monthly Blog

Applicable Large Employers (ALEs) must furnish Forms 1095-C (both fully insured and self/level-funded plans) and 1095-B (if self/level-funded plans) to covered individuals by March 2, 2026. Electronic filers are required to submit corresponding copies (Forms 1094-C, 1094-B, 1095-C, and 1095-B) to the IRS by March… [Read more]

WASHINGTON — The Department of the Treasury and the Internal Revenue Service issued Notice 2026-05 PDF providing guidance on new tax benefits for Health Savings Account participants under the One, Big, Beautiful Bill. These changes expand HSA eligibility, which allows more people to save and to pay… [Read more]

March is Colorectal Cancer Awareness Month. According to the World Health Organization, colorectal cancer is the third most common cancer worldwide, accounting for approximately 10% of all cancer cases, and it is the second leading cause of cancer-related deaths globally. For many years, concerns about… [Read more]

Most people think that visiting their dentist every 6 months just helps keep your gums and teeth healthy; however, seeing your dentist is much more important than that. Chronic disease, like diabetes, can affect your oral health and conversely, dental issues can be indicative of… [Read more]

If you have Medicare and other group health insurance through your employer. each type of coverage is called a “payer.” When there’s more than one payer, Medicare’s coordination of benefit rules decide who pays first. The “primary payer” pays what it owes on your bills… [Read more]

Under the Affordable Care Act (ACA), if you are an “applicable large employer” (ALE), there are two key things you need to know this time of year: First, if you do not offer at least 95% of your full-time employees health coverage that qualifies as… [Read more]

The IRS has released the 2024 limits for certain employee benefit plans and the dollar amounts used for certain nondiscrimination testing.  Health Flexible Spending Accounts. The 2024 limit for employee contributions to health flexible spending accounts will increase to $3,200. If a cafeteria plan permits the carryover… [Read more]

The IRS announced that starting in 2024, employees can contribute up to $23,000 into their 401(k), 403(b), most 457 plans or the Thrift Savings Plan for federal employees. That’s an increase of $500 from the 2023 limits. The catch-up contribution limit for employees ages 50… [Read more]

Beginning January 1, 2024, California employers will need to provide 40 hours or five days per year of paid sick leave, a 16 hour or 2 day increase per year over the current practice.  Employers have two (2) methods available when granting paid sick leave… [Read more]

Under section 603(c) of the SECURE 2.0 Act, catch-up contributions from participants in 401(k), 403(b), or governmental 457(b) plans earning $145,000 or more must be made as Roth contributions.  Initially, the provisions of section 603 applied to taxable years beginning after December 31, 2023. The… [Read more]