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.
- 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.
- House Republicans Pass Amended AHCA (pdf)
On May 4, 2017, members of the U.S. House of Representatives voted along party lines to pass an amended version of the American Health Care Act – proposed legislation to repeal and replace the ACA. The AHCA will now move on to be considered by the Senate. This provides an overview of the proposed legislation and its potential impact going forward.
- 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.
- Trump Signs Executive Order on the ACA (pdf)
On Jan. 20, 2017, President Donald Trump signed an executive order addressing the Affordable Care Act (ACA), as his first act as president. The order states that it is intended to “to minimize the unwarranted economic and regulatory burdens” of the ACA until the law can be repealed and eventually replaced.
- Post-Election ACA Round-Up (pdf)
If you were unable to attend our client webinar on Nov. 17, 2016, attached is the presentation outlining an update on ACA and potential changes due to the recent election, or you can select this link and register to view the replay of the webinar.
- 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.
- 2017 Compliance Checklist (pdf)
Although many key reforms under the Affordable Care Act (ACA) became effective in 2014 and 2015, additional reforms are effective in 2017. To prepare, employers should review upcoming requirements and develop a compliance strategy.
- 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.