ACA

Employer Reporting Quick Hit - Reporting Offers of Coverage - 1A versus 1E

Applicable large employers (50 or more FTEs) and employers offering self-funded group medical plans are in the midst of finalizing reporting via Forms 1094 and 1095 for the 2022 calendar year. The rep...

Employer Reporting Quick Hit - Affordability Safe Harbors

Issue Date: January 2023 Applicable large employers (50 or more FTEs) and employers offering self-funded group medical plans are in the midst of finalizing reporting via Forms 1094 and 1095 for the...

Further By HealthEquity Shares Recent Legislation that May Impact Consumer-Directed Benefits

Further by HealthEquity has shared the below updates around recent legislative changes that may impact consumer-directed benefits. Internal Revenue Service (IRS) Releases 2023 Index Figures On...

New PCORI Fee Announced

At the time we originally distributed the announcement for the IRS and ACA limits for 2023, the new PCORI Fee amount was projected to be $2.93 for Plan Years ending on or after October 1, 2022 and bef...

ACA Reporting and Other Employer Mandate Compliance Changes for the Upcoming New Year

Recent federal policy changes will impact compliance for Self-Funded Plans, Group Health Plans, and all Applicable Large Employers (ALEs). ALEs are those employers offering group health plans that ...

Fixing The Family Glitch: IRS Final Rules for Family Coverage Affordability

The IRS has issued final regulations that change the way employer-sponsored plan affordability is calculated when determining if a family is eligible for a premium tax credit (PTC) when purchasing ind...

Upcoming Fall and Winter Compliance Deadlines

It’s that time of year again! Some important compliance deadlines are coming up this fall and winter.

2023 Affordability Percentage Decreased

In Revenue Procedure 2022-34, the IRS slightly decreased the affordability percentage from 9.61% to 9.12% for 2023. This percentage determines which applicable large employers may face penalties under...

Proposed Rule Addresses the Family Glitch in Marketplace Plans

The Biden-Harris Administration is proposing a rule to fix the ACA’s “family glitch.” Under the ACA, people who don’t have access to affordable health insurance at work may qualify for a premium t...

IRS Issues Proposed Rules to Fix the Affordability “Family Glitch”

The IRS has issued proposed rules that would change the way employer-sponsored coverage would be treated when determining if a family is eligible for premium tax credits (PTC) when purchasing individu...

2022 Affordability Percentage Decreased

In Revenue Procedure 2021-36, the IRS decreased the affordability percentage from 9.83% to 9.61% for 2021. This percentage determines which applicable large employers may face penalties under §4980H(b...