The IRS has extended the due dates for furnishing 2016 Forms 1095-B and 1095-C to covered individuals and full-time employees, respectively, from January 31, 2017, to March 2, 2017. In addition, the IRS is also extending good faith penalty relief to reporting entities who can show they made good faith efforts to comply with the calendar year 2016 information reporting requirements. However, the deadline to file 2016 Forms 1094-B, 1095-B, 1094-C, and 1095-C with the IRS was not extended, and remains February 28, 2017 (or March 31, 2017, if filing electronically). Source: HR360
Brian M. Kalish writes for Benefit News about the enormous penalities for which employers are on the line if they do not stay in compliance with the Affordable Care Act.
Amanda Eisenberg writes for Benefit News about the struggle employers are facing in attracting and retain employees with critical skills, high potential, and a top performance record.
Kristen Rasmussen recently wrote for Benefits Pro about what companies need to do to prepare for the possible repeal of, or dramatic changes to, the Affordable Care Act.
This article written by Cort Olsen for Benefits News discusses Met Life's 14th Annual U.S. Employee Benefit Trend Study, which examines benefits trends in the public sector.
Reed Abelson of The New York Times takes an alternate – and more positive – look at employee reactions to high deductible health plans (HDHPs).
Todd Renner writes for Mercer Signal about “a whole new ecosystem of health benefits” that support recruitment and retention of talented staff. High deductible health plans (HDHPs) and health savings accounts (HSAs) are noted as good options even for small businesses to consider.
In this article for MedCity News by Adam Schaefer, we look at the reality employers face when it comes to purchasing fully-funded group insurance (the standard group policy from an insurance carrier).
Loretta Metzger writes for Benefit News about the dramatic change in the healthcare benefits landscape in recent years. Costs are increasing exponentially, actual benefits are decreasing in quality, and employees are paying a greater share of premiums.