The Internal Revenue Service (IRS) recently issued Revenue Procedure 2020-36 increasing the affordability percentage index from 9.78% in 2020 to 9.83% for the 2021 plan year. Coverage will be considered affordable...
On November 29, the U.S. Treasury released Notice 2019-63, extending the due date for employers and providers to issue health coverage forms to individuals for the 2019 tax year from...
It's reporting season again for applicable employers who are working to comply with Affordable Care Act requirements. Forms 1095 and Forms 1094 play an important role in avoiding IRS penalties....
Another calendar year is nearing its end, and that means the 2019 ACA reporting season is upon us. For HR teams responsible for ACA compliance and management, now is the...
The Internal Revenue Service (IRS) recently announced updated affordability percentages that are effective for taxable years and plan years beginning January 1, 2020. The IRS is decreasing the affordability percentage index...
At first glance the expectations tied to the Affordable Care Act (ACA) can seem well-defined. The “rule of 95”, after all, dictates that all appropriate companies must provide coverage to...
We’re going to go on a limb here and guess that you probably don’t spend a lot of your free time discussing IRS Forms 1094 and 1095. That's OK. Here’s what you...