Entries for 'gisler'

Once again (in Notice 2018-94) the IRS has extended the deadline for furnishing Forms 1095-B and 1095-C to individuals from January 31 to March 4, 2019.  The notice does not extend the due date for filing Forms 1094-B and 1094-C (and accompanying Form 1095s) with the IRS. Accordingly, the deadline remains February 28, 2019, for paper filings, and April 1, 2019, for electronic filings.   For more information on the 1095 and 1094 reporting requirement... Read more
The Affordable Care Act established the Patient-Centered Outcomes Research Institute (PCORI) to explore the effectiveness, risks and benefits of medical treatments. The fees are to be collected for plan years and policy years that end after September 30, 2012, and before October 1, 2019.  All non-excepted employer sponsored health plans need to pay PCORI Fees by July 31st.  If the plan is fully insured, the carrier is responsible for paying the fee. If the pla... Read more
Forms 1094/1095-B (B Forms) and Forms 1094/1095-C (C Forms), and related instructions, for the 2018 tax year have been released and are provided below. Employers Subject to Reporting Applicable large employers (ALEs), who are in general, entities that employed 50 or more full-time and full-time-equivalent employees in 2017, are required to report information about the health coverage they offered or did not offer to employees for 2018. To meet this reporting... Read more
The IRS recently released Notice 2018-17 that permits small employers to claim the small business tax credit for non-marketplace coverage if there are no options available on the small business health options (SHOP) marketplace. The notice applies for 2017 and beyond and verifies that the employer's plan must meet the requirements for the tax credit in place prior to 2014. Business Benefits has been advocating for this change for several years. The tax credit ... Read more
In a recent Notice the IRS announced the adjusted percentage that will be used to determine whether employees' share of their 2019 premiums are considered affordable for purposes of the employer mandate. Applicable Large Employers, for the 2019 plan year, will need to apply the decreased threshold of 9.86%  to any of three "safe harbors:" •             W-2 wages •     &... Read more
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