by Editor | Jun 21, 2016 | ACA Reporting Services
FACT: Completing IRS Forms 1094 and 1095 is not the END but just the BEGINNING of the “multi-step” process necessary for a company to be FULLY COMPLIANT with the Affordable Care Act (ACA) While most brokers (and Employers) are breathing “a sigh of relief,” COMPANIES...
by Editor | Jun 20, 2016 | ACA Reporting Services
The overriding issues for the health insurance industry pertain to the regulatory, financial and competitive challenges brought about by the Health Care Reform Act, more popularly known as Obamacare. Having faced limited government interference in their operations...
by Editor | Jun 20, 2016 | ACA Reporting Services
Although the IRS issued its final ACA regulations (“Final Regulations”) in February 2014, this area of the law is consistently evolving as the IRS continues to issue guidance on the regulations. In the last year, the IRS has issued Notices 2015-17 and 2015-87,...
by Editor | Jun 17, 2016 | ACA Reporting Services
Is your company in compliance with the Affordable Care Act? The ACA, which is designed to broaden access to health care while reforming the way it is provided and reimbursed, mandates that companies furnish employees with a form that documents insurance coverage...
by Editor | Jun 17, 2016 | ACA Reporting Services
HCI is now taking reservations for 2016 Forms 1094 & 1095! The Obama administration Wednesday said it would offer state insurance regulators a total of $22 million in funding to use to make sure that health insurers are complying with key consumer protections...
by Editor | Apr 28, 2016 | Uncategorized
On April 12, 2016, the Internal Revenue Service (IRS) issued Revenue Procedure 2016-24 to index the contribution percentages in 2017 for purposes of determining the affordability of an employer’s plan under the Affordable Care Act (ACA). For plan years beginning in...
by Editor | Apr 11, 2016 | Uncategorized
On April 18, 2016, the Centers for Medicare & Medicaid Services (CMS) extended a transition policy for state-based Small Business Health Options Program (SHOP) Exchanges that have not been able to implement online enrollment. The extended transition policy allows...
by Editor | Mar 23, 2016 | Uncategorized
ACA Changes The Affordable Care Act (ACA) has brought significant changes to the health care industry. Below are some of the main trends that have resulted from the ACA over the past few years: Employer Coverage Despite initial concerns that many employers would drop...
by Editor | Feb 22, 2016 | ACA Reporting Services, Reporting Requirements
[vc_row][vc_column][vc_column_text] NEW REPORTING DEADLINE: On Dec. 28, 2015 the IRS issued new 2016 due dates for the filing and furnishing forms under Section 6055 and 6056. Q: Do you work with Applicable Large Employers who are now subject to IRC Sections...
by Editor | Feb 11, 2016 | Uncategorized
[vc_row][vc_column][vc_column_text] Paying Premiums for Individual Health Insurance Policies Prohibited Due to the rising costs of health coverage, some employers have considered helping employees pay for individual health insurance policies instead of offering an...
