Compliance News Week Ending August 16, 2024 In this Article: HHS Announces Penalties for HIPAA, Medicare Secondary Payer (MSP), and Summary of Benefits and Coverage (SBCs) Violations When is Creditabl...
Amwins Connect – August 2024 Question of the MonthQuestionOur medical plan year is July 1 through June 30. Coming up on our renewal, we now have less than 35 employees, so we do not believe we are an ...
ACA Health Insurance Subsidies Could Expire at the End of 2025Resource for this article is from the Kaiser Family Foundation (KFF) website. The effect of the subsidies expiring would be enrollees in t...
Compliance News Week Ending July 19, 2024
Draft Employer Reporting Form 1095s
The IRS released draft versions of the Form 1095-A, Form 1095-B and Form 1095-C used for reporting enrollment in min...
New Potential ACA Rule – Adult Dental Coverage
A few months back, the Biden Administration proposed enhancing ACA insurance by adding adult dental coverage. This falls under the HHS Notice of Benef...
UnitedHealthcare and Oxford Level Funded groups with plan years ending in 2023 have been provided a PCORI Membership Report to assist in the annual fee filing.
Employer Compliance Tip
Are SSNs Required for Medical Plan Enrollment?
There seems to be confusion about whether employees, spouses and dependents must provide a valid social security number (SS...
Who Has To Provide 1094/1095C Statements to Employees and Information to the IRS?
Question
The insurance carrier confirmed that the Form 1095-Bs were filed for the fully insured plan, so does th...
[UPDATED] Based on IRS direction and in accordance with Individual Mandates, UnitedHealthcare has updated guidance for posting and notifying fully insured subscribers of annual tax forms.
Amwins Connect – March 2024 Question of the Month
Question
What is the penalty for failing to prepare and submit Forms 1094 and 1095 (B or C)?
Answer
Employers that fail to file, file late...
Employer Reporting Tip - ACA Reporting Deadlines
February 29, 2024
Question
Are there extensions available for the ACA employer reporting deadlines?
Answer
The ACA employer reporting de...
IRS Updates - 4980H Penalties and Premium Tax Credit Eligibility
February 14, 2024
The IRS released 2025 4980H penalty amounts and updated FAQs regarding premium tax credit eligibility, so this ...