On December 29, 2015, the IRS published extended deadlines for issuance and filing of the new Affordable Care Act tax forms: Form Original Reporting/Filing Date Extended Reporting/Filing Date Form 1095-B Health Coverage (Distributed by insurance carriers, self-insured ALE or other coverage providers) Feb. 1, 2016 (Send to the covered individual) March 31, 2016 Form […]
Affordable Healthcare Act
Ready, Set, Get Prepared for Obamacare!
Obamacare Accounts Can Be Registered Today The Health and Human Services Department (HHS) announced today that individuals don’t have to wait until October to set up their accounts for enrollment in healthcare. An individual will not be able to actually enroll until October 1, 2013. However, in an effort to get people ready for the […]
Employer Shared Responsibility Penalty Delayed
Employer Pay or Play Penalty Delayed to 2015 from BCL Systems, Inc. The Employer Shared Responsibility Penalty under the ACA Will Not Be Assessed by IRS until 2015 The Treasury Department recently announced that the IRS will not enforce the employer shared responsibility penalty. Under the Affordable Care Act (ACA), an employer with more than […]
US Supreme Court’s Decision on the Defense of Marriage Act (DOMA)
Actions Employers Need to Take in Response to the Ruling on DOMA The US Supreme Court ruled that Section 3 of the Defense of Marriage Act (DOMA) was unconstitutional. This was the section of DOMA that defined a marriage being between same sex couples. The results of this ruling is that now many domestic partners […]
The Affordable Care Act’s Effect on COBRA
Beginning in October, 2013 enrollments in the Insurance Marketplace (State or Federal Exchanges) will begin. Since former employees will now be eligible for coverage under one of the State Insurance Marketplace plans, what happens to COBRA coverage? Does an employer still have to offer COBRA coverage? Will employees elect COBRA coverage? Will former employees be […]
HHS State Exchange
State Exchanges March On or do They? States are moving ahead on building State Exchanges, but… Health and Human Services (HHS) Secretary Kathleen Sebelius announced today that the following states have received new grants to establish State Exchanges under the Affordable Care Act: California Connecticut Hawaii Iowa Maryland Nevada New York Vermont “We continue to […]