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New IRS Q&As on ACA Reporting by Large Employers: Guidance Addresses Forms 1094-C and 1095-C

Under the Affordable Care Act, applicable large employers (generally those with 50 or more full-time employees, including full-time equivalents) will be required to report information to the IRS and to their employees about their compliance with “pay or play” rules and the health care coverage they have offered. For many employers, this reporting will be done via […]

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Posted in: Benefits and Insurance, Human Resources, Legislation

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ACA and the Cadillac Tax – Will Your Company Feel the Impact?

On December 18th, 2015, President Barack Obama signed into a law a bill that delays implementation of the Cadillac Tax until 2020. While many organizations have been focused on the Employer Reporting Requirements and “Pay or Play” rules under the Affordable Care Act (ACA) this year, there is another Health Care Reform provision that certainly […]

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Health Care Reform News: IRS Invites Comments on Cadillac Tax Implementation for 2018

On December 18th, 2015, President Barack Obama signed into a law a bill that delays implementation of the Cadillac Tax until 2020. While much of the discussion around the Affordable Care Act currently centers on the “Pay or Play” and Employer Reporting Requirement rules, there is no doubt that the “Cadillac Tax” provision is looming […]

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Understanding Employer Reporting Requirements within the Affordable Care Act

Under the Affordable Care Act, applicable large employers — those with 50 or more full-time employees, including full-time equivalent employees — are required to meet a number of new compliance requirements. For example, many organizations will have to meet the ACA’s Employer Reporting requirements, which support the “pay-or-play” rules. As part of these requirements, employers […]

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Reinsurance Fee Deadline Reminder: January 15th, 2015

I wanted to briefly remind you about an upcoming deadline regarding the Reinsurance Fee program. The first deadline for paying reinsurance fees under the Affordable Care Act is January 15, 2015. Under the ACA, health insurance issuers and self-funded group health plans are required to fund a transitional reinsurance program. Here is a brief overview of […]

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Transit Benefit Limit Retroactively Raised for 2014

On December 16th, 2014, Congress passed legislation that retroactively increased the 2014 transit benefit monthly limit from $130 to $250. As a result of this change, employers may be required to adjust 2014 tax withholding and reporting to reflect this increase. This legislation does not change the 2015 transit benefit limit.  Thus, beginning on January 1st, […]

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Health Care Reform News: Reinsurance Fee Deadline Extended to December 5

On November 14th, 2014, the Centers for Medicare & Medicaid Services (CMS) extended an important deadline regarding the Reinsurance Fee program, which is part of the Affordable Care Act. The deadline for contributing entities to submit their 2014 enrollment counts has been moved to 11:59 p.m. on Dec. 5, 2014. Updated Deadline List Here is […]

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IRS Closes Minimum Value Loophole for Low-cost Employer Plans

Under the Affordable Care Act, minimum value of an employer-sponsored plan is significant for a number of purposes, including the “pay or play” rules or and laws governing exchange subsidies. However, earlier this year, a debate arose whether employer plans with no hospital benefits should be able to avoid the “pay or play” penalty. On November […]

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Health Care Reform Pay or Play Rules: IRS Proposes Approach for Measurement Period Changes

As we look ahead to 2015, the employer shared responsibility rules under the Affordable Care Act will have a greater impact on large employers. In regards to the requirement faced by employers to offer affordable, minimum value health coverage to full-time employees and dependents, the IRS has provided multiple safe harbor methods that can be used […]

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Health Care Reform: PCORI Fee Amount Adjusted for 2014

Under the Affordable Care Act, health insurance issuers and self-insured plan sponsors are required to pay the Patient-Centered Outcomes Research Institute fees (PCORI fees). This fee was implemented in order to fund comparative effectiveness research. The IRS recently published a notice that provides the adjusted PCORI fee amount for plan years ending on or after Oct. […]

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