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PCORI Fees Due by July 31, 2017

Under the Affordable Care Act, certain employers have an annual obligation to pay the PCORI fee. Generally, this fee applies to employers that have a self-insured group health plan and to employers that have a Health Reimbursement Arrangement (HRA) alongside their fully-insured group health plan. Sponsors of any applicable plans that ended in 2016 must [...]

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ACA Compliance Update: Affordability Percentages Will Decrease for 2018

Under the ACA, employees (and their family members) who are eligible for coverage under an affordable employer-sponsored plan are generally not eligible for the premium tax credit. The ACA provides that employer-sponsored coverage is considered affordable if the employee’s required contribution for self-only coverage does not exceed a specific percentage of the employee’s household income [...]

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ACA Reporting for 2016: Educating Employees About Form 1095-C and Form 1095-B

In order to meet the 2016 Affordable Care Act (ACA) reporting requirements, many employers had to put forth effort to meet two key deadlines: Filing with the IRS: February 28, 2017 (or March 31, 2017 if filing electronically). Distributing Form 1095-C documents to Employees: March 2, 2017 However, an additional step that employers may need [...]

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ACA Reinsurance Fee Deadline Reminder: November 15, 2016

Under the Affordable Care Act, employers that sponsor certain self-insured group health plans are subject to the Transitional Reinsurance Program. (For a detailed overview,all clients are encouraged to log-in to the CBGconnect portal and download our Compliance Bulletin.) The information below highlights two key steps that your company may need to take regarding the upcoming November 15th, 2016 deadline. [...]

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Get Ready for ACA Reporting Deadlines

For 2015, employers had extra time to complete their Section 6056 and Section 6055 reporting thanks to transition relief from the IRS. Of course, even with that extra time, there were still many challenges faced by employers and vendors regarding producing the forms and communicating the impact to employees. Regarding the need to next report [...]

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IRS Issues Opt-out Payment Proposed Rules: Impact on Employer-Sponsored Coverage

The IRS recently issued proposed regulations regarding how the Affordable Care Act’s (ACA) health coverage affordability requirements impact opt-out payments. The main items that employers should take note of include: Opt-out payments made under an unconditional opt-out arrangement will increase an employee’s required contribution Opt-out payments made under a conditional opt-out arrangement are disregarded in determining [...]

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Employee Benefits Medicare Secondary Payer Chart

With more employees staying in the workforce past the age of 65, it is very important for organizations to know the Medicare Secondary Payer rules. To help in this regard, we encourage you to download the “Medicare Secondary Payer Chart” by filling out the form below. This attorney-reviewed chart, which is provided by HR360, identifies [...]

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IRS Health Care Tax Tip Addresses ACA and Reporting Health Coverage on Tax Forms

To help taxpayers understand how their health coverage for 2015 will impact their filing of taxes, the IRS recently issued a new “Health Care Tax Tip”. While most taxpayers will simply need to check a box on their tax return to indicate they had health coverage for all of 2015, there are a few forms [...]

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IRS Issues Guidance in Response to Recent Legislation Affecting Transit Benefits

On January 11th, 2016, the IRS issued guidance to help clarify how the retroactive increase in excludable tax benefits applies for 2015. We encourage all clients to read the full text of the guidance, as it outlines detailed procedures and examples that may apply to your specific situation. Here is a brief overview of the [...]

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