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 [...]
Continue Reading →Each year, applicable employers are required to complete an online disclosure with CMS and report whether their health plan’s prescription drug coverage is Medicare Part D creditable or non-creditable. Plan sponsors are required to report 60 days after the start of the plan year. Thus, if you renewed January 1, 2017, this year’s deadline is [...]
Continue Reading →To help your company educate its employees about wellness-related topics, we are happy to share the February 2017 edition of our “Live Well, Work Well” newsletter. It covers topics dealing with prevention strategies, safety, nutrition, and more. The specific articles within the February 2017 edition of “Live Well, Work Well” include: American Heart Month Protect [...]
Continue Reading →Each year, the Kaiser Family Foundation and the Health Research & Educational Trust (HRET) conduct a survey to examine employer-sponsored health benefit trends. We are pleased to announced that a detailed summary exploring the results of this survey is now available for all clients of CBG Benefits to download. Existing clients may login to the CBGconnect [...]
Continue Reading →Is your company looking for new ways to promote its employee benefits package during the recruitment process? If so, you may find a number of the tips in this new article from eBix helpful. Entitled “5 Tips for Communicating Your Benefits Package When You Make a Job Offer“, this article includes quotes from Chris Costello, [...]
Continue Reading →To help your company educate its employees about wellness-related topics, we are happy to share the January 2017 edition of our “Live Well, Work Well” newsletter. It covers topics dealing with prevention strategies, safety, physical injuries, nutrition, and more. The specific articles within the January 2017 edition of “Live Well, Work Well” include: New Year’s [...]
Continue Reading →On December 16, 2016, the Department of Health and Human Services (HHS) released its final Notice of Benefit and Payment Parameters for 2018. This rule describes benefit and payment parameters under the Affordable Care Act (ACA), applicable for the 2018 benefit year. This includes details regarding the annual limitations on cost-sharing. The ACA requires the [...]
Continue Reading →For 2017, Massachusetts has issued a Technical Information Release regarding the personal income tax exclusion amounts for employer-provided parking, transit pass, and commuter highway vehicle benefits allowed to employees. The Massachusetts monthly exclusion amounts for taxable years beginning in 2017 are: $255 for employer-provided parking $135 for combined transit pass and commuter highway vehicle transportation [...]
Continue Reading →On November 14th, 2016, an updated version of Form I-9: Employment Eligibility Verification (I-9 Form) was released. Employers will be allowed to continue using the current form (which was most recently revised in 2013) until January 21, 2017. Employers are thus expected to use the revised form exclusively by January 22, 2017. Form Changes and [...]
Continue Reading →To help your company educate its employees about wellness-related topics, we are happy to share the December 2016 edition of our “Live Well, Work Well” newsletter. It covers topics dealing with prevention strategies, safety, physical injuries, nutrition, and more. The specific articles within the December 2016 edition of “Live Well, Work Well” include: Reduce Your [...]
Continue Reading →