Congress Passes Tax Reform Bill

On December 20, 2017, the House and Senate sent President Trump the Tax Cuts and Jobs Act for signature. The House of Representatives passed their version of the bill on November 16, 2017 while the Senate passed their version on December 2, 2017.

Extension of Deadline for 2017 Forms 1095-C

On December 22, 2017, the IRS issued Notice 2018-06, which provides a limited extension of time for employers to provide 2017 Forms 1095-C to individuals. It also extends good-faith transition relief from certain penalties for the 2017 reporting year. The deadline to provide Forms 1094-C and 1095-C to the IRS was not extended.

Received Letter 226J – Now What?

The IRS issued Letter 226J to certain Applicable Large Employers ("ALEs"). This letter describes the proposed Employer Shared Responsibility Payment ("ESRP") owed for calendar year 2015.

Guidance Issued on QSEHRAs

The IRS recently issued Notice 2017-67 which provides guidance related to the administration of Qualified Small Employer Health Reimbursement Arrangements (QSEHRAs).

IRS FAQs on 2015 Employer Penalty Payments

Recently, the Internal Revenue Service ("IRS") issued additional FAQs regarding the Employer Shared Responsibility Payment (an assessment under the employer mandate).

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Health Reform Calculators

Health Reform Calculators

We have prepared two distinct tools to enable you to quickly assess whether you are eligible for a tax credit as a small employer under the ACA, and whether you have exposure to the penalties associated with the employer mandate.

Tax Calculator & Risk Assessment

 

Employers

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If you are an individual seeking health insurance or your employer works with MBA, continue to our individual section for information on the resources available to you and your family.

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Partnership

If you are a health insurance broker or business-to-business professional services firm, we invite you to learn how you can include the MBA value proposition in your offering to your clients.

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