extension Archives

Compliance Recap // February 2017

March 13, 2017

6055/6056 Reporting, CMS, Compliance Alert, Employee Benefits, Employer Mandate, Health Savings Account, HHS

February had relatively little activity in the employee benefits world because a new Secretary of the Department of Health and Humans (HHS) was recently confirmed and HHS started its rulemaking under the new administration. On February 10, 2017, the U.S. Senate confirmed Rep. Tom Price as the new Secretary of HHS, who has a budget […]

IRS Provides Major Delay in 6055 and 6056 Reporting

December 29, 2015

6055/6056 Reporting, Affordable Care Act (PPACA), Compliance Alert, Employer Mandate, IRS

Under the Patient Protection and Affordable Care Act (ACA), individuals are required to have health insurance, while applicable large employers (ALEs) are required to offer health benefits to their full-time employees. In order for the Internal Revenue Service (IRS) to verify that (1) individuals have the required minimum essential coverage, (2) individuals who request premium […]