Final 2017 Instructions for Forms 1094 and 1095 Now Available

The IRS has released the final 2017 Instructions for Forms 1094-B, 1095-B, 1094-C, and 1095-C to help employers prepare for calendar year 2017 Affordable Care Act (ACA) information reporting. Employers will use the final versions of the forms and instructions in early 2018 to report on health coverage offered (or not offered) in the 2017… Continue reading Final 2017 Instructions for Forms 1094 and 1095 Now Available

NewExecutive Order Calls for Expanding Health Care Options in 3 Major Areas

President Trump has signed an executive order calling upon federal agencies to consider expanding health care options in 3 major areas to potentially increase competition and lower costs. Until further guidance is issued or legislation is signed, however, all current ACA requirements remain in effect, including penalties for noncompliance. The following are key highlights of the… Continue reading NewExecutive Order Calls for Expanding Health Care Options in 3 Major Areas

Administration Eliminates Cost-Sharing Reduction Payments

The Trump administration announced yesterday that it will no longer make cost-sharing reduction (CSR) payments to insurance companies under the Affordable Care Act (ACA). According to a statement issued by the U.S. Department of Health and Human Services (HHS), the agency’s decision to discontinue these payments immediately follows a legal review by HHS, the Department of Treasury, the Office… Continue reading Administration Eliminates Cost-Sharing Reduction Payments

IRS Releases 2018 Inflation Adjustments for Various Tax Benefits

The Internal Revenue Service (IRS) has announced a number of inflation-adjusted tax items for 2018, some of which remain unchanged. Among other items, the annual dollar limit on employee contributions to employer-sponsored health flexible spending arrangements (FSAs) increases to $2,650 (up from $2,600). Other Items of Interest Other inflation-adjusted items for tax year 2018 that may be of… Continue reading IRS Releases 2018 Inflation Adjustments for Various Tax Benefits