On December 22, 2017, the IRS issued a notice that primarily impacts applicable large employers. Specifically, the notice: Extends the due date for furnishing Form 1095-C for 2017 to individuals from Jan. 31, 2018 to March 2, 2018 Extends good-faith transition relief from penalties related to 2017 information reporting under Section 6056 The notice does […]Continue Reading →
Posts Tagged 'Individual Mandate'
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 →
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 →
The IRS recently issued proposed regulations regarding how the Affordable Care Act’s (ACA) health coverage affordability requirements impact opt-out payments. The main items that employers should take note of include: Opt-out payments made under an unconditional opt-out arrangement will increase an employee’s required contribution Opt-out payments made under a conditional opt-out arrangement are disregarded in determining […]Continue Reading →
To help our clients with their employee communication efforts, we are happy to announce that there is a new animated video available within our CBGconnect portal. This latest video is part of the “Know Your Benefits” series. It highlights key information regarding the individual mandate under the Affordable Care Act. In less than 90 seconds, […]Continue Reading →
While the employer “pay or play” responsibility rules within the Affordable Care Act have been postponed until 2015, the Individual Mandate has not been delayed. Yes, individuals will still be required to have health insurance in 2014. To assist companies that need to answer questions from their employees regarding this topic, we are happy to […]Continue Reading →