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Health Care Reform News: ACA’s Automatic Enrollment Requirement Repealed
On November 2nd, 2015, a law was enacted to repeal a feature of the Affordable Care Act that was not yet effective —- the Automatic Enrollment requirement. While neither final regulations nor a final...
View ArticleReinsurance Fee Contribution Form Due November 16, 2015
Under the Affordable Care Act, employers that provide a self-funded group health plan (as well as health insurance issuers for fully-insured plans) must fund a traditional reinsurance program. The fees...
View ArticleMinimum Wage Rate Increases for 2016
Will your organization be impacted by minimum wage rate changes in 2016? Below is a list of which states have announced rate changes that will be effective early in 2016, along with their new rate (per...
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Affordable Care Act News Update: Cadillac Tax Delayed for Two Years
On December 18th, 2015, President Barack Obama signed a federal budget bill for 2016 into law which makes significant changes to some of the tax provisions under the Affordable Care Act (ACA). For...
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Affordable Care Act News: Deadline Extension for Employer Reporting Requirements
On December 28th, 2015, the IRS announced that they will be extending the due dates regarding the Affordable Care Act’s employer reporting requirements (Section 6055 and Section 6056). The due date for...
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Federal Budget Bill Increases Mass Transit Benefits
As part of the federal budget bill that was signed into law on December 18th, 2015, the maximum monthly tax exclusion for employer-provided mass transit benefits was increased. As a result, the limit...
View ArticleIRS Issues Guidance in Response to Recent Legislation Affecting Transit Benefits
On January 11th, 2016, the IRS issued guidance to help clarify how the retroactive increase in excludable tax benefits applies for 2015. We encourage all clients to read the full text of the guidance,...
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IRS Issues Guidance for Employers That Provide Identity-Protection Services...
On December 30th, 2015, the IRS issued an announcement that may help employers that are providing identity protection services to their employees. Key points in the announcement included: Employers do...
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Answering Your Employees’ Questions about Taxes and the ACA’s Form 1095...
While the recent deadline extension for distributing Form 1095-C to employees brought temporary relief to many employers, it also raised questions among some employees. For example, some may be asking,...
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Reminder to Employers: Forms W-2 Must Include Cost of Group Health Coverage
Under the Affordable Care Act, employers are required to report the aggregate cost of employer-sponsored group health plan coverage on their employees’ Forms W-2. The Form W-2 reporting requirement is...
View ArticleEmployee Benefits News: Updated Model CHIP Notice Now Available for Employers
An updated model notice for employers to provide information on eligibility for premium assistance under Medicaid or the Children’s Health Insurance Program (CHIP) is now available for download. The...
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Medicare Part D Disclosure to CMS: Deadline Reminder
Each year, employers with health plans that provide prescription drug coverage to individuals who are eligible for Medicare Part D are subject to certain disclosure requirements. Plan sponsors must...
View ArticleIRS Health Care Tax Tip Addresses ACA and Reporting Health Coverage on Tax Forms
To help taxpayers understand how their health coverage for 2015 will impact their filing of taxes, the IRS recently issued a new “Health Care Tax Tip”. While most taxpayers will simply need to check a...
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ACA News: Out-of-Pocket Maximum Increases Announced for 2017
On February 29th, 2016, the Department of Health and Human Services (HHS) released its final Notice of Benefit and Payment Parameters for 2017. This rule describes benefit and payment parameters under...
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Affordable Care Act Reporting Reminder: First Employee Statements Due by End...
As a reminder, an important deadline regarding the Affordable Care Act (ACA) is right around the corner. Employers that are subject to the ACA’s information reporting requirements must furnish the...
View ArticleACA Reminders: Deadlines and Resources
I wanted to briefly remind you about upcoming deadlines regarding the Affordable Care Act that may impact your business and its employees. Employer Reporting Deadlines Generally, employers with 50 or...
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Vermont Enacts Paid Sick Leave Law for Employees
In 2015, a new law in Massachusetts went into effect that requires employers to provide sick leave to their employees. On March 9, 2016, another New England state followed a similar path, as a paid...
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Final Summary of Benefits and Coverage (SBC) Template Released for 2017
On April 6th, 2016, the Departments of Labor (DOL) and Health and Human Services (HHS) issued the final revised template and related materials for the summary of benefits and coverage (SBC) document....
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New York Enacts Paid Family Leave Law
On April 4th, 2016, the Governor of New York signed a bill that will require employers to provide paid family leave benefits to eligible employees as part of the state’s disability insurance program....
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Employee Benefits Medicare Secondary Payer Chart
With more employees staying in the workforce past the age of 65, it is very important for organizations to know the Medicare Secondary Payer rules. To help in this regard, we encourage you to download...
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