Compliance Issues for Short Plan Years
When there is a need to discontinue benefit offerings, or a need to adjust the benefit plan year, employers may need to run a short plan year. Short plan year...
New IRS Filing Requirement for ACA Reporting
The IRS is changing electronic filing requirements for ACA and other required reporting in 2024.
While Amwins Connect originally reported this new re...
Reminder – 2023 Penalties for 1094/1095C Late Filing
Just a friendly reminder there are penalties for filing 1094/1095 statements late with the IRS, for filing incorrect forms, or for not filing at...
PCORI Fee Refresher
As many of you begin assisting brokers and employers with PCORI calculations, reporting and payments, we’ll take a few minutes to remind you of which plans are subject to the fe...
A Reminder on Reporting PCORI Fees to the IRS
June 2023
Fully insured carriers and most self-insured health plan sponsors must pay annual Patient Centered Outcomes Research Institute (PCORI) fee...
The Braidwood Decision and Coverage of Preventive Health Services
Update - May 2023
On May 15, 2023, the Fifth Circuit Court of Appeals issued an administrative stay on the enforcement of the di...
Reminder: The employer mandate under §4980H of the ACA remains in effect and requires compliance to avoid potential penalties for applicable large employers (ALEs).
The Braidwood Decision and Coverage of Preventive Health Services
Date Issued: April 2023
Background
The Affordable Care Act (ACA) amended the Public Health Service (PHS) Act to require non-g...
Do Plans Still Have to Cover ACA Preventive Care?
April 19, 2023
Following a recent U.S. District Court decision placing a national injunction on the enforcement of certain agency recommendation...
Whoops! Correcting Employer Reporting Errors
March 29, 2023
As employers finish filing IRS Forms 1094 and 1095 for the 2022 calendar year and discover that mistakes were made (e.g., mismatched n...
Most Employers Now Required to File Electronic Information Returns Beginning in 2024
On February 21, 2023, the IRS released Final Rules amending the existing requirements related to mandatory e-fil...
IRS Announces ACA Pay or Play Penalties for 2024
The IRS released 2024 penalty amounts on March 9, 2023. This notice is related to the ACA Employer Mandate Penalties. The IRS notice can be reviewed...