Attendees at the Monday meeting will include chief executives of some of the biggest U.S. health insurers, like UnitedHealth Group Inc., Aetna Inc., Cigna Corp., Independence Blue Cross and BlueCross BlueShield of North Carolina.
In early 2016, employers with 50 or more full-time equivalent employees are required to submit new tax forms to employees and the IRS for the 2015 plan year. (Note that in December 2015, deadlines for 1095 employee distribution and 1094 filings were extended.*) In the video, Don Garlitz, Senior Vice President, bswift, answers key compliance questions including: Should taxpayers receive Form 1095 if they are not covered? What effects do employer wellness programs have on reporting plan affordability to the IRS? And more.
*Learn more about these changes from U.S. News and World Report.
New details of the plan are beginning to emerge, which would do away with the ACA's requirement that all Americans have health coverage or pay a fine, and replace it with rules that let people choose not to buy insurance, instead paying higher premiums or penalties if they need it later.
While the business climate or customer needs are often the driving force in a restructuring or layoff, there are a number of other factors employers must consider when planning for the actual implementation of such a change, says attorney Felicia O'Connor.