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...

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...

New EEOC Ruling affects Workplace Wellness Programs

The proposed rules on use of financial incentives within workplace wellness programs were published by the Equal Employment Opportunity Commission (EEOC) on April 16, 2015.   These rules align the wellness provisions of the Affordable Care Act (ACA) and the Health...