Brown & Brown Benefit Advisors continually monitor and are well versed in the provisions that will affect your employee benefits program. We provide our clients with the necessary guidelines and requirements to comply with the law. Below are useful resources and references.
- Affordability Percentages Will Increase for 2019 (pdf)¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬† On May 21, 2018, the Internal Revenue Service (IRS) issued Revenue Procedure 2018-34 to index the contribution percentages in 2019 for purposes of determining affordability of an employer‚Äôs plan under the Affordable Care Act (ACA).
- HHS Extends Transition Policy for Non-ACA Compliant Health Plans (pdf)
On April 9, 2018, the Department of Health and Human Services (HHS) extended an existing transition policy for certain health plans that do not comply with the Affordable Care Act (ACA) for an additional year, to policy years beginning on or before Oct. 1, 2019.¬† In states that allow it, health insurance issuers have the option of renewing current policies for current enrollees without adopting all of the ACA’s market reforms that took effect in 2014.¬† Originally announced in 2013, the transition policy has already been extended several times.
- 2018 ACA Overview & Compliance Checklist (pdf)
The Affordable Care Act (ACA) has made many significant changes to group health plan since the law was enacted in 2010.¬† Certain changes to some ACA requirements take effect in 2018 for employers sponsoring group health plans, such as increased dollar limits.¬† To prepare for 2018, employers should review upcoming requirements and develop a compliance strategy.¬† This ACA overview provide an ACA compliance checklist for 2018.
- House and Senate Pass Tax Reform Bill¬†(pdf)
On Dec. 2, 2017, the tax reform bill, called the Tax Cuts and Jobs Act, passed both the U.S. Senate and the U.S. House of Representatives.¬†The bill is now expected to be signed into law by President Trump by the end of the day.
- IRS Issues Pay or Play Enforcement Guidance (pdf)
On Nov. 2, 2017, the IRS updated its Q&As on the ACA’s employer shared responsibility rules to include information on enforcement. These Q&As indicate that, for the 2015 calendar year, the IRS plans to begin issuing letters informing employers of their potential liability for an employer shared responsibility penalty, if any, in late 2017. They also provide guidance on penalty enforcement procedures.
- Health Care Reform:¬† Forecasting What‚Äôs Next for Employers
This legislative update webinar is provided by Mary Bauman of Miller Johnson for BBBA and their clients, and is for informational purposes only.¬† Topics covered include the status of Affordable Care Act (ACA) repeal & replace efforts, the Common Sense Reporting Act of 2017, related tax reform issues, the ‚ÄúCadillac‚ÄĚ Tax; Trump Administration work arounds and executive orders, enforcement of the ACA‚Äôs individual mandate and employer ‚Äúpay or play‚ÄĚ, and other agency regulatory actions.
- IRS Confirms ACA Mandate Penalties Still Effective (pdf)
The Internal Revenue Service (IRS) Office of Chief Counsel has recently issued several information letters regarding the Affordable Care Act’s (ACA) individual and employer mandate penalties.
- Future of Certain ACA Taxes and Fees (pdf)
While the future of the ACA as a whole is currently unclear, some definitive changes have been made to some ACA taxes and fees for 2017. This provides an overview of those changes and their impact on employers.
- Employer Shared Responsibility Provision (ESRP) Estimator (Website)
The Taxpayer Advocate Service developed the ESRP Estimator to help employers understand how the provision works and learn how the provision may apply to them. This tool helps determine whether an employer is an Applicable Large Employer and estimate the maximum amount of potential liability for the employer shared responsibility payment that could apply.
- Are You an Applicable Large Employer (pdf)
The IRS issued this publication (Publication 5208) on March 10, 2015, to help employers determine whether they are considered applicable large employers under the ACA’s employer shared responsibility provisions. Also, they provide a fact sheet on their website.
- Identifying Full-Time Employees: The Monthly Measurement Method (pdf)
Under the ACA, applicable large employers may be subject to a penalty if they do not offer health coverage to their full-time employees. This Legislative Brief provides an overview of the monthly measurement method for identifying full-time employees.