Category
Affordable Care Act
Checklist of 2024 New Year HR and Payroll updates
It’s almost 2024, so now is the time to review and update your company’s HR and payroll practices and documents for the new year. With 2023 ending, there are several human resources and payroll items to review and update for January. Here is Consultstu’s 10 point HR and Payroll checklist for 2024 – start now......
Open Enrollment Trends in 2023
Here are some general trends that have been observed in recent years that continue to influence Open Enrollments for employers in 2023. Open Enrollment trends in 2023, it’s advisable to consult industry reports, insurance providers, Increased emphasis on digital enrollment: With the growing reliance on technology, more employers and insurance...
Ten Step January Checklist for HR Fitness
BRING IT, 2019! As we resume our normal work schedules, with the holidays behind us and all the local gyms at full capacity, it’s time to apply a little extra New Year’s energy and resolve to our HR practices. From updating HR forms to adding up injury numbers, here is a ten step HR Fitness......
IRS Delays Deadline to Furnish Form 1095-C and 1095-B forms for 2019
On November 30, the IRS announced that it moved back the deadlines for when employers must furnish Forms 1095-C and 1095-B in early 2019. The new deadlines are: 1. Employers with 50 or more full-time employees (including full-time equivalent employees) shall furnish a Form 1095-C to all full-time employees no later than March 4, 2019.......
What’s so funny about the updated ACA Exchange Notice Form?
Guess what was revealed in the latest ACA form update? The federal government assumes that your business has a full-fledged HR Department. I doubt this comes as any surprise to our small-to-mid-sized clients! Earlier this year, the Department of Labor made a minor change to its model Health Insurance Exchange Notices, the ACA Marketplace notice...
Compliance Reminder – March 2 deadline to issue 1095-C forms
At the end of December, the IRS extended the 2018 due date for certain entities to provide 2017 health coverage information forms to individuals. The IRS maintains an employer resource section for Affordable Care Act (ACA) compliance information. Insurers, self-insuring employers, other coverage providers, and applicable large employers now have...
“Pay or Play” Tax Penalty Letters are coming by year end
Yes, Obamacare is still the law of the land (at least until the Congress changes the rules) and employers that did not come into immediate compliance will soon be receiving letters from the Internal Revenue Service (IRS). The agency recently announced a plan to notify employers about potential liability for a “pay or play” penalty fo...
Increasing Penalties for Non-compliance with Obamacare in 2018
Today, President Trump signed an Executive Order that ended the Affordable Care Act’s (ACA) cost-sharing reduction payments to insurance companies. The payments were added by President Obama to entice the insurance companies to add policies to the federal and state exchanges. Since Congress did not appropriate funds for the CSR payments (...
IRS extends deadlines for Furnishing Forms 1095-B and 1095-C in 2017
On November 18, 2016, the IRS extended the 2017 due date for providing 2016 health coverage information forms to individuals. Insurers, self-insuring employers, other coverage providers, and applicable large employers now have until March 2, 2017 to provide Forms 1095-B or 1095-C to individuals, which is a 30-day extension from the original due dat...
IRS delays 1094/1095 form filing deadlines
During the holiday season, the IRS published Notice 2016-4 and extended the deadlines that apply to employers and coverage providers for reporting health coverage through the 2015 Forms 1094/1095. The notice stated: Deadline for Forms 1095-B and 1095-C to individuals are extended from February 1, 2016 to March 31, 2016; and Deadline for Forms 10...
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