Posts Categorized: Affordable Care Act

Updated SBC Templates Apply for 2018 Open Enrollment

in Affordable Care Act, Health Benefits

The new SBC templates released last year are required for open enrollment periods beginning on and after April 1, 2017.  For health plans and employers with calendar year plans, this means the updated SBC templates and related requirements apply to 2018 open enrollment occurring this Fall. Given the current House and Senate “repeal and replace” ACA legislation, many employers are wondering if they need to take the time to revise their SBCs to comply with the new template and requirements.  The short answer is use of the new SBC templates are still required.  Both the House-passed legislation and the current… Continue Reading

An Employer-Centric Summary of the American Health Care Act

in Affordable Care Act, Health Benefits

Updated on March 13, 2016 Unless you recently were stranded on an uninhabited island, or do not own a mobile phone, computer or television, you likely have not heard that the House released the Affordable Care Act repeal and replace bill. This new bill is referred to as the American Health Care Act (“AHCA”).  While there is much to discuss, at this point, we are only focusing on those provisions that affect employers.  Further, we know that this draft will not be the final legislation, and so overly debating its pros and cons is not practical at this point. In… Continue Reading

If You Have Less than 50 Employees, Read This

in Affordable Care Act, Health Benefits

You may not yet have heard about a new type of health plan arrangement created in December 2016 for small employers – the “QSEHRA”.  Many employers, particularly small employers, were adversely affected by a change in the law prohibiting employers from reimbursing employees for the cost of their individual health policies.  Under this new law, Qualified Small Employers can adopt a Health Reimbursement Arrangement that complies with the rules set out in Internal Revenue Code Section 9831(d).  These new arrangements are available only to employers with less than 50 full-time employees and full-time equivalent employees who offer no health plan… Continue Reading

IRS Extends ACA Reporting Deadline

in Affordable Care Act, Tax Issues

This afternoon the Internal Revenue Service issued IRS Notice 2016-70 extending the distribution due date for ACA reporting purposes. Specifically, the notice extends by 30 days the due date for distributing the 2016 Form 1095-B and the 2016 Form 1095-C, from January 31, 2017, to March 2, 2017.  Further, the Service has determined that no extension is needed for filing such forms with the Service.  Therefore, the due date for filing with the Service the 2016 Forms 1094-B, 1095-B, 1094-C, or 1095-C remains February 28, 2017, if not filing electronically, or March 31, 2017, if filing electronically. The notice also… Continue Reading