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Posts from: March 2017

Is this a Football Game or are we talking about Health Insurance?

Author: Jan Fernandez    Posted: March 1, 2017

It feels like a quarterback calling out a play, 6056, 1095, 4980H – HIKE!, but employers are reporting which employees had health insurance and for how many months during the year. The Affordable Care Act (ACA) created reporting requirements in Internal Revenue Code (Code) Section 6056. Under these rules, applicable large employers Applicable Large Employer (ALEs) subject to the employer shared responsibility rules must provide information to the Internal Revenue Service (IRS) about the coverage […]

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From The Blog - Are you ready for Open Enrollment Season??

With over 69% of all employer sponsored health plans renewing January 1, 2017 it’s time to get ready for your employees Open Enrollment period; but are you going to be ready? 2017 holds new legal changes affecting the design and administration of your plans. You should review your plan documents to confirm that they include the required changes. Do you have a Summary Plan Description “SPD” or summary of material modifications “SMM”? This is different […]

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