We have received a few questions over the past few weeks on what your employer obligation is to your employees in providing them documentation to prove they had medical coverage in 2014. For the 2014 tax year, there is nothing you need to provide your employees to prove they had medical coverage. There will be requirements for the 2015 tax reporting year. read more

Read an overview of the new reporting requirements and see draft versions of the required forms in this month's newsletter. The Affordable Care Act (ACA) created new reporting requirements, by which certain employers must provide information to the IRS about the health plan coverage they offer (or do not offer) to their employees. On July 24, 2014, the Internal Revenue Service (IRS) released draft versions of the following forms that employers will use to report under Sections 6055 and 6056. read more

For 2015, the most significant ACA development impacting employers is the shared responsibility penalty for applicable large employers and related reporting requirements. To prepare for 2015, here's a checklist for employers to review upcoming requirements and develop a compliance strategy. read more

Model COBRA Notices Updated for ACA Changes: Check out the COBRA updates and stay in compliance read more

Compliance with the complex rules regarding COBRA coverage can be difficult and mistakes can be costly. Penalties for non-compliance can include IRS excise taxes and ERISA statutory fines. This month's newsletter provides practical information and tips for avoiding these penalties and other risks, such as law-suits to compel coverage and adverse selection of COBRA coverage. read more