ACA Archives - Page 3 of 7 - Fairmount Benefits

Latest IRS ACA Round Up (Including 2018 Cost-of-Living Adjustments) | PA Benefit Advisors

December 1, 2017

Recently, the Internal Revenue Service (IRS) issued the instructions for Forms 1094/1095 for the 2017 tax year, announced PCORI fees for 2017-18, and announced cost-of-living adjustments for 2018. The IRS provided additional guidance on leave-based donation programs’ tax treatment and released an information letter on COBRA and Medicare. Here’s a recap of these actions for … Continued

October 2017 Executive Order on Healthcare | PA Benefit Advisors

October 16, 2017

On October 12, 2017, the White House released an Executive Order, signed by President Trump, titled “Promoting Healthcare Choice and Competition Across the United States.” It is important to note that the Executive Order (EO) does not implement any new laws or regulations, but instead directs various federal agencies to explore options relating to association … Continued

New Exemptions from ACA’s Contraceptive Coverage Mandate | PA Benefit Advisors

October 12, 2017

On October 6, 2017, the Departments of Health and Human Services (HHS), Labor (DOL), and Treasury released new interim final rules to allow more employers to exclude contraceptive coverage from their group health plans. The new rules will be published in the Federal Register next Friday and take effect immediately. Read the Moral Exemptions and … Continued

IRS Releases Final 2017 ACA Reporting Forms and Instructions | PA Benefit Advisors

October 5, 2017

The IRS has finalized the forms and instructions that employers will use for 2017 reporting under the Affordable Care Act (ACA). Applicable large employers (ALEs) will use the following: 2017 Form 1094-C (transmittal to IRS). 2017 Form 1095-C (statement to individual). 2017 Instructions for Forms 1094-C and 1095-C (instructions). Employers that self-fund a minimum essential … Continued

IRS Roundup: What Employers Need to Know about the Latest ACA Notices | PA Benefit Advisors

October 3, 2017

In spite of the recent efforts by Congress to change or repeal the ACA, its provisions are still in effect. The IRS has issued continuing guidance on the affordability rate for coverage, the employer shared responsibility provisions and reporting, and the individual mandate provision. IRS Released the 2018 Affordability Rate The Internal Revenue Service released … Continued

What You Need to Know about Health Flexible Spending Accounts | PA Benefit Advisors

September 6, 2017

A health flexible spending account (FSA) is a pre-tax account used to pay for out-of-pocket health care costs for a participant as well as a participant’s spouse and eligible dependents. Health FSAs are employer-established benefit plans and may be offered with other employer-provided benefits as part of a cafeteria plan. Self-employed individuals are not eligible … Continued

DOL Asks for MHPAEA Related Comments; Clarifies Eating Disorder Benefit Requirements | PA Benefit Advisors

June 30, 2017

Earlier this month, the Department of Labor (DOL) provided an informational FAQ relating to the Mental Health Parity and Addiction Equity Act (MHPAEA) and the 21st Century Cures Act (Cures Act). This is the DOL’s 38th FAQ on implementing the Patient Protection and Affordable Care Act (ACA) provisions and related regulations. The DOL is requesting … Continued

What Employers Need to Know about the Senate Proposed Healthcare Bill | PA Benefit Advisors

June 28, 2017

On June 22, 2017, the United States Senate released a “Discussion Draft” of the “Better Care Reconciliation Act of 2017” (BCRA), which would substitute the House’s House Resolution 1628, a reconciliation bill aimed at “repealing and replacing” the Patient Protection and Affordable Care Act (ACA). The House bill was titled the “American Health Care Act … Continued

Senate Releases Health Care Proposal | PA Benefit Advisors

June 22, 2017

This morning, Senate Republicans released their proposal to repeal and replace the Affordable Care Act (ACA). Called the Better Care Reconciliation Act of 2017 (BCRA), the Senate proposal adopts H.R. 1628, the bill narrowly passed last month by the House of Representatives, but replaces all the text. The Senate proposal was released without going through … Continued

Category: ACA

Top 3 Frequently Asked Questions about Qualified Small Employer Health Reimbursement Arrangements | PA Benefit Advisors