Entries for May 2014

On March 5, 2014, the Internal Revenue Service (IRS) released final regulations on the reporting requirements under the Affordable Care Act (ACA), which are designed to enforce the individual and employer mandates. Beginning 2016, for the prior calendar year, employers who are subject to the Employer Mandate or sponsor self-funded group health plans are required to report information to the IRS and provide copies to each “responsible individual” under section... Read more
Insurance companies will have the option to extend pre-Affordable Care Act plans to small employers and individuals who have pre-ACA plans in force already, for another year. This announcement was made at the request of the Obama Administration and shortly after similar decisions were made by the States of Indiana and Ohio. Read more