This Quarter’s Topics

Address/Phone Change

Voicemail

#1 Error

HRA

Address/Phone Change

We have a new mailing address!  We are now located in the Lyons Plaza on Lyons Avenue in Newhall, California and our mailing address is:
               P.O. Box 221150
               Newhall, CA  91322
If you want to stop by just call or email us for directions. 
Our phone number has also changed and is now (661) 568-6801.  
Our email has not changed and is stewardship@ssfoundation.net. 

Voicemail

Voicemail can be a great tool for us during tax season.  It is helpful if you have an active voicemail that is not full.  When you leave us a voicemail please try to leave your question or any information we requested in your message to us.

#1 Error

The absence of form 1095-A is one of the biggest causes of error notices from the IRS.  When you obtain health insurance through one of the state exchanges or marketplace website and receive a subsidy, you MUST send us a copy of your form 1095-A when we prepare your tax return.  If you do not receive a 1095-A you will have to contact the exchange to get one before you send us your tax information.  If you do not receive a subsidy you will not have a form 1095-A.

HRA

Most churches will want to continue using a stand-alone HRA or the QSEHRA (Qualified Small Employer Health Reimbursement Arrangement).  These are not subject to ERISA and are easily managed.  But…

There is a new HRA option available beginning January 1, 2020.  It is called the ICHRA (Individual Coverage Health Reimbursement Arrangement).  The ICHRA is subject to  ERISA (Employee Retirement Income Security Act) regulations.   A church would be required to have a plan document and monitor their plan’s compliance with the ever changing ERISA requirements.  We would recommend that you use a benefits professional to draft and monitor your plan.  For more information contact a benefits specialist.  We would love to give you the name of someone to contact for more information but we do not have any recommendations at this time.  Also, with a ICHRA you cannot be reimbursed for Christian Medical Sharing Plans because the ICHRA is considered a group insurance plan. 

Sincerely in Christ,

James W. Rickard

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