The 2020 draft forms for ACA – 1094 and 1095 were introduced last week by the IRS. For the first time in several years we have seen some significant changes to this required employee 1095 form. There were not changes to the 1094 employer form. The draft forms can be found here. The first notable […]
read moreThere’s no better time to know if you did Michael Weiskirch, Principal EmployeeTech The pandemic, the great worldwide experiment in remote engagement, has forced us to rethink our work in profound ways. In person meetings use to be the norm for many companies often creating challenges to line up schedules. Suddenly we found greater flexibility […]
read moreBelow please find the final version of 1095 B and C forms for tax year 2019. As referenced in an earlier post there are no structural changes to the forms for 2019.
read moreThis morning the IRS (in a notice) has delayed the deadline for providing 1095 B and C forms to employees by 30 days. The revised deadline is now Monday March 2, 2020. Other Clarifications The IRS has also clarified in this notice the reduction of the individual penalty to $0 for 2019. At the same […]
read moreNormally the IRS releases their draft forms in the July August time frame and follows through with the approved version sometime in early fall. For the first time the IRS has delayed the release of the draft forms for about three months leading to speculation on possible significant changes to the form structure or delivery […]
read moreClients hate renewals. Health plan rates will likely change year to year, and mostly in the wrong direction. Even though some changes can be for the positive, they often require some form of decision and possibly re-enrollment. This translates to more work for HR. And, these changes also demand action by employees to make decisions […]
read moreHow the Executive Order concerning the Individual Mandate as well as state laws affect you and your employees starting this year On December 22, 2017, President Trump signed the Tax Cuts and Jobs Act bill of 2017 into law. The resulting piece of legislation, which will take effect this year (tax year 2019), will abolish […]
read moreAs our ACA filing season ends for 2018, I thought it would be helpful to share some of the latest misconceptions we have seen employers make concerning employer ACA requirements. The legislation can be murky, and the regulatory environment adds to this uncertainty. This article will provide some clarity on the employer requirements which are […]
read morePublished on Shortlister For the nearly 20 years of working in the HR technology space, I have witnessed a healthy and continuous growth in innovation. Employers are automating more of their HR and benefits process faster and more affordably than ever before. And, employees are accessing these tools through their smartphones and other devices at […]
read moreAs stated in a memorandum on November 29, the IRS has once again extended the due dates for 1095 B and C forms to be distributed to employees for the 2018 tax year from January 31st to March 4, 2019.. This comes as a welcome relief for employers and insurers. For more information see Notice […]
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