To All Premier Insurance Fully Insured Clients…Some ACA newsletters have indicated that PICORI Fees are due by July 31, 2019, as Fees are reported and paid once per year with the submission of Form 720 (Quarterly Federal Excise Tax Return) Read More.
The IRS reversed its March 5 decision to decrease the 2018 contribution limit for family coverage only. The new contribution limit is back to $6,900 (previously adjusted to $6,850) Read More.
2018 Mar. HSA Contribution Changes
On March 5, 2018, the IRS released Procedure 2018-18 (as part of Bulletin 2018-10). Due to changes made in the Tax Cuts and Jobs Act, certain adjustments needed to be made to inflation amounts Read More.
2018 Feb. Trump Individual Mandate Healthcare
When President Donald Trump signed the nation’s new tax law, he also killed the Affordable Care Act’s (ACA) tax penalty for individuals, but not until 2019 Read More.
2018 Dec. Judge Rules ACA Individual Mandate Unconstitutional
A Texas district court judge has issued a decision in Texas v. Azar, ruling that the individual mandate of the Affordable Care Act (ACA) is unconstitutional. The judge also argued that the individual mandate is in-severable from the ACA, and consequently, the entire law must be considered invalid Read More.
2018 Dec. IRS 6056 Reporting Extension
On Nov. 29, 2018, the Internal Revenue Service (IRS) announced extended deadlines for 2018 Minimum Essential Coverage (Section 6055) and Large Employer Shared Responsibility (Section 6056) reporting due to individuals in early 2019. The extended deadlines are as follows: Read More.
2017 Sept. CMS Creditable Coverage Notices and Reporting
The Medicare Modernization Act (MMA) requires entities (whose policies include prescription drug coverage) to notify Medicare eligible policyholders Read More.
2017 Nov. IRS Reporting Deadlines
Now is the time to assess where you stand in gathering the necessary information for filing ACA-mandated information with the IRS Read More.
ACA Replacement Bill Advances To The Senate Read More.
On Friday, January 20, 2017, President Trump signed an executive order instructing the Secretary of the Department of Health and Human Services (HHS) and the heads of all other federal agencies Read More.
Regulatory action by the Department of Health and Human Services and other federal agencies is required for any changes to the ACA to take place. We expect these agencies to begin announcing such regulatory changes in the coming weeks Read More.
2017 Dec. IRS Reporting Extension
On December 22, 2017, the Internal Revenue Service (IRS) announced extended deadlines for 2017 Large Employer Shared Responsibility (Section 6056) health coverage information forms reporting due to employees in early 2018. The extended deadlines are as follows Read More.
2016 Nov. IRS Reporting Extension
On November 18, 2016, the Internal Revenue Service (IRS) announced extended deadlines for 2016 Large Employer Shared Responsibility (Section 6056) reporting due to employees in early 2017. The extended deadlines are as follows Read More.
New regulations have arrived for the ACA’s Premium Tax Credit and Shared Responsibility Payment provisions. For the 2015 tax year, many employers and employees encountered difficulties with regard to the PTC and whether or not a shared responsibility payment was required Read More.
2016 Dec. IRS Reporting Deadlines
Yesterday, the IRS issued an automatic extension for furnishing 1095s (b and c) to the employee from February 29, 2016 to March 31, 2016 Read More.
2016 Dec. IRS 6056 Reporting Extension
If you are not filing electronically, there is an automatic delay from February 29, 2016 to May 31, 2016 Read More.
2016 Aug. Penalty Inflation Adjustments
In IRS Q & A-12 of Notice 2015-87, the IRS announced that the two other affordability safe harbors, the W-2 safe harbor and the rate of pay safe harbor, each of which uses a 9.5 percent standard
Read More.
The U.S. Department of Labor (DOL) just recently announced two mandatory poster changes Read More.
CMS has provided guidance on the use of paper-based processes to conduct eligibility appeals relating to certain Exchange-related determinations Read More.
2015 Sept. Undocumented Immigrants
State Sen. Ricardo Lara (D-Bell Gardens) has dropped his effort to allow adult undocumented immigrants to buy health coverage through Covered California, the AP/Long Beach Press-Telegram reports Read More.
An important topic right now in any benefits discussion is the “Cadillac tax,” which is scheduled to begin in 2018 Read More.
Yesterday, the Senate passed The Protecting Affordable Coverage for Employees Act (PACE) through unanimous consent Read More.
2015 Dec. IRS 6056 Reporting Deadlines
Yesterday, the IRS issued an automatic extension for furnishing 1095s (b and c) to the employee from February 29, 2016 to March 31, 2016 Read More.
2015 Dec. Employer 6056 Reporting
The Affordable Care Act (ACA) added Section 6056, which requires applicable large employers (ALE’s) with 50 or more full-time equivalent employees to report to the IRS annually whether or not medical coverage was offered to each full-time employee Read More.
In the early hours of December 16, 2015, Congressional negotiators reached an agreement on legislation to fund the federal government through September 2016 Read More.