Compliance ✔- Deadline for CMS Creditable Coverage Disclosure
Employers who provide prescription drug benefits must report to CMS annually whether the benefits are creditable in respect to Medicare Part D coverage. The disclosure must be made online within 60 days from the beginning of the plan year. For calendar year plans, the...
Compliance ✔- PCORI Fee Extended and Taxes Repealed
The House of Representatives along with the Senate passed two spending bills, H.R. 1158 and H.R. 1865, (a.k.a. the Further Consolidated Appropriations Act of 2020) which are expected to be signed by President Trump and take effect by year-end. The bills include the...
Compliance ✔- 2019 Forms 1094 / 1095 Final Versions Released
The IRS released the final version of Forms 1094-C, 1095-C, 1094-B, 1095-B and instructions (for C Forms and B Forms). These forms must be used by employers and other entities who are subject to the Affordable Care Act’s health coverage reporting requirements...
Compliance ✔- 2020 Deadline Extended for Form 1095
Per Notice 2019-63, the IRS extends the deadline for certain 2019 health information reporting from January 31, 2020 to March 2, 2020. This extension applies to Forms 1095-C and 1095-B provided to individuals. Due to this extension, the IRS will not grant additional...