News
ACA: Affordable Care Act
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.
“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).
2017 Comparative Effectiveness Research Fee Due July 31
The Affordable Care Act imposes an annual fee called the Comparative Effectiveness Research Fee on insurers and plan sponsors of self-insured coverage to help fund the Patient-Centered Outcomes Research Institute.
ACA Regulations And Updates
Network Adequacy Standards
The final rules have adopted several changes related to network adequacy requirements for plans sold on the Marketplace.