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Tagged in: Health Care Reform 87

Final IRS Forms and Instructions Issued for 2015 Section 6055 and 6056 Reporting

  • By Poms Connects
  •  |
  • Feb 04, 2016

Summary: The Affordable Care Act created new reporting requirements under Internal Revenue Code Sections 6055 and 6056. Under these new reporting rules, certain employers must provide information to the IRS about the health plan coverage they offer (or do not offer) or provide to their employees. Reporting is first required in 2016, related to the coverage offered or provided in 2015.
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Topics: Health Care Reform, Affordable Care Act ACA

Form 1095-B for Fully-Insured Benefit Plans

  • By Poms Connects
  •  |
  • Feb 04, 2016

Summary: In compliance with provisions of the mandate by the ACA, health insurers of fully-insured benefit plans are beginning to mail the Form 1095-B (health coverage forms) for the 2015 tax year to each of the subscribers on those plans.
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Topics: Health Care Reform, Benefits, Affordable Care Act ACA

Variable Hour Employees Under the Affordable Care Act

  • By John Rossetti
  •  |
  • Nov 17, 2015

Summary: The concepts of measurement, stability and administrative periods are hard enough to understand, and Poms Risk Services receives multiple questions around this confusing issue each day. Understanding how these concepts apply to variable hour employees hired by an organization creates even more confusion. There are additional circumstances employers need to understand with regard to hiring a variable hour employee.
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Topics: Health Care Reform, Affordable Care Act ACA