President Trump moved swiftly after taking office on Friday, issuing an Executive Order intended to minimize the economic and regulatory burdens of the Affordable Care Act (“ACA”). The order is somewhat symbolic and has no immediate effect on employers, many of whom...
IRS Provides a 30-Day Extension for Furnishing Forms 1095 and Extends Good Faith Transition Relief The Internal Revenue Service (IRS) has released Notice 2016-70, which extends the deadline for furnishing Forms 1095-B and 1095-C to individuals from January 31, 2017 to...
In what was already a historic election year, it was made even more memorable with legislation regarding marijuana being on the ballot in nine states. Of the nine states that voted on marijuana initiatives, eight passed including Massachusetts, Maine, California and...
In preparation for the Medicare fall open enrollment period , employers sponsoring group health plans that include prescription drug coverage are required to notify all Medicare-eligible individuals whether such coverage is creditable. Creditable coverage means that...
As health care costs continue to rise, employers are always looking at ways to soften the blow of medical expenses. One of the ways to do this is through consumer driven health plans. Some plans allow employees to use these accounts to pay for medical expenses that...
Senate Votes to Approve Bill Delaying Cadillac Tax On Friday, December 18, the Senate voted to approve the Protecting Americans From Tax Hikes Act of 2015, which delays for two years the Affordable Care Act’s (ACA) excise tax on high cost employer-sponsored health...
