Medicare Part D - CMS Notification Reminder

Employers sponsoring a group health plan need to report information on the creditable status of the plan’s prescription drug coverage to the Centers for Medicare and Medicaid Services (CMS).

DOL Penalties Increase for 2018

In 2015, Congress passed the Federal Civil Penalties Inflation Adjustment Act of 2015 (the "Inflation Adjustment Act") to direct federal agencies to adjust the civil monetary penalties for inflation every year. Civil penalties ensure compliance with federal regulation by incentivizing employers not to violate federal regulation and providing federal agencies the power to ensure compliance.

Short-Term Spending Bill Delays Cadillac Plan Tax and Extends CHIP

On January 22, 2018, Congress approved a short-term spending bill (the “Bill”) that will fund the government until February 8, 2018. The Bill was signed into law the same day. During its annual appropriation exercise, Congress provides funding for the agencies and programs it has authorized.

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.

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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

If you are responsible for procuring employee benefits for your company, we invite you to learn more about our firm, consultative services, and the resources we deploy to ensure your success.

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Individuals

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.

Learn more about how to partner with MBA.