News-to-Use

Social Security Numbers for ACA

The Affordable Care Act requires insurers and sponsors of self-funded health plans to report to the IRS information about individuals enrolled in health coverage. A ...
READ MORE

Medical Loss Ratio Rebates

The Medical Loss Ratio (MLR) provisions of the Affordable Care Act require insurers and certain self funded group health plans to spend at least a certain percentage of ...
READ MORE

Email Distribution of ACA Forms

Employers can save time and money by distributing 1095 Forms by email. The IRS allows electronic distribution of 1095 Forms if the employee consents to receive the form ...
READ MORE

Inflation Reduction Act ACA Impact

The Inflation Reduction Act, signed into law by President Biden this week, includes changes to employers should consider.
READ MORE

ICHRA

Employers that offer Individual Coverage Health Reimbursement Accounts (ICHRAs) must track that coverage to report on ACA Form 1095-B/C.
READ MORE

New Affordability Percentage Released

The IRS released the ACA affordability percentage for 2023 in Revenue Procedure 2022-34. The affordability percentage is the lowest it has been since the inception of ...
READ MORE

PCORI Fee

Employers with self-funded health plans should have their PCORI fee payment ready by August 1.
READ MORE

Draft Form 1095-C Released

The IRS released draft Form 1095-C for the 2022 reporting year.
READ MORE

Question of the Week

Q.- We use the monthly measurement method for calculating ACA full-time status. We have a part-time employee who will have worked more than 130 hours in June. Do we have ...
READ MORE

Draft 1095-B and 1095-A Released

The IRS released draft Forms 1095-A and 1095-B for the 2022 reporting year. Form 1095-C has not yet been issued, nor have related instructions.
READ MORE