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Welcome to the Snell & Wilmer Benefits Blog. We will be posting about current employee benefits and executive compensation topics and issues. We invite you to contact the authors with your thoughts or questions.Blog Contributors
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Final Forms and Instructions for ACA Information Reporting Released
The IRS recently released the final forms and instructions for information reporting under the Affordable Care Act (“ACA”). The final forms and instructions will be used for reporting in 2016 concerning 2015 coverage. The final forms and instructions can be … Continue reading
Posted in Employee Benefits, Health & Welfare Plans, Health Care Reform
| Tagged ACA, ACA reporting, Affordable Care Act, information reporting, IRS forms
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New Draft Instructions Released for ACA Information Reporting
As explained in my previous blog, Code Sections 6055 and 6056, added by the Affordable Care Act (“ACA”), require all employers (even small employers) sponsoring self-funded health plans and large employers to file information returns with the IRS and furnish … Continue reading
Posted in Employee Benefits, Health & Welfare Plans, Health Care Reform
| Tagged 30-day extension, ACA, Affordable Care Act, draft instructions, Form 8809, information reporting, IRS, Section 6055, Section 6056
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ACA Information Reporting Penalties Have Been Increased
Code Sections 6055 and 6056 require large employers and all employers (even small employers) sponsoring self-funded health plans to file information returns with the IRS and furnish statements to applicable employees concerning the health coverage offered or provided to these … Continue reading
Posted in Employee Benefits, Health & Welfare Plans, Health Care Reform
| Tagged Affordable Care Act, heatlth care reform, large employer penalties, large employer reporting, penalty increase, Section 6055, Section 6056, self-funded health plans, TPEA
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May Companies Reduce Employee Hours to Avoid ACA Requirements?
The Affordable Care Act (the “ACA”) generally requires that large employers offer health coverage that meets certain requirements to their full-time employees (i.e., employees working 30 hours or more per week) and their children to avoid paying potential tax penalties. … Continue reading
Posted in Employee Benefits, Health & Welfare Plans, Health Care Reform
| Tagged Affordable Care Act, employee hours, ERISA Section 510, full-time employees, health care reform, reduction in employee hours
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EEOC Proposed Regulations May Require Revisions to Your Tobacco Prevention Wellness Program
In our April 21 blog, Wellness Programs: Agencies Issue Helpful Guidance but Look Before You Leap, Nancy Campbell wrote about the release of the much-anticipated EEOC proposed regulations concerning wellness programs. In her blog, Nancy briefly touched upon some of … Continue reading
Posted in Employee Benefits, Health & Welfare Plans
| Tagged EEOC, HIPAA, tobacco prevention, wellness
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IRS Forms and Instructions Finalized for Reporting Health Coverage
On February 8, 2015, the IRS released final forms and instructions for reporting health coverage pursuant to Code Sections 6055 and 6056, which were added by the Health Care Reform Act. Please see our SW Benefits Update, “Final IRS Forms … Continue reading
Posted in Employee Benefits, Health & Welfare Plans, Health Care Reform
| Tagged 6055, 6056, Affordable Care Act, Health Care, health care reform, large employer reporting
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EAPs That Meet Four Requirements May Avoid Application of Health Care Reform
Benefits provided through an employee assistance program (“EAP”) may be considered group health plan coverage, which would subject the EAP to the health care reform requirements mandated by HIPAA and the Health Care Reform Act, unless the EAP meets the … Continue reading
Posted in Employee Benefits, Health & Welfare Plans, Health Care Reform
| Tagged EAP, employee assistance program, excepted benefits, final regulations, Health Care, health care reform, welfare plans
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HHS Extends November 17 Deadline to Submit Covered Lives Data under Reinsurance Program
The Health Care Reform Act created the transitional reinsurance program, which requires most self-insured health plans to make contributions to HHS for the 2014, 2015, and 2016 calendar years, in an attempt to stabilize premiums in the individual market. The … Continue reading
Posted in Employee Benefits, Health & Welfare Plans, Health Care Reform
| Tagged Health Care, health care reform, health plans, HHS, reinsurance program, self-insured health plans
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November 5 Deadline to Obtain HPID Delayed by HHS
On October 31, 2014, HHS announced a delay, “until further notice,” in the enforcement of the regulations pertaining to Health Plan Identifiers (HPIDs) and their use in HIPAA standard electronic transactions. For more information on the HPID requirements, please see … Continue reading
Posted in Employee Benefits, Health & Welfare Plans
| Tagged health plans, HIPAA, HPID
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Gear Up for Reporting of Health Coverage
Starting in 2016, Section 6055 of the Internal Revenue Code (the “Code”), which was added by the Health Care Reform Act, requires all entities providing “minimum essential coverage” (“MEC”) to submit information to the IRS concerning each covered individual for … Continue reading
Posted in Employee Benefits, Health & Welfare Plans, Health Care Reform
| Tagged Affordable Care Act, Health Care, health care reform, minimum essential coverage, reporting
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