ACA Employer Reporting and Gag Clause AttestationOctober 9, 2024As brokers/consultants are busy helping many of their clients to prepare for open enrollment, don’t forget about some of the end of the ...
Compliance News Week Ending October 4, 2024 In this Article: 1094/1095B Forms and Instructions from IRS 1094/1095C Forms and Instructions from IRSThe IRS released the draft instructions for 2024 forms...
2025 Deadlines and Penalties Under the Affordable Care Act This information provides the deadlines for 2024 calendar year reporting, due in 2025, under the Affordable Care Act (ACA) as well as the pen...
IRS Releases 2025 ACA Affordability PercentageOn September 6, 2024, the Internal Revenue Service (IRS) released Rev Proc. 2024-35 announcing the Affordable Care Act (ACA) affordability percentage thre...
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 ...
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...
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...