As 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 […]
read morePlease Join us for this 45 Minute ACA update on Thursday October 25th at 1 PM Central (2 Eastern, 12 Mountain and 11 Pacific). Click here register. Description Going into its’ 4th year, The Affordable Care Act has become a part of the yearly routine. In the past year we have seen changes in tax […]
read moreForm 1095-C, Employer-Provided Health Insurance Offer and Coverage Form 1094-C, Transmittal of Employer-Provided Health Insurance Offer and Coverage Information Returns Instructions for Form 1094-C and Form 1095-C Form 1095-B, Health Coverage Form 1094-B, Transmittal of Health Coverage Information Return
read moreA 2016 study by the International Foundation of Employee Benefit Plans (IFEBP) found that 50% of employees do not understand their benefits materials, and nearly 80% do not read them. The general lack of understanding of benefits poses a challenge, especially with health plans, our most heavily utilized benefit. The selection of the right health […]
read moreThis letter is most likely sent due to incomplete or non-existent filing. If the IRS rejected your filing they consider the filing to be not sent until they have either accepted the filing with revisions or accepted it outright. If you didn’t send your filing at all it is recommended that you do so immediately. […]
read moreIf you have received a 227 letter from the IRS below is an explanation of it’s purpose and next steps as directed on the IRS website: The various Letters 227 are acknowledgement letters sent to close an ESRP inquiry or provide the next steps to the Applicable Large Employer (ALE) regarding the proposed Employer Shared […]
read moreForms for 2018 For this year there are no changes to the filing process. The IRS has added additional instructions referencing their website resources for individuals and families. The link can be found here 1094-C 1095-C
read moreFor the last five years we were a company of two brands; HealthCostManager (HCM) and EmployeeTech. This created confusion in the market from a brand identity standpoint. As of this week we happy to announce we have consolidated everything under the umbrella of EmployeeTech. Underneath that umbrella is our HR technology consulting services and two […]
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This is a question that gets asked often these days, especially as we get close to filing time. While there is some degree of uncertainty, most experts agree that ACA reporting will remain a requirement for the 2018 filing season. Below is a brief summary of the Law as we look into 2019: The Individual […]
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Starting in November The IRS began sending letter 226J for the collection of potential Employer Shared Responsibility penalties. These penalties are most commonly associated with employees receiving an Exchange subsidy. We anticipate additional rounds of letters to be issued in the weeks ahead. It is entirely possible your client may receive a letter simply based on a mistake […]
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