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Posts Tagged 'health coverage'

Health Care Reform News: IRS Releases Draft Forms for Employer Reporting of Health Coverage

To help employers prepare to meet reporting requirements under the Affordable Care Act, the IRS recently released draft forms related to the “Pay or Play” rules. This compliance requirement will support IRS Code Sections 6055 and 6056. The intention of this effort is to promote transparency regarding health plan coverage and costs. In addition, these [...]

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Posted in: Benefits and Insurance, Human Resources, Legislation

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Massachusetts Finalizes Repeal of State-Specific Health Care Reform “Pay or Play” Rules

To avoid duplication with the Affordable Care Act (ACA), Massachusetts officially repealed the state’s own employer health care coverage rules on June 12th, 2014. Initially established in 2006, Massachusetts employers faced “pay or play” rules under the state’s Health Care Reform Act. Under the Fair Share Contribution rule, certain employers faced a penalty of up [...]

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Posted in: Benefits and Insurance, Human Resources, Legislation

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