Information courtesy of our partner, United Benefits Advisors. Entities such as employers with group health plans that provide prescription drug coverage to individuals that are eligible for Medicare Part D have two major disclosure requirements that they must meet at least annually: Provide annual written notice...
November was a busy month for administrative rulemaking in the employee benefits world. The Department of Labor's Employee Benefits Security Administration (EBSA), the Internal Revenue Service (IRS), and the Pension Benefit Guaranty Corporation (PBGC) released advance informational copies of 2016 Form 5500 Annual Return/Report. The...
The National Association of Health Underwriters has tried to show Affordable Care Act program managers that it can take a practical, apolitical approach to thinking about ACA issues. Some of the Washington-based agent group's members strongly supported passage of the Patient Protection and Affordable Care Act...
October was a busy month for administrative rulemaking in the employee benefits world. The Internal Revenue Service (IRS) released final instructions for Forms 1094-C and 1095-C, guidance on the taxability of health care sharing ministry employer contributions, and health care information reporting tips. The Department of...
Vic Saliterman shares 5 steps to help advisers and organizations focus on ACA compliance efforts as the heathcare market system continues to morph. Original Article Posted on EmployeBenefitAdviser.com Posted: September 27, 2016 1) Validate the ACA status of employees every month. Identifying who is eligible to be offered...
Interesting read about the new DOL final rule from Employee Benefit Adviser, by Leanne Mehrman The U.S. Department of Labor acted on President Obama’s Executive Order 13706 (EO) and released a final rule implementing the requirements for federal contractors and subcontractors to provide employees with paid...
Check out some new EEOC rules from HR Morning, by Christian Schappel It’s official: Employers will have more reporting duties moving forward. Here’s everything you need to know about the EEOC’s new final rule. As expected, the agency just released its final rule updating the EEO-1 reporting...
Under the Patient Protection and Affordable Care Act (ACA), individuals are required to have health insurance while applicable large employers are required to offer health benefits to their full-time employees. In order for the Internal Revenue Service to verify that individuals and employers have met...
Just as employers are settling down after a hectic and often frustrating year of Affordable Care Act (ACA) reporting compliance, the IRS is gearing up for next year, and just released the 2016 draft forms and instructions. Employers should spend a few moments becoming familiar...
Beginning in 2015, it first became mandatory for applicable large employers (ALEs) and self-insured employers of any size to comply with the Affordable Care Act (ACA) reporting requirements in Internal Revenue Code (IRC) Sections 6055 and 6056. For ALEs with more than 250 employees, the...