Archive by month: 2016-11Return
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Most HRAs not Subject to ACA Reporting

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The reporting of an integrated HRA is required only for the participants that are not enrolled in the employer’s group medical plan and that HRA reimburses more than just dental or vision expenses.
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Categories: Health Care Reform, Compliance | Tags: HRA , 1095-B , 1095-C , IRS , ACA , Employer Reporting

IRS Delays 2016 ACA Employer Reporting

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November 18, 2016, the IRS issued Notice 2016-70 automatically extending the due dates for certain 2016 information-reporting requirements under the Affordable Care Act (ACA).
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Categories: Health Care Reform, Compliance | Tags: ACA , Employer Reporting , 1094 , 1095 , IRS , 6055 , 6056

Election Impact on the Affordable Care Act

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Now that the election is over and as the campaign rhetoric dust settles, we wait and watch to see what this will mean for the Affordable Care Act (ACA).
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Categories: Health Care Reform, Compliance | Tags: ACA , Election , ACA Reporting , 2017 , Compliance , Employer Shared Responsibility , SBC
HIPAA regulations require plan sponsors to distribute a reminder notice to health plan participants no less than once every three years after issuance of the Notice of Privacy Practices (“NPP”) to inform participants that the NPP is available and how to obtain a copy. The regulations required all employer-plan sponsors to send out an NPP by November 23, 2013. Therefore, employers who have not provided an NPP to plan participants since November 23, 2013 will be required to provide a reminder ...
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Categories: Compliance | Tags: HIPAA , Notice of Privacy Practices

Transitional Reinsurance Fee Deadlines Approaches

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For 2016, the enrollment count submission is due by Tuesday November 15. In addition, for Plan Sponsors making the second of two installments for 2015, the fee is due Tuesday November 15.
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Categories: Health Care Reform, Compliance | Tags: Transitional Reinsurance Fee , Fee , CMS , ACA

DOL Releases Form 5500 for 2016 Plan Year

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The DOL has released the 2016 Form 5500 series, including Form 5500-SF, Schedules, and Instructions.
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Categories: Benefits in General, Compliance | Tags: 5500 , DOL , IRS

IRS Announces New PCOR Fee

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IRS Notice 2016-64 provided the updated dollar amount to be used to calculate the PCORI fee for health policy and plan years that end on or after October 1, 2016 and before October 1, 2017. This includes 2016 calendar year plans, and the updated fee amount is $2.26 per covered life.
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Categories: Health Care Reform, Compliance | Tags: PCORI , HRA , IRS , Form 720 , ACA , Health Plan , Fee
The IRS is reminding employers and small businesses that Forms W-2 and Forms 1099-MISC reporting compensation to non-employees must now be filed with the Social Security Administration by January 31. In addition, the IRS is reminding individual taxpayers that refunds for tax returns claiming either the Earned Income Tax Credit or Additional Child Tax Credit will be held until February 15.
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Categories: Compliance | Tags: W-2 , 1099-MISC , IRS