Penalty Waivers for Good Faith Efforts

We would like to remind you that employee statements (Forms 1095-B and/or 1095-C) are due to be distributed to your full-time employees – and covered individuals, if you sponsor a self-insured plan – by March 31, 2016. Forms may be distributed by hand, mail or electronically (if the employee/covered individual consents to electronic distribution). Separately, the forms, coupled with Forms …

What is the purpose of the ACA reporting – Forms 1094-C and 1095-C?

Form 1094-C – Transmittal of Employer Provided Health Insurance Offer and Coverage Information Returns File with the IRS as a transmittal document for Forms 1095-C, Employer Provided Health Insurance Offer and Coverage. Provides a summary to the IRS of aggregate employer-level data. Helps the IRS determine whether an employer is subject to an employer shared responsibility payment and the proposed …

"FT / PT" employee codes – WHY IS THIS SO IMPORTANT?

For ACA purposes….”FT” and “PT” should be established by the employer at time of hire for any new employee. A Full Time “FT” employee is an individual who when hired, was hired into a position which is clearly known in advance the individual will be employed for at least 30 hours per week. For a “FT” employee, the employer has …

2016 – New Reporting Regime under ACA

In light of the upcoming February 1, 2016 deadline for employers to provide their employees with the new Form 1095-C, we have compiled the following list of questions we most frequently receive about this complex new reporting regime under the ACA. Which form(s) do I need to complete: the 1095-C or the 1095-B? The form or forms you will need …

What is your ACA Solution?

Do you have 200 full time employees and 800 variable hour employees? What is your ACA Solution? Possible strategy #1…  Offer comprehensive “Minimum Value” health benefits to full time employees after 60 waiting period Offer “Minimum Essential Coverage (MEC)” health plan to variable hour employees after 60 day waiting period Single rate of MEC is $100 per month 50% enrollment …

ACA Compliance Made Easy

What you always wanted to know about ACA When is the first required reporting period? The first required reporting period is for the 2015 calendar year and must be completed by: • January 31, 2016 – Employee statements must be distributed. • March 1, 2016 – Informational return must be filed with the IRS (March 31, 2016 if filing electronically). …

Hog Heaven or Makin' Bacon? – Opponents of Obamacare …

Opponents of Obamacare subsidies may have pushed the court to rule in their opponent’s Favor. I have had the good fortune to spend 15 years working with Rep. Tom Bliley, a 10-term congressman who spent his final six years of elective office as chairman of the all-powerful House Commerce Committee. One of the chairman’s admonitions was “pigs get fat, but …

Current and Future State of the Affordable Care Act | Webinar

A Detailed Review of the latest ACA Regulations Impacting Employers • The latest Affordable Care Act updates for hourly employees in 2015 • A political update from Washington D.C. in light of Eric Cantor’s departure • 90 Day requirements for hourly employees [Hired Full Time, Seasonal] • New Clarification of Full Time Employee Status • New Department of Labor Benefit …

Affordable Care Act – What are the next steps?

To whom do you need to offer medical benefits? An initial review of employees is needed to determine who is eligible for benefit coverage under the Affordable Care Act (ACA). You must perform a look-back to see who works more than 30 hours per week and those employees must be given the opportunity to enroll in benefits. Within your Human …