They're Here: The Draft 2018 ACA Reporting Forms The Internal Revenue Service (IRS) released draft 2018 forms for Affordable Care Act (ACA) reporting under Code Sections 6055 and 6056. A 2018 draft version of Form 1095-B and draft instructions for these forms have not yet been...
The Internal Revenue Service (IRS) issued Revenue Procedure 2018-34 increasing the affordability contribution percentages. This will index the contribution percentages in 2019 for purposes of determining affordability of an employer’s plan under Affordable Care Act's (ACA). For plan years beginning in 2019, employer-sponsored coverage will be...
Mark your calendar! Extension for Non-ACA Compliant Health Plans approved by the Department of Health and Human Services (HHS) to policy years beginning on or before Oct. 1, 2019. Impact on Employers Individuals and small businesses may be able to keep their non‐ACA compliant coverage through 2019, depending...
In March, the Internal Revenue Service (IRS) announced changes to certain tax limits for 2018, including a reduced contribution limit for health savings accounts (HSAs). Based on this new index, the IRS lowered the HSA contribution limit for individuals with family coverage under a high deductible...
On Dec. 22, 2017, IRS issued Notice 2018-06 to delay the 2017 furnishing deadline for ACA reporting. What does this mean for employers? Extend the due date for furnishing forms under Sections 6055 and 6056 for 2017 for 30 days, from Jan. 31, 2018, to...
On Dec. 20, 2017, the tax reform bill, called the Tax Cuts and Jobs Act, passed both the U.S. Senate and the U.S. House of Representatives. The bill is now expected to be signed into law by President Trump by the end of the day. This...
Wondering about HSA Advantages? Enjoy this short and sweet infographic to give you a brief overview on Health Savings Account (HSA) key advantages. Our employee benefits experts are ready to answer your HSA questions and discuss selecting the right mix of employee benefits for your full-time employees...
On July 25, 2017, members of the U.S. Senate voted 50-50 to open up the American Health Care Act (AHCA) for debate and amendments in the Senate, with Vice President Mike Pence casting the tie-breaking vote in favor of the measure. The AHCA is the...
Wondering what awaits you and your staffing firm if you fail to provide ACA compliant healthcare coverage for your temporary workers? We created this short and sweet infographic to give you a brief overview. Our staffing industry healthcare specialists are available to provide you with more information...