CBG Benefits

The CBG Benefits Blog

Posts Tagged 'ACA Penalties'

New Law Increases Affordable Care Act Information Reporting Penalties

As the deadlines regarding the employer reporting requirements under the Affordable Care Act draw closer, a new law has increased the penalties that companies may face for non-compliance. Here is how the Trade Preferences Extension Act of 2015 will increase those penalties: The penalty for failure to file an information return was generally $100 but has been increased to […]

Continue Reading →

Posted in: Benefits and Insurance, Human Resources, Legislation

Leave a Comment (0) →

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 […]

Continue Reading →

Posted in: Benefits and Insurance, Human Resources, Legislation

Leave a Comment (0) →

RECAP: CBG Benefits Hosts a Successful Seminar on HR Compliance

We’d like to thank everyone that attended our most recent seminar in Burlington, Massachusetts on May 6th, 2015. There was no doubt that the theme of the event, “HR Compliance Update: Understanding and Meeting Your Requirements“, was a popular one, as the seminar room at the Burlington Marriott was filled to capacity. Our two keynote […]

Continue Reading →

Posted in: Benefits and Insurance, Human Resources, Legislation

Leave a Comment (0) →

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 […]

Continue Reading →

Posted in: Benefits and Insurance, Human Resources, Legislation

Leave a Comment (0) →

Health Care Reform: 2015 Checklist For Completing IRS Forms 1094-C & 1095-C

As part of the Affordable Care Act, large employers — generally those with 50 or more full-time employees, including full-time equivalents — will need to report information about their compliance with the “Pay or Play” rules. For many, this will mean filling out the IRS forms 1094-C and 1095-C. Applicable large employers are required to […]

Continue Reading →

Posted in: Benefits and Insurance, Human Resources, Legislation

Leave a Comment (0) →

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 […]

Continue Reading →

Posted in: Benefits and Insurance, Human Resources, Legislation

Leave a Comment (0) →

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 […]

Continue Reading →

Posted in: Benefits and Insurance, Human Resources, Legislation

Leave a Comment (0) →

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 […]

Continue Reading →

Posted in: Benefits and Insurance, Human Resources, Legislation

Leave a Comment (0) →

Health Care Reform News: Agencies Prohibit All Employer Reimbursement of Individual Premiums

Due to the rising costs of health coverage, employers have shown interest in helping employees pay for individual health insurance policies instead of offering employer-sponsored plans. However, on November 6, 2014, guidance was issued stating that these arrangements do not comply with the Affordable Care Act. In addition, the guidance provided stated that this type […]

Continue Reading →

Posted in: Benefits and Insurance, Human Resources, Legislation

Leave a Comment (0) →