Draft Instructions for Employer Reporting of Health Coverage Released

Last week we posted the draft forms for employer reporting of health coverage.  These forms are required for most applicable large employers under the Affordable Care Act.  Now, the instructions for these forms have been made available.

Draft Instructions for Employer Reporting of Health Coverage Released

The bulletin below has more information regarding the instructions.  For just the instructions themselves, click below.

These can be complicated issues, so if you need assistance, please do not hesitate to contact us.

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Benefits Buzz – September 2014

There were several important items to be aware of in the past several weeks related to employer sponsored health insurance.  Included in this month’s Benefits Buzz are summaries on:

All of these will affect employers, employees, and the insurance plans.

Benefits Buzz September 2014

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Live Well, Work Well – September 2014 Wellness Newsletter and Tips

It’s a great time of year.  Fall is about to be here and the temperatures are about to cool down.  Many people will take advantage of the season to go camping.  This month’s Live Well, Work Well newsletter has some tips on having fun and being safe out at the campsite.  Other tips include:

  • How to stay healthy as you age
  • Low impact exercising
  • Traditional and Roth retirement plans
  • Arroz con Pollo (Rice with Chicken) recipe

EBSG Live Well, Work Well – September 2014

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IRS Releases Draft Forms for Employer Reporting of Health Coverage

In July the Internal Revenue Service (IRS) released draft versions of forms that employers will use to report information under Sections 6055 and 6056 about the health insurance coverage they provide to their employees.  These forms are draft only and should not be filed with the IRS.

The following draft forms are available, and can be found here.

  • Form 1094-B: Transmittal of Health Coverage Information Returns;
  • Form 1095-B: Health Coverage;
  • Form 1094-C: Transmittal of Employer-Provided Health Insurance Offer and Coverage Information Return;
  • Form 1095-C: Employer-Provided Health Insurance Offer and Coverage

Forms 1094-C and 1095-C will be used by large employers that are reporting under Code Section 6056.  Forms 1094-B and 1095-B will be used by health insurance insurers/carriers, self-insured plan sponsors that are not large employers, multiemployer plan sponsors, and providers of government sponsored coverage under Section 6055.  But be careful, because a reporting entity that is reporting under 6055 as a large employer will file under a combined reporting method, using forms 1094-C and 1095-C.

Instructions for the forms can be found here.

For more information, take a look at the bulletin below, and feel free to contact us.

IRS Releases Draft Forms for Employer Reporting of Health Coverage

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Final Rule Released on ACA Waiting and Orientation Periods

On June 23, 2014, final rules regarding the Affordable Care Act’s (ACA) Waiting Period and Orientation Period were announced.  The ACA says that groups and health insurers offering group coverage cannot apply any waiting period longer than 90 days.  The final rule clarifies the maximum length of any “reasonable and bona fide employment-based orientation period” as it relates to the waiting period limit.

This rule will go into place on January 1, 2015.  Read more details in the Health Care Reform Bulletin below.

Final Rule Released on Waiting and Orientation Periods

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