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HORAN Health Benefits Compliance Blog

Keeping you up-to-date and on-track with health benefits compliance

Entries for 2015

ACA Employer Mandate Reporting Deadlines Extended

 December 28 2015     Shelly Hodges-Konys and David Anthony
The Internal Revenue Service (IRS) is keeping things interesting for employers, health coverage providers, and vendors by issuing a delay at what feels like the 11th hour. The IRS announced today that the due date for providing Forms 1095-B and 1095-C to individuals is extended from February 1st, 2016, to March 31st, 2016. The deadline for filing Forms 1094-B, 1095-B, 1094-C, and 1095-C to the IRS...

Health Insurance Provider Fee Delayed

 December 22 2015     Shelly Hodges-Konys and David Anthony
Last Friday, President Obama signed the new tax and spending bill that not only delayed the Cadillac tax, but also delayed the annual health insurance provider fee for one year starting in 2017. The annual health insurance provider fee is a provision within the Affordable Care Act (ACA) that requires health insurance carriers to pay an annual fee in proportion to the amount of net premiums they h...

Cadillac Tax Delayed

 December 21 2015     Shelly Hodges-Konys and David Anthony
On December 18, 2015, President Obama signed the new tax and spending bill into law, funding federal government spending until September 30, 2016, avoiding the possibility of a government shutdown. Contained within the spending bill is a two year delay to the Affordable Care Act’s Cadillac tax provision. The new effective date to the Cadillac tax provision will be 2020. The Cadillac tax, ori...

Late Payment of the Transitional Reinsurance Fee

 November 23 2015     David Anthony
Recently, the 2015 Transitional Reinsurance Fee had its annual requirement for self-funded plans to submit information on their annual enrollment and schedule a payment of the Transitional Reinsurance Fee no later than November 16, 2015. In 2014 the fee per covered life was $63 and in 2015 the fee is $44 per covered life. Self-funded plan sponsors are required to report covered lives and make a fe...

Auto Enrollment Provision in the ACA Repealed

 November 4 2015     Shelly Hodges-Konys
The Bipartisan Budget Act of 2015, signed by President Obama on November 2nd, repealed the auto-enrollment requirement contained in the Affordable Care Act (ACA). The ACA originally included a provision requiring employers with 200 or more employees to automatically enroll full-time employees into a health benefit plan. This provision in the law left many questions for employers includin...

Leaves of Absence under the Affordable Care Act

 October 27 2015     Shelly Hodges-Konys and David Anthony
As applicable large employers (those with 50 or more full-time equivalent employees) implement solutions to comply with reporting requirements under the Affordable Care Act, many employers are left wondering how to treat employees in the event they experience a leave of absence. How to handle employee leaves of absence depends on how you have chosen to determine an employee is full-time (mont...

PCORI Fee Update

 October 13 2015     Shelly Hodges-Konys
The Patient Centered Outcomes Research Institute (PCORI) Fee is part of the Affordable Care Act (ACA) and is imposed on health insurers and plan sponsors of self-insured health plans. For policy and plan years ending on or after October 1, 2015, and before October 1, 2016, the applicable fee is $2.17 per employee per year. This is an increase from the prior year fee of $2.08. The PCORI fee support...

PACE Act Update

 October 9 2015     Shelly Hodges-Konys and David Anthony
On October 7, 2015, President Obama signed the Protecting Affordable Coverage for Employees (PACE) Act. The PACE Act amends the definition of “small employer” under the Affordable Care Act (ACA) allowing states to continue to define a “small employer” as one with 50 or fewer employees for purposes of insurance rating. The new law gives states the option to expand the defin...