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 [...]Continue Reading →
Posts Tagged 'Pay or Pay'
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 [...]Continue Reading →
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 [...]Continue Reading →
In 2015, a number of key reforms under the Affordable Care Act will become effective. To help your company assess what it may need to do to meet these compliance requirements, CBG Benefits is pleased to provide an updated compliance checklist. Entitled “Health Care Reform: Year-End Checklist for 2015 Compliance“, this document provides insight and [...]Continue Reading →