Employee Benefits Blog

Trumping the Affordable Care Act? Not So Fast – Impact of Executive Order on Employers Unclear

On January 20, 2017, President Trump signed an Executive Order (“Minimizing the Economic Burden of the Patient Protection and Affordable Care Act Pending Repeal,” hereinafter referred to as the “Order”) relating to the future of the Affordable Care Act (“ACA”).  The stated goal is to direct the agencies (IRS, HHS, and DOL) to waive or […]

February 7, 2017 | 2 min read | Tagged: ACA, defer, DOL, eo, Executive order, HHS, IRS, Obamacare, PPACA, Section 6055, Section 6056, Trump

KP

Kerry E. Parker Former Associate

New Draft Instructions Released for ACA Information Reporting

As explained in my previous blog, Code Sections 6055 and 6056, added by the Affordable Care Act (“ACA”), require all employers (even small employers) sponsoring self-funded health plans and large employers to file information returns with the IRS and furnish statements to employees concerning the health coverage offered or provided to these employees and their […]

September 14, 2015 | 3 min read | Tagged: 30-day extension, ACA, Affordable Care Act, draft instructions, Form 8809, information reporting, IRS, Section 6055, Section 6056

NW

Nick J. Welle Former Associate

ACA Information Reporting Penalties Have Been Increased

Code Sections 6055 and 6056 require large employers and all employers (even small employers) sponsoring self-funded health plans to file information returns with the IRS and furnish statements to applicable employees concerning the health coverage offered or provided to these employees and their dependents.  This information reporting begins in 2016 with respect to 2015 coverage.  […]

August 3, 2015 | 2 min read | Tagged: Affordable Care Act, heatlth care reform, large employer penalties, large employer reporting, penalty increase, Section 6055, Section 6056, self-funded health plans, TPEA

NW

Nick J. Welle Former Associate