2019 Forms and Instructions for Forms 1094-C and 1095-C have been released by the IRS, and we anticipate seeing final forms shortly. Although 2019 marked the end of the individual health coverage mandate penalties, very few changes have been proposed to the employer ACA reporting requirements.
State workers’ compensation regulations are becoming more complex due to the legalization of recreational marijuana in 10 states and medical marijuana being prescribed more often for pain management.
Here at Hays Companies Research and Compliance, we have noticed an increased number of questions about the look back measurement method for non-full-time employees. This likely has to do with the fact that the ACA’s Employer Mandate has been the law of the land for about five years now, most employers have tracking systems embedded within their payroll and HRIS systems that automatically calculate who has qualified for coverage, and as a result, the hard won knowledge of the Employer Mandate’s commencement has gone a little rusty (for some).
Health Savings Accounts (HSAs) inhabit a strange place in the employee benefit world: they often exist because of health coverage offered by an employer, employers can contribute to them, but they are ultimately owned by the individual and are not group sponsored health plans. Some strange rules result. In this 35-minute presentation, the Hays Compliance […]
In this 1-hour webinar, presented by Hays Companies Research and Compliance Department, we present an overview of HIPAA Privacy and Security rules applicable to group health plans, as well as the latest requirements for the privacy and security of protected health information (PHI) and the role of the employer as plan sponsor. Other topics include: […]
In today’s business environment, companies are frequently bought or sold. Transactions can be structured as a stock sale, an asset sale, a merger of two companies who are forming a separate company, or a “spin-off” in which a part of an operating unit is separated from the former company and a new company is formed. […]
In 2018 an estimated 36 million workers, or about 23% of the US labor force, continued working past age 65, according to recent data published by the US Dept. of Labor’s Bureau of Labor Statistics (BLS). By 2024, baby boomers (born between 1946 and 1964) will reach ages 60 to 78, many of whom will […]
The Family and Medical Leave Act (FMLA) has been around since 1995. On February 6, 2013, the United States Department of Labor (DOL) published final regulations that expanded the protections under the FMLA. Although many employers understand the job protection aspect of FMLA, protecting and maintaining employee welfare benefits during FMLA leave can be just […]
2018 marks the fourth year for which Applicable Large Employers (ALEs) must report offers of health coverage to full-time employees to the IRS on Form 1094-C and provide Employee Statements (Form 1095-C). The deadline for providing Form 1095 to employees is March 4, 2019. Employers must file Form 1094-C and copies of Form 1095-C by […]