Tag Archives: Affordable Care Act

IRS Releases Final Reporting Forms and Instructions

The IRS has released final forms and instructions for the ACA employer reporting requirement. Applicable large employers (ALEs, generally those with 50 or more FTEs), and small employers with self-funded group health plans, are required to report certain plan information to the IRS and to provide statements to employees, beginning

NEDA and Haylor, Freyer & Coon, Health Insurance Partners

Northeast Equipment Dealers Association Inc. (HF&C) chooses Haylor, Freyer & Coon to also partner for Health Insurance coverage to NEDA Dealer Members in the Northeast. HF&C is leading consultant in the design and implementation of Employee Benefit Programs for companies in the Northeast and is licensed to do business in

Affordable Care Act Reporting of Health Coverage

Basics of Employer Reporting 1. What are the information reporting requirements for employers relating to offers of health insurance coverage under employer-sponsored plans? The ACA added Code Section 6056, which requires ALEs to file information returns with the IRS and provide statements to their full-time employees about the health insurance coverage the

IRS Revises ACA Affordability Percentage

On July 24, 2014, the Internal Revenue Service (IRS) released the Affordable Care Act (ACA)’s employer health plan affordability contribution percentage for 2015 in Revenue Procedure 2014-37. The affordability of an employer’s plan is assessed in three situations: the shared responsibility penalty for applicable large employers, the individual mandate and the premium

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