Tuesday, September 14, 2021
2:00 p.m. Eastern
The Affordable Care Act requires that applicable large employers (ALEs) provide minimum essential coverage to eligible employees, which is enforced by the IRS based on information reported in IRS Forms 1094 and 1095. In response to Form filings, the IRS may issue Letter 226J, which is an initial penalty letter assessing liability for the Employer Shared Responsibility Payment (ESRP).
Read MoreTopics: Compliance Issues, Affordable Care Act, Employee Benefits, Learning Events
On July 1, 2021, the U.S. Departments of Health and Human Services, Labor, and Treasury, along with the Office of Personnel Management (collectively, the Departments), issued an interim final rule (IFR) to explain provisions of the No Surprises Act (the Act) that passed as part of sweeping COVID-19 relief legislation signed in December 2020.
Read MoreTopics: Compliance Issues, Affordable Care Act, Employee Benefits, COVID-19
June 2021 was not a busy month in the benefits industry, largely due to the summer vacation season and the Independence Day holiday. Importantly, however, the U.S. Supreme Court upheld the constitutionality of the Patient Protection and Affordable Care Act (ACA).
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Topics: Compliance Issues, Affordable Care Act, Employee Benefits, Compliance Recap
On June 17, 2021, the U.S. Supreme Court upheld the constitutionality of the Patient Protection and Affordable Care Act (ACA) by a 7-to-2 vote. The Court heard oral arguments in the case, California v. Texas, on November 10, 2020, which was a consolidation of 20 cases filed by state attorneys general and governors.
Read MoreTopics: Compliance Issues, Affordable Care Act, Employee Benefits
The Patient-Centered Outcomes Research Institute (PCORI) fee initially applied from 2012 to 2019. However, in December 2019, the Further Consolidated Appropriations Act, 2020 extended the fee to 2029.
Read MoreTopics: Compliance Issues, Affordable Care Act, Employee Benefits
The Patient-Centered Outcomes Research Institute (PCORI) fee deadline is around the corner. In
Notice 2020-84, the IRS adjusted the applicable dollar amount to be multiplied by the average number of covered lives for purposes of calculating the fee for policy years and plan years that end on or after October 1, 2020, and before October 1, 2021.
Topics: Compliance Issues, Affordable Care Act, Employee Benefits
3/24/2021 Update: CMS has extended the new special enrollment period for marketplaces using the Heathcare.gov platform until August 15, 2021. See the updated CMS FAQs for more information.
Read MoreTopics: Compliance Issues, Affordable Care Act, Employee Benefits, COVID-19
On March 11, 2021, President Biden signed the American Rescue Plan Act of 2021 (Act). The Act is a $1.9 trillion legislative package, which contains several provisions intended to relieve employers and families from some of the economic burdens associated with COVID-19.
Read MoreTopics: Compliance Issues, Affordable Care Act, Employee Benefits, COVID-19
February was a relatively busy month in the employee benefits world. The Department of Labor (DOL) issued EBSA Disaster Relief Notice 2021-01 regarding the end of the COVID-19 outbreak period.
Read MoreTopics: Compliance Issues, Affordable Care Act, Employee Benefits, COVID-19
On December 27, 2020, former President Trump signed the Consolidated Appropriations Act, 2021 (Appropriations Act). The Appropriations Act amends Title XXVII of the Public Health Service Act (PHSA), Part 7 of Title I of the Employee Retirement Income Security Act of 1974 (ERISA), and Chapter 100 of the Internal Revenue Code of 1986 (IRC).
Read MoreTopics: Compliance Issues, Affordable Care Act, Employee Benefits