Category: Client Alerts

Medicare D Creditable Coverage Notice

Many employers remain unaware that under Medicare Part D regulations, entities offering prescription drug coverage to Medicare Part D eligible employees and retirees must disclose annually to individuals whether their health plan has creditable or non-creditable prescription coverage.

Reporting Extensions Announced

On Monday, the IRS announced an extension to the due dates for 1094 and 1095 forms: The deadline to provide employees with 1095-B & 1095-C Forms has been extended from January 31, 2016 to March 31, 2016. The deadline to file paper 1094-B, 1094-C, 1095-B & 1095-C forms has been extended from February 29, 2016 […]

PCORI Fees Due by July 31st

What is PCORI? The Patient Centered Outcomes Research Institute (PCORI) is an organization established by the Patient Protection and Affordable Care Act (PPACA) aimed at giving patients a better understanding of the prevention, treatment, and care options available, and the science that supports those options. The final rule issued by the IRS, applies to both […]

Massachusetts Voters Pass Mandatory Sick Time Law Effective July 1, 2015

Voters in Massachusetts, Trenton and Montclair, New Jersey, and Oakland, California approved ballot initiatives requiring employers within each jurisdiction to provide sick leave to their employees. For Massachusetts employers with 11 or more employees, sick time must be paid; for employers with 10 or fewer employees, the sick time may be unpaid. This new sick […]

Medicare Part D – Creditable Coverage Annual Notice to Eligible Individuals

Many employers remain unaware that under Medicare Part D regulations, entities offering prescription drug coverage to Medicare Part D eligible employees and retirees must disclose annually to individuals whether their health plan has creditable or non-creditable prescription coverage. This requirement stems from the fact that Medicare eligible individuals who are not covered by creditable prescription […]

2015 Pay or Play Calculators & Timeline for Compliance

Certain employers must comply with the Affordable Care Act’s Employer Shared Responsibility provisions (also known as “Pay or Play”) in less than 6 months. HR360’s attorney-reviewed, downloadable Pay or Play Toolkit and Calculators can help prepare those subject to the law.   Three Calculators Available The Large Employer Status Calculator can be used to calculate […]

IRS Releases Draft Forms for New ACA Information Reporting Requirements

The Internal Revenue Service (IRS) recently released draft forms to help employers prepare for the new information reporting provisions under the Affordable Care Act. Because of transition relief provided for 2014, reporting entities will not be subject to penalties if they first report beginning in 2016 for 2015.   ACA Information Reporting The Affordable Care […]