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HHS Finalizes Several 2019 ACA Plan Parameters

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The Department of Health and Human Services (HHS) has finalized maximum out of pocket limits for in-network essential health benefit (EHB) services covered by a health plan for 2019 at $7,900 for single coverage and $15,800 for any coverage other than single plan.
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Categories: Health Care Reform, Compliance, Health Care in General | Tags: ACA , Employer Shared Responsibility , Affordability , HDHP , Out of pocket maximum , EHB , Essential Health Benefits
The IRS has provided updates to the Employer Shared Responsibility Q&A guidance on its website.
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Categories: Health Care Reform, Compliance | Tags: ACA , Employer Shared Responsibility , Penalty , 4980(h) , IRS , Q&A , Affordability
The IRS has released 2018 key indexing adjustments used under the Affordable Care Act (ACA). This revenue procedure is effective for taxable years and plan years beginning after December 31, 2017.
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Categories: Benefits in General, Health Care Reform, Compliance | Tags: ACA , Affordability , IRS , Tax Credits

2017 Affordability Safe Harbor Announced

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The IRS has announced that applicable large employers (ALEs) can use 9.69% of any of the three safe harbors when calculating the affordability of their group health plan for their full time employees when reporting 2017 coverage in early 2018.
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Categories: Health Care Reform, Compliance | Tags: IRS , ALE , Affordable , Reporting , Affordability , Play or Pay