Links to IRS Forms 1094 and 1095 plus instructions!

The forms for 1094 and 1095 healthcare reporting are available online from the Internal Revenue Service website. As a refresher: Form 1094-C is used by employers to give an overview of their plan and cost, and to prove they offered minimum essential coverage to their...

Employer Health Plan Reporting 6055 & 6056, 1095

Employer reporting requirements and information on Forms 1095 and 1094 6055 Overview – Minimum Essential Coverage Reporting Section 6055 requires health insurers and sponsors of self-insured plans to report on Minimum Essential Coverage (MEC) to the IRS annually. The...

The “Cadillac Tax” – IRS issues Notice on 40% Excise Tax

On July 30, the Department of the Treasury and the Internal Revenue Service (IRS) issued a second notice regarding the 40% Excise Tax a.k.a. the Cadillac Tax. The notice provides information on possible approaches that are being considered for administering the...

Group Life Insurance – What is Imputed Income?

Many employers provide employees with employer-paid group-term life insurance benefits or arrange for employees to purchase group term life insurance benefits. But did you know that in some cases, if an employer pays for more than a $50,000 life insurance benefit,...

Supreme Court rules in favor of same-sex marriage

Today the Supreme Court released its decision in Obergefell v. Hodges, a 5-4 decision. The Court ruled in favor of same-sex marriage, holding that the Fourteenth Amendment requires states to issue marriage licenses for same-sex couples. The Court also held that states...

Supreme Court rules health premium subsidies legal in all States

The Supreme Court released their ruling on King v. Burwell today. The vote was 6-3 in favor of upholding health premium subsidies in all States, including States that have a Health Plan Exchange run by the Federal Government. Now that the decision is made, we will...