CBG Benefits

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Archive for 'Legislation'

Medicare Part D Notice: October 14, 2017 Deadline Reminder

In preparation for the Medicare fall open enrollment period, employers that sponsor group health plans that include prescription drug coverage are required to notify all Medicare-eligible individuals whether such coverage is creditable. This year, plan sponsors must provide the annual disclosure notice to Medicare-eligible individuals by October 14, 2017. The creditable coverage disclosure notice must [...]

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Posted in: Benefits and Insurance, Human Resources, Legislation

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Draft Forms for 2017 ACA Reporting Released

On July 28, 2017, the IRS released draft versions of the forms that employers will use to report on the health insurance coverage they offered in 2017. Generally, most applicable employers will use Form 1094-C and Form 1095-C to meet their reporting obligation under the Affordable Care Act. Below are links to the draft versions [...]

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USCIS Releases New Form I-9 and Form I-9 Instructions on July 17, 2017

On July 17, 2017, the USCIS released a new version of and instructions for Form I-9, Employment Eligibility Verification. Employers must use only the new version by September 18, 2017. Here is an overview of some of the key changes: The Consular Report of Birth Abroad (Form FS-240) will be added to List C. Employers [...]

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Reminder: Form 5500 Filing Deadline is July 31, 2017

To help your company meet its ongoing compliance requirements, I wanted to provide a brief reminder about the annual Form 5500 filing deadline. Below are a few key points to note about this requirement. When to File: The Form 5500 must be filed with the DOL by the last day of the seventh month after [...]

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Senate Releases the Better Care Reconciliation Act

On June 22, 2017, Republicans in the U.S. Senate released a draft of their proposal to repeal and replace the Affordable Care Act (ACA). The proposal is being called the Better Care Reconciliation Act (BCRA). Debate is currently occurring that will impact whether and when a vote may be taken regarding this Act. While some [...]

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New Expiration Date for Health Insurance Exchange Notices is May 31, 2020

To help your company meet its ongoing compliance requirements, we’d like to inform you that the U.S. Department of Labor’s Employee Benefits Security Administration (EBSA) has extended the expiration date on its model Health Insurance Exchange Notices to May 31, 2020. Previously, these model notices were set to expire on May 31, 2017. Please click [...]

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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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House Passes Changes to Overtime Rules

On May 2, 2017, the House of Representatives passed the Working Families Flexibility Act (also known as H.R. 1180). H.R. 1180 still needs approval from the Senate and the executive branch before it becomes law. However, to help our clients understand how this Act may potentially impact their business, we encourage you to log-in to [...]

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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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