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News Updates

IMPORTANT DATES
January 17, 2017
The 2018 Notice of Benefit and Payment Parameters is effective Jan. 17, 2017.
2018 Benefit Year
The changes included in the final rule generally apply for the 2018 benefit year.

 
OVERVIEW
On Dec. 16, 2016, the Department of Health and Human Services (HHS) released its final Notice …

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IMPORTANT DATES
January 1, 2018
The final rule’s changes are applicable to claims submitted on or after Jan. 1, 2018.
 
 

OVERVIEW
On Dec. 16, 2016, the Department of Labor (DOL) released a final rule to strengthen the claims and appeals requirements for plans that provide disability benefits. According to …

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Increased Limits

HSA contribution limit for individuals with self-only HDHP coverage
Out-of-pocket maximum for essential health benefits (non-grandfathered plans)
 Health FSA limit for employee pre-tax contributions

Unchanged Limits

HDHP minimum deductibles and maximum out-of-pocket limits
Monthly limits for transportation fringe benefit plans
Employees’ elective deferrals to 401(k) plans, pre-tax and Roth

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IMPORTANT DATES
March 2, 2017
Deadline for furnishing 2016 Forms 1095-B and 1095-C to individuals
February 28, 2017
Deadline for 2016 filing with the IRS in paper form
March 31, 2017
Deadline for 2016 filing with the IRS electronically

OVERVIEW
On Nov. 18, 2016, the Internal Revenue Service (IRS) issued Notice 2016-70 to:

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IMPORTANT DATES
October 25, 2016
The IRS announced the health FSA dollar limit for 2017.
Tax Years Beginning in 2017
The $2,600 dollar limit on employee salary reduction contributions to health FSAs applies for these years.

OVERVIEW
The Affordable Care Act (ACA) imposes a dollar limit on employees’ salary reduction contributions to health flexible spending …

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What Others Say About Us

There is no area of insurance that Sullivan doesn’t cover, from making sure we are up to date on regulatory things to helping our people. We are very much hands-on. At Wayne we know that our manufacturing employees are the reason the rest of us have jobs. We also have a motto that if you take care of your customers then everything else will ta…

Jeanne JewettHuman Resources DirectorWayne Automatic Fire Sprinklers
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