Affordable Care Act (ACA) Advisory
The Employer Mandate in 2018: Proposed New Mandatory E-filing
IRS Proposed Regulations Expand Mandatory Electronic Filing of Information Returns The IRS in May published proposed regulations expanding mandatory electronic filing of most information returns – Form W-2, forms in the 1099 series, Form 1095-B, and Form 1095-C. These proposed regulations would be effective for information returns required to be filed after […]
The “New” AHPs: Hot or Not?
“President Trump is expanding affordable health coverage options for America’s small businesses and their employees. Many of our laws make healthcare coverage more expensive for small businesses than large companies. Association Health Plans are about more choice, more access, and more coverage.” — U.S. Secretary of Labor Alexander Acosta According to […]
The ACA and Affordability – What is this anyway?
While non-ALEs who offer group health coverage may have small group carrier requirements about affordability for their employees, these non-ALE employers are not subject to the Section 4980H affordability requirements and cannot be held liable for any employer shared responsibility penalties. Now that the IRS is actively enforcing the employer shared […]
Those 226J Letters –Insights into IRS Enforcement Of Employer Shared Responsibility Penalties
Everyone’s heard the old saying about the “third time’s a charm.” Well, by now most brokers are aware the IRS is now LOOKING BACK and enforcing the employer mandate by issuing penalty notification letters to applicable large employers (ALEs) suspected of noncompliance with the employer shared responsibility requirements during the […]
Can the Benefit Booklet Provided by Our Plan’s Insurer Serve as the SPD?
QUESTION: We have a fully insured group health plan. The insurer provides a state-law required certificate of insurance booklet that describes the coverage provided under the plan. Can we use that booklet as the summary plan description (SPD) for this plan? ANSWER: The booklet probably cannot serve as the SPD on its […]