Posts from September 2015.
Lyndsey Barnett
There is a lot of confusion as to whether an employer with a Health Reimbursement Arrangement (“HRA”) must report the employees participating in the HRA on Form 1095. Part of the confusion stems from the fact that the IRS keeps changing its mind.
In the final draft of the 2015 Instructions for Forms 1094-B and 1095-B , the IRS ...
There is a lot of confusion as to whether an employer with a Health Reimbursement Arrangement (“HRA”) must report the employees participating in the HRA on Form 1095. Part of the confusion stems from the fact that the IRS keeps changing its mind.
In the final draft of the 2015 Instructions for Forms 1094-B and 1095-B , the IRS ...
Chris Allesee
Earlier this week, the American Bar Association released the transcript of its annual joint committee on employee benefits meeting with the IRS, and (no surprise), there were a few questions related to the Affordable Care Act. The meeting dates back to May, so the transcript does not break new ground, but it does include a good ...
Earlier this week, the American Bar Association released the transcript of its annual joint committee on employee benefits meeting with the IRS, and (no surprise), there were a few questions related to the Affordable Care Act. The meeting dates back to May, so the transcript does not break new ground, but it does include a good ...
Lyndsey R. Barnett
New Internal Revenue Code Sections 6055 and 6056 require that large employers (those with 50 or more full-time equivalent employees) and employers that sponsor self-funded group health plans file new IRS Forms 1094 and 1095 beginning in January 2016. A Form 1095 gets sent to all full-time employees regardless of whether ...
New Internal Revenue Code Sections 6055 and 6056 require that large employers (those with 50 or more full-time equivalent employees) and employers that sponsor self-funded group health plans file new IRS Forms 1094 and 1095 beginning in January 2016. A Form 1095 gets sent to all full-time employees regardless of whether ...
Chris Allesee
In a recent blog post, we talked about the value of knowing whether certain types of benefit programs are subject to ERISA’s Form 5500 filing requirements, including life insurance, accident, or disability coverage. It turned out to be auspicious timing, as the IRS Employee Plans Compliance Unit announced a new project
In a recent blog post, we talked about the value of knowing whether certain types of benefit programs are subject to ERISA’s Form 5500 filing requirements, including life insurance, accident, or disability coverage. It turned out to be auspicious timing, as the IRS Employee Plans Compliance Unit announced a new project
Jamie Scott
When the Pension Benefit Guaranty Corporation (PBGC) was created under ERISA in 1974, it charged every defined benefit plan a flat rate premium of $1 per plan participant. The premium was little more than a nuisance in 1974, but for 2015, the flat rate premium is $57 per participant and there is an additional variable rate premium of $24 ...
When the Pension Benefit Guaranty Corporation (PBGC) was created under ERISA in 1974, it charged every defined benefit plan a flat rate premium of $1 per plan participant. The premium was little more than a nuisance in 1974, but for 2015, the flat rate premium is $57 per participant and there is an additional variable rate premium of $24 ...