-
Benefits Brief – 2020 ACA Reporting
- December 29, 2020
- Posted by: Renee Crissie
- Category: .All, Compliance, Employee Benefits, Health Care Reform, Human Resources
No CommentsThe reporting requirements under the Affordable Care Act (ACA) have been in effect since 2015. Many employers, mainly large employers, are already familiar with the rules. However, some employers, particularly those that have grown in size, may lack clarity regarding their reporting obligations under the law. As the deadlines for 2020 ACA reporting roll near,
-
Benefits Bulletin – Extended Deadline for ACA Reporting, Final Extension of Good Faith Reporting Relief
- October 12, 2020
- Posted by: Renee Crissie
- Category: .All, Compliance, Employee Benefits, Health Care Reform, Human Resources
On Oct. 2, 2020, IRS Notice 2020-76 extended the due date for furnishing forms to individuals under Sections 6055 and 6056 for 2020 to March 2, 2021. This Notice also provides a final extension of good-faith transition relief from penalties related to 2020 ACA reporting and provides additional penalty relief related to failures to furnish
-
Benefits Bulletin – Increased ACA Affordability Percentage for 2021
- September 4, 2020
- Posted by: Renee Crissie
- Category: .All, Compliance, Employee Benefits, Health Care Reform, Human Resources
On July 21, 2020, the IRS issued Revenue Procedure 2020-36 to index the contribution percentages in 2021 for purposes of determining the affordability of an employer’s plan under the ACA. This ACA Compliance Bulletin describes the adjusted percentages.
-
ACA Compliance Bulletin – The Look-Back Measurement Method and COVID-19
- May 22, 2020
- Posted by: Renee Crissie
- Category: .All, Compliance, Coronavirus (COVID-19), Employee Benefits, Health Care Reform, Human Resources
This ACA Compliance Bulletin provides information for employers regarding how the look-back measurement method under the ACA’s employer shared responsibility (pay or play) rules applies to COVID-19 related absences.
-
Employee Benefits Weekly Digest – March 3, 2020
- May 12, 2020
- Posted by: Renee Crissie
- Category: .All, Compliance, Coronavirus (COVID-19), Employee Benefits, Health Care Reform, Human Resources
In This Digest – Supreme Court Grants ACA Petitions / HIPAA Privacy Rule Still Applies for Employers Amid 2019 Novel Coronavirus Outbreak / IRS Concludes There Is No Statute of Limitations on ACA ‘Pay or Play’ Taxes: Steps Employers Should Take Now / March 1 Deadline for New Jersey Employers to Offer a Pre-Tax Transportation Fringe Benefit / Proposed Regs
-
Employee Benefits Weekly Digest – January 21, 2020
- May 12, 2020
- Posted by: Renee Crissie
- Category: .All, Compliance, Employee Benefits, Health Care Reform
In This Digest – Diverse Stakeholders Ask Supreme Court to Promptly Hear ACA Case / Health Plan Sponsors Welcome Repeal of Cadillac Tax / Employment Data, Employee Benefits and the CCPA / Budget Spending Deal Contains Changes That Impact Employer-Sponsored Group Health Plans / Questions Employees Are Asking in 2020 About ACA 1095-Cs / Self-Funding Can Give Employers More Control
-
Benefits Bulletin – ACA Developments – Updated January 7, 2020
- May 12, 2020
- Posted by: Renee Crissie
- Category: .All, Compliance, Employee Benefits, Health Care Reform, Human Resources
Please be advised, we have created an updated version of this Benefits Bulletin to include the extension of the PCORI fees. The original copy was replaced above by the revised version. As always, feel free to reach out to us with any questions. On Dec. 20, 2019, President Trump signed a spending bill into law