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Tag: Affordable Care Act (ACA)

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 […]

IRS Extends ACA Reporting Deadlines

On Monday, December 28, 2015, the IRS and Department of the Treasury issued Notice 2016-4. In the notice, the agency extended both furnishing to individuals their 1095 Forms along with filing deadlines to the IRS. The IRS stated: “We have determined that some employers, insurers, and other providers of minimum […]

ACA Employer Update for 2016

Under the Affordable Care Act (ACA), people who can afford health insurance but choose not to enroll in coverage may be required to pay a fee (penalty) when filing on their 2015 Federal Tax Return. The fine is set to jump in 2016 to $695/adult, $347.50/child or 2.5% of adjusted […]

Supreme Court

SCOTUS Rulings: How Employers Will Be Impacted

On Thursday, June 25th, 2015, the U.S. Supreme Court issued its final ruling in King v Burwell. The Supreme Court upheld the availability of subsidies in all 50 states, including those 34 States utilizing the Federally Facilitated Exchange. The Supreme Court reasoned that Congress intended subsidies to be available in […]

Summer Enrollments – What You Need to Know

TRS-ActiveCare health insurance has a mandatory annual enrollment this year.  All employees must actively enroll or decline coverage for themselves and all benefit eligible dependents because plan elections will not carry forward to the new plan year (September 1, 2015-August 31, 2016). This means that all employees must log in to […]