News
News
Partial Extension For 2017 ACA Reporting
The IRS has extended the deadline by which applicable large employers (ALEs) and entities providing minimum essential coverage (MEC) must distribute Forms 1095-B and 1095-C to individuals for the 2017 reporting year. These forms were previously due to individuals no later than January 31, 2017. The extended deadline for providing these forms to individuals is now March 2, 2018.
Self-Funded Health Plans Grow In Popularity
As organizations begin to assess options for health coverage in 2018, new data could help provide some perspective. Employer premiums on health care plans rose higher in 2017 than they have in the past five years, according to a nationwide health plan survey, Benefits Pro reported.
“Cadillac Tax” And Health Insurance Industry Fee Delayed In Spending Bill
President Trump signed into a law short-term spending bill to reopen and fund the federal government through February 8, 2018. Attached to the bill are delays or suspensions of three taxes under the Affordable Care Act (ACA) and a six-year extension of the Children’s Health Insurance Program (CHIP).