Summary of the 2020 Kaiser Employer Health Benefits Annual Survey
Each year, the Kaiser Family Foundation conducts a survey to examine employer-sponsored health benefits trends. Our HR Insights bulletin summarizes the main points of the 2020 survey and suggests how they could affect employers. These points provide a high-level view...
Compliance ✔- Deadline Extended for 2020 Form 1095’s to Individuals
The IRS extended a 2021 deadline for Affordable Care Act 2020 reporting required under Sections 6055 and 6056. The reporting requirements apply to employers with 50+ employees, i.e., Applicable Large Employers, and employers who provide self-insured health coverage....
Compliance ✔- 2021 ACA Penalty Amounts
The IRS increased the Affordable Care Act’s (ACA) pay or play penalties for the 2021 calendar year: Section 4980H(a) penalty: $2,700 per full-time employee (minus the first 30 employees) when an ALE does not offer coverage to “substantially all” full-time employees...