Skip to content

Building a Bright Future

January 25, 2018

PIP Email Banner for Asheville.jpg

Get ready for a vibrant mountain destination! As part of our Provider Incentive Program, top 2018 distributors will earn a trip to the beautiful and charming city of Asheville, North Carolina, and stay at the grand Omni Grove Park Inn!

With its innovative culture and breathtaking mountain scenery, it’s no surprise that Asheville was named by National Geographic Travel as an “up and coming” city in its new book, World’s Best Cities: Celebrating 220 Great Destinations.

Build a bright future with us in 2018, and experience abundant rewards in Asheville:

  • Visit a welcoming, vibrant location offering adventure and tranquility.
  • Be treated VIP-style treatment at an exquisite 4-diamond property.
  • Get the inside scoop on latest TASC news, service offerings, and innovations.
  • Gain an edge on the competition via valuable industry “insider” meetings.
  • Savor some of the best regional fare—a mecca of high southern cuisine.
  • Absorb the area’s culture and attractions via exclusive excursions.
  • Establish lifelong friendships with peers in the industry.
  • Celebrate the mountain scenery in the breathtaking Blue Ridge Mountains.
  • Rejuvenate in luxury at the The Spa at Omni Grove Park Inn.

Click here to view the PIP Asheville brochure.

Be sure to work with your Regional Sales Director on how to earn the trip.

We look forward to a great year together and hope to see you in Asheville.

Advertisements

Balistreri – Graduate of the Leadership Greater Madison Program

January 4, 2018
Congratulations to Mario Balistreri, TASC’s most recent participant and graduate of the Leadership Great Madison program.  Leadership Greater Madison (LGM) provides advanced leadership training to help future community leaders become more aware of the issues affecting our area and the opportunities that exist to get involved. The program focuses on helping participants learn how to develop in-depth analysis of, identify resolution management approaches to, and communicate about, critical public issues while placing special emphasis on contemporary issues, challenges and opportunities, as well as “real world” options and experiences. Over a period of 10 months participants serve on an “Issue Team” and focus on specific issues facing the Dane County area. To see and learn more about what Mario’s team did, you can watch the video they prepared for their final project. Click Here to watch the video.

image001 (1)

TASC President,Cliff Mason, awarded 2018 Executive of the year.

December 28, 2017

We are proud to announce that our TASC President, Cliff Mason, has been awarded 2018 Executive of the year by InBusiness Magazine. What an honor to have such outstanding leadership.

Click here for the full InBusiness Magazine article:http://www.ibmadison.com/…/2018-IB-Executive-of-the-Year-w…/

 Cliff-Mason---portrait

Employers who sponsored QSEHRA Plans in 2017 must report the benefit on employee’s W-2 form.

December 20, 2017
by

If you have eligible employees who are entitled to receive payments and reimbursements from the Small Business HRA (also known as a QSEHRA) for the calendar year 2017,, please be aware you must do the following:

  • Enter code FF in Box 12a on the employee’s W-2 form (This code was been assigned to represent QSEHRA payments/reimbursements.)
  • Enter the maximum PERMITTED benefit. In 2017, this was $4,950 for an individual and $10,000 for a family.

For instance, this is what the W-2 would look like for an employee with individual coverage under the QSEHRA who was reimbursed for $3,500 in benefits.

2017 Form W-2

Complete and distribute your employee W-2 forms by January 31, 2018 and be sure to use the new FF code in box 12 for any QSEHRA eligible employees. For more information, click on the following LINK and see Section J (Reporting Requirement) which starts on page 35 or contact your tax professional.

ACA Minimum Essential Coverage Reporting is required for Microbusiness No Limit Plan Clients

December 15, 2017
by

A new President and Congress continue attempts to repeal the Affordable Care Act (ACA). To date, they have not had success in doing so and therefore the ACA Reporting requirement for Minimum Essential Coverage stands.

Employers who provide health coverage are required to report health Minimum Essential Coverage information to covered employees, former employees and the IRS annually. For Group-insured health plans, this requirement lies with the insurance carrier. For self-insured Plans, this responsibility rests with the employer.

Employers are required to submit a 1094-B Transmittal Form and 1095-B forms for each covered employee to the IRS by February 28th, or March 31st if filing electronically.

In addition, they must distribute IRS Form 1095-B to affected employees by January 31st. Employees will use this form when completing their own individual income tax returns as proof of health insurance coverage for the prior calendar year. Under existing Healthcare Reform rules, an individual can be fined for any month they fail to maintain health coverage.

To help ensure the compliance, TASC will once again email (or mail if TASC doesn’t have an email address on file) its Microbusiness multi-employee No Limit Plan Clients (who don’t sponsor Group insurance) detailed instruction and links to these online fillable tax forms next week.

TASC’s legal, compliance and governmental affairs departments have concluded that Clients who had a QSEHRA Small Business HRA are not required to file or distribute these forms.

TASC’s ACA Reporting service is available to all other Clients for a fee. If interested in learning more, please contact your RSD or call Customer Care at 800.422.4661.

Tax season is right around the corner

December 4, 2017
by

You probably need no reminder; however, it’s time for your Clients to start thinking about tax season! TASC makes it fast and easy for your Clients to get the records they need with MyTASC online tools. These tools let your Clients download their AgriPlan, BizPlan and No Limit Plan Year-End Report as soon as they’ve finished submitting all of their medical expenses for the year—and the earlier they have their Year-End Report in hand, the sooner they can schedule an appointment with you or their tax professional!

We make it fast and easy for your Clients to download their Year-End Report

Here are the instruction we are sending to your Clients:

  • Log in to your MyTASC account at http://www.tasconline.com. There’s an instructional video on how to log in to MyTASC on the TASC home page.
  • Enter any additional medical expenses that weren’t purchased through your TASC Card. (Expenses paid for with your TASC card are already included.)
  • Click on the Create Year-End Report button (found under both My Expenses and the Year-End Report tab in MyTASC).
  • We’ll compare your expenses against a list of eligible ones. If your expenses are approved, you’ll be able to immediately create and print your report in PDF format.
  • If any of your submitted expenses are in question, your Year-End Report will take another three to five business days for manual review. After this review and approval, you’ll receive an email with a link to log back into MyTASC and you’ll be able to download your report at your convenience.

Do you prefer a paper Transmittal?

If you told us last year that you wanted a Transmittal form mailed, you will receive one in the mail this year and every year thereafter.

If you have not previously request a mailed paper Transmittal form and would prefer this method of reporting your expenses, please complete our Online Form or submit a MyService Request online (log in to MyTASC, click on the Contact Us tab, click on the Service Request link, fill out and submit the form). Please have your TASC ID available. You should receive your paper Transmittal in the mail within 5 to 10 business days. You need only contact us one time in regard to receiving a mailed Transmittal.

Would you like to save time and print a Transmittal worksheet?

If you would like to download and complete a paper Transmittal of your expenses, click on Year-End Report from the MyTASC home page or the Year-End Report tab anytime after December 20th. Then simply click on the Paper Transmittal link to open and print a PDF Transmittal worksheet. Complete the form and mail to TASC.

Thank you for your business!

 

Compliance – the Time is Now to Refocus

November 2, 2017

During the past several months, more employees have been concerned about the Affordable Care Act (ACA), and the potential of “appeal, repair or replace.” With the unknowable legislative change, employees must refocus on everyday challenges of other long-existing, unwavering Federal regulations.  A business that isn’t aware of its HR responsibilities is clearly headed for trouble. The regulators, the DOL, the HHS, and the IRS have increased the number of audits to ensure employers are compliant and not violating employees’ rights.  In addition to potential fines and penalties imposed by the regulators, employees are awarded hundreds of thousands of dollars through private litigation.

Learn More from our VP of Compliance,Carolyn McNairy, by reading the full article in SHRM HR Professionals magazine.

HRPM-Nov2017-Rd5-15-Compliance-the-Time-is-Now-to-Refocus