Furnishing Deadline Delayed for 2017 ACA Reporting
Under this notice, the 2017 deadline for furnishing forms to individuals under Section 6055 and Section 6056 was extended for 30 days.
President Signs Executive Order Designed to Change ACA Rules
On Oct. 12, 2017, President Donald Trump signed an executive order intended to change certain rules under the Affordable Care Act (ACA).
ACA Compliance Bulletin
On Nov. 18, 2016, the Internal Revenue Service (IRS) issued Notice 2016-70 to: e xtend the due date for furnishing forms under Sections 6055 and 6056 for 2016 for 30 days, from Jan. 31, 2017, to March 2, 2017; and extend good-faith transition relief from penalties ...
Medicare Part D Notices are due by October 14, 2016
Group health plan sponsors must provide the annual Medicare Part D creditable coverage disclosure notices to Medicare-eligible individuals before Oct. 15, 2016—the start date of the annual enrollment period for Medicare Part D. Read more to understand the requirement to provide Medicare Part D notices, including the upcoming deadline, the availability of model notices and permissible ways to deliver the notices.
2017 Open Enrollment Checklist
To prepare for open enrollment in 2017, company’s who offer health plans to their employees should be aware of the legal changes affecting the design and administration of plans for plan years beginning on or after Jan. 1. This overview also includes an open enrollment checklist for the 2017 plan year.
IRS TO ACCEPT ACA FILINGS AFTER JUNE 30 DEADLINE
The IRS has announced that electronic ACA information returns may continue to be filed after the filing deadline, which was June 30, 2016. These returns are required under Internal Revenue Code Sections 6055 and 6056, which were created by the ACA.
FAQ’s on the PCORI Fees
The Affordable Care Act (ACA) requires health insurance issuers and sponsors of self-insured health plans to pay Patient-Centered Outcomes Research Institute Trust Fund fees (PCORI fees). The fees are reported and paid annually, due by July 31 of each year.