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IRS Moves Back Furnishing Deadlines for Forms 1095-C and 1095-B

November 30, 2018

Furnishing Deadline Moved to March 4 The IRS has moved back (PDF) the deadlines by which employers must furnish Forms 1095-C and 1095-B in early 2019. As a result: Employers with 50 or more full-time employees (including full-time equivalent employees) generally must furnish a Form 1095-C to all full-time employees no later than March 4, …

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2019 Health FSA Contribution Limit Announced

November 15, 2018

Contribution Limit to Increase $50 in 2019 The IRS has announced (PDF) that the contribution limit for health flexible spending arrangements (health FSAs) will be $2,700 in 2019. For 2018, the contribution limit is $2,650.

Administration Proposes Allowing All Employers to Offer HRAs to Reimburse Individual Health Insurance Policy Premiums

October 23, 2018

If Finalized, Proposal Would Become Effective for 2020 Plan Year A new proposed rule would permit all employers to offer health reimbursement arrangements (HRAs) to reimburse employees’ individual health insurance policy premiums if certain conditions are met. Currently, many employers are prohibited from offering such HRAs. If finalized, the proposal would be effective for plan …

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IRS Releases Forms 1094 and 1095 for Early 2019 Reporting

October 1, 2018

Form Instructions Also Released The IRS has released the Forms 1094-C (PDF), 1095-C (PDF), 1094-B (PDF), and 1095-B (PDF) that employers will use in early 2019 to report on the group health insurance coverage they offered during the 2018 calendar year. Instructions on how to complete Forms 1094-C and 1095-C (PDF) and Forms 1094-B and …

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Hardship Exemptions from Individual Mandate Can Now Be Claimed on Tax Returns

September 13, 2018

Policy Effective for Tax Year 2018 The Centers for Medicare and Medicaid Services (CMS) has announced that individuals will be able to claim hardship exemptions from the Affordable Care Act’s individual mandate for tax year 2018 on their 2018 federal income tax return. Previously, individuals were only permitted to claim these exemptions on their federal …

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Short-Term Health Insurance Soon Available For Up To 36 Months

August 3, 2018

New Rule Loosens Current Restrictions Effective October 2, 2018, a new rule will allow individuals to purchase short-term, limited-duration health insurance coverage for a period of less than 12 months, and renew such coverage for up to 36 months. Under current law, the maximum coverage period for short-term, limited-duration health insurance is less than 3 …

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Understanding IRS ‘Pay or Play’ Penalty Letters

June 1, 2018

Employers Have Opportunity to Respond Before ‘Pay or Play’ Penalty Assessment The Internal Revenue Service (IRS) is currently issuing Letter 226-J to certain applicable large employers (ALE)—generally those with at least 50 full-time employees, including full-time equivalent employees, on average during the prior year—it believes owe a penalty for failing to comply with the Affordable …

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2019 ‘Pay or Play’ Affordability Percentage Set at 9.86%

May 21, 2018

Percentage Up from 2018 Under the employer shared responsibility (“pay or play”) provisions of the Affordable Care Act, applicable large employers—generally those who had 50 or more full-time employees (including full-time equivalent employees)—may be subject to a penalty if they do not offer affordable coverage that provides minimum value to their full-time employees and their …

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