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, 2018, this year’s deadline is [...]Continue Reading →
Posts Tagged 'requirements'
Effective January 1st, 2015, there are a number of new OSHA requirements that may impact your business. Here is a brief overview of some of the key rules: Employers will have to report a work-related fatality within eight hours Employers will have to report any inpatient hospitalization, amputation or loss of an eye within 24 [...]Continue Reading →
Under the Affordable Care Act (ACA), new reporting requirements were created under Internal Revenue Code Sections 6055 and 6056. Under these new rules, certain employers must provide information to the IRS about the health plan coverage they offer (or do not offer) to their employees. The IRS recently released draft version of the forms and instructions [...]Continue Reading →
On March 21, 2013, a proposed rule on the 90-day waiting period limit that is set by the Affordable Care Act was issued that would apply to plan years beginning on or after Jan. 1, 2014. To help companies understand if they will be in compliance with this proposed rule, we’re happy to share clarification, examples, and a [...]Continue Reading →
The Health Care Reform law that was enacted in 2010 contains a new reporting requirement for employers. Under the new rule, certain employers will be required to report the total cost of health plan coverage they provide on their employees’ W-2 Forms. Recently, we have received a number of questions from customers regarding this new reporting [...]Continue Reading →