News Posts in Category: Employer Guidance

2021 Employer Mandate- 1094/1095 Reporting Requirements for 2020

by Geralyn Isler | January 8, 2021 | Employer Guidance, Health Care Reform

Employer reporting requirements and penalties for non-compliance are due in March. The IRS released instructions and 1094/1095-B and C Forms for the 2020 tax year.

Employer Requirement – Creditable Coverage Notice Due October 15

by Angel Carrier | September 14, 2020 | Employer Guidance

Employers who provide prescription drug coverage to those who are or may become eligible for Medicare Part D, must notify both plan members and CMS on whether the coverage provided is deemed “creditable” or “non-creditable” per the Medicare Modernization Act (MMA) of...

COVID-19 and Employee Benefits

by Geralyn Isler | August 10, 2020 | Employee Benefits, Employer Guidance, Insurance Company News, Recommended Articles

As we approach cold and flu season, the nation and the economy are still combating the affects of the COVID-19 pandemic. As with any public health issue, the insurance carriers work with and follow the guidance and protocols issued by the Centers for Disease Control...

The 2021 Affordability Safe Harbor

by Geralyn Isler | July 30, 2020 | Employee Benefits, Employer Guidance, Health Care Reform

In a recent Notice the IRS announced the adjusted percentage that will be used to determine whether employees' share of their 2021 premiums are considered affordable for purposes of the employer mandate. Applicable Large Employers, for the 2021 plan year, will...

COVID-19 Relief for Section 125 Cafeteria Plans

by Jim Beatrice | May 29, 2020 | Employee Benefits, Employer Guidance, Recommended Articles

The IRS released two notices (2020-29 & 2020-33) providing relief on cafeteria plan election rules and increasing the allowed health FSA carryover. These notices are not an employer requirement, rather options to consider. Keep in mind that if you want to adopt...

Extended Timelines for COBRA

by Geralyn Isler | May 20, 2020 | Employee Benefits, Employer Guidance, Recommended Articles

On May 4, 2020, the IRS and DOL issued a joint Notice extending various timelines that apply to COBRA elections and premium payments. The extensions are retroactive back to March 1, 2020. The extensions will be effective throughout the National Emergency and will end...

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