ACA reporting requirements for insurers - The Affordable Care Act requires employers to file annual information returns with the IRS and furnish statements to employees on healthcare plan coverage information beginning in 2016.
by Editor | Jun 27, 2016 | ACA Reporting Services
Questions & Answers about the Information Reporting by Health Coverage Providers (Section 6055).
To all those who work in the employee benefits arena, whether in legal, finance, benefits administration, payroll, tax, human resources, or many other disciplines, this is our annual reminder to celeb
Thanks to SECURE Act 2.0, newly established 401(k) and 403(b) plans must now have an automatic enrollment. The SECURE Act 2.0 was passed in December 2022 and made sweeping changes to retirement plan
An employer can contest a withdrawal liability assessment and ultimately prevail. That is the moral of Bulk Transport Corp. v. Teamsters Union No. 142 Pension Fund, No. 23-1563 (7th Cir. Mar. 22, 20
It’s hard to believe that 2024 is well underway! That means it’s a perfect time to think about an issue that might get lost in the summertime and (dare I already say) year-end shuffles: fiduciary
Getting to be a big boss, like a Chief Executive Officer (CEO), Chief Financial Officer (CFO), Chief Operating Officer (COO), and the like, is often seen as a huge win in your work life, no matter wh
A recent Alabama Supreme Court case, LaPage v. Center for Reproductive Medicine, has made headlines and raised questions about the legal implications of providing in vitro fertilization (IVF) benefits
The SECURE 2.0 Act of 2022 had many retirement plan provisions, including the pension-linked emergency savings account (PLESA) that lets workers contribute money to an account in a defined contributio
It’s 2024, which means a new batch of provisions from SECURE Act 2.0 have gone into effect. One of the more significant ones is an increase in the “cashout” limit that a qualified plan can impos
Unionized employers participating in an underfunded multiemployer pension plan face significant financial exposure when withdrawing (completely or partially) from the plan. The cost (called “withd
America’s cultural wars may be opening up a new front, and group health plans may be caught in the fray. Since the US Supreme Court decision in Dobbs ended almost fifty years of constitutional prote
As discussed in a previous blog, the Patient-Centered Outcomes Research Institute (PCORI) is an independent nonprofit research organization that funds comparative clinical research, among other things
For many people, the thought of taking time off from work due to illness or personal circumstances can be overwhelming. However, the Family and Medical Leave Act (FMLA) provides employees with the ri
The world of insurance can be a daunting landscape to navigate. From personal policies to complex commercial coverages, understanding the ins and outs of the industry is no small feat. One intriguing
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The Affordable Care Act wins 55% support among the public for its “highest rating” since becoming law n
– Premiums may rise an average of 2.5% at most, analysts say – Insurers increasing their presence; over 13% reduction expected in single-insurer counties Average Obamacare premiums for 2020 should
(CNN) Less than two months after the 2017 Republican push to kill Obamacare perished overnight on the Senate floor, more than a third of the Democratic caucus gathered in a much smaller room on Capito
The Trump administration is trying to institute a dose of free market reform that promises to disrupt American health care. In a flurry of pro-consumer moves, improving price transparency has been at
(CNN) Joe Biden is making a very big bet on the status quo. That’s true for his 2020 presidential campaign generally (his argument is that Donald Trump’s election is a fever dream from which the G
(CNN)While “Medicare for all” quickly became one of the top policy issues of the 2020 race for the Democratic presidential nomination, polling doesn’t show a clear preference for a government-ru
(CNN)Less than a week after President Donald Trump called on Congress to address surprise medical bills, lawmakers in both the House and Senate unveiled bipartisan measures to protect Americans from t
The Affordable Care Act, also known as Obamacare, has existed largely on the edge of a cliff since President Donald Trump entered the White House. While Trump has thus far failed to fulfill his campai
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