The Affordable Care Act (ACA) created new reporting requirements under Internal Revenue Code Sections 6055 and 6056, whereby certain employers and insurers must provide information to the IRS about the health plan coverage they offer or do not offer to their employees. On February 8, 2015, the IRS released final versions of forms and instructions
On Dec. 22, 2014, the Departments of Labor (DOL), Health and Human Services (HHS) and the Treasury (Departments) released proposed regulations concerning the summary of benefits and coverage (SBC). The proposed regulations would amend the final SBC regulations from February 2012, and would revise the SBC template, instructions guides and uniform glossary. The SBC template
This five-minute cartoon video that explains health insurance using fun, easy-to-understand scenarios.
One of the key components of the Affordable Care Act (ACA) is that everyone is required to obtain “minimum essential” health coverage in 2014 or pay a penalty. Minimum essential health coverage can be obtained through your employer, through the Health Insurance Marketplace (Exchange), through a health plan outside of the Marketplace or through a
Thank you for finding your way to our “Benefits Blog.” This is where we will post news and information about the benefits industry as it becomes available. From time to time, we’ll also post opinions and ideas that will work to help us meet our mission to to create long-term partnerships with our clients by