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The IRS has issued the final 2019 forms 1094-B, 1095-B, 1094-C and 1095-C along with instructions. These forms will be used by employers, plan sponsors and group health plan insurers to report coverage to plan members and the IRS. This reporting is required by the Affordable Care Act. The deadline to provide notice to individuals on 1095-B or 1095-C has been extended from January 31, 2020 to March 2, 2020. In addition, the IRS has issued transitional good-faith relieve from section 6721 and 6722...
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Categories: Health Care Reform, Compliance | Tags: Notice 2019-63 , Form 1094-B , Form 1094-C , Form 1095-B , Form 1095-C , Employer Reporting , ALEs , Applicable Large Employers , Minimum Essential Coverage , MEC , 6055 , 6056
On June 13, 2019, the U.S. Departments of Health and Human Services, Labor and the Treasury issued a final rule allowing employers of all sizes to offer two new kinds of health reimbursement arrangements (HRAs) beginning in January 2020. The two new HRAs include: individual coverage HRAs (ICHRA) and excepted benefit HRAs (EBHRA) Further, proposed regulations were released last week specific to how the Employer Shared Responsibility under the Affordable Care Act (ACA) and nondiscrimination tes...
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Categories: Benefits in General, Health Care Reform, Compliance, Health Care in General | Tags: ICHRA , Proposed Regulations , Employer Shared Responsibility , Pay or Play , Nondiscrimination Testing , HRA
The IRS recently released Notice 2018-94, which provides a 30 day extension to the deadline for Applicable Large Employers (ALE) to distribute the 2018 Affordable Care Act (ACA) reporting forms to employees an covered individuals.
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Categories: Health Care Reform, Compliance | Tags: IRS Notice 2018-94 , Employer reporting extension , 2018 ALE reporting extension , Form 1095-C , Form 1095-B , IRS
The IRS has released the final Forms 1094-B, 1095-B, 1094-C, and 1095-C for calendar year 2018 reporting with minimal changes. Employers are required to report in early 2019 for the calendar year 2018.
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Categories: Benefits in General, Health Care Reform, Compliance | Tags: Employer reporting , 1094 , 1095 , Section 6055 , Section 6056 , Employer Mandate , IRS , ALE , ACA
With open enrollment fast approaching for many employers, it is a good time to review what materials are necessary for open enrollment and what employer notices are required to distribute and when. Some employer notices are provided when participants first become covered under a health and welfare plan and others have an annual distribution requirement.
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Categories: Benefits in General, Compliance | Tags: Employer Notice , SPD , SMM , SAR , Medicare Part D , Notice of Creditable Coverage , COBRA , HIPAA , CHIP , Wellness , Grandfathered Status , WHCRA , Michelle's Law , ADA
The updates for QSEHRA and Transportation benefits for 2019 are as follows:
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Categories: Benefits in General, Compliance | Tags: QSEHRA , Transit , Parking , 2019 Limits , Qualified Small Employer HRA , Transportation Plans
The IRS has updated Questions and Answers (Q&As) on the employer shared responsibility provisions of the Affordable Care Act on their website to address the effect of association health plans (AHPs) on applicable large employer (ALE) status if the employer offers health coverage through an AHP.
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Categories: Health Care Reform, Compliance | Tags: AHP , ALE , Association Health Plans , IRS , Q&A , Applicable Large Employer , employer mandate , employer shared responsibility

Workplace Benefit Surveys Released

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The Employee Benefit Research Institute (EBRI)/Greenwald & Associates Health and Voluntary Workplace Benefits Survey recently released “studies a wide array of topics related to employee benefits including employees’ knowledge of their benefits, confidence in making benefit decisions and satisfaction with their benefits package.”
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Categories: Benefits in General, Health Care Reform, Health Care in General | Tags: EBRI , National Health Interview Survey for 2017 , HSA , Consumer directed healthcare , employer sponsored health plan , health plan , voluntary benefits , workplace benefits , satisfaction survey

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 published IRS Rev. Proc. 2018-18 in Internal Revenue Bulletin 2018-10 this week that recalculates the limits on various benefits. One of the provisions in the tax reform bill enacted late last year, the Tax Cuts and Jobs Bill, was a change in the way the IRS was required to calculate cost-of-living increases.
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Categories: Benefits in General, Compliance | Tags: IRS , IR Bulletin 2018-10 , HSA , Indexes for inflation , Adoption Assistance Plans , Archer MSA , Small Employer Tax Credit , Health Care Flexible Spending Accounts , Transportation Plans , Tax Reform , 2018 Limits
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