Over the last several years, there have been a lot of changes to the employee benefits industry due to the Affordable Care Act (ACA). Due to ACA, there are several new and important rules for employers to be aware of. Some of these changes only affect certain segments of employers, while other changes affect all employers. It is vital to know what impact the ACA has had on your group. BW Employee Benefits can help. We offer a variety of resources to keep you in compliance, no matter what size your group might be.
We provide you with tools to manage the Health Care Reform changes…
Although many key reforms under the Affordable Care Act (ACA) became effective in 2014 and 2015, additional reforms will become effective in 2016 for employers sponsoring group health plans. To prepare for 2016, employers should review the following legislative brief for upcoming requirements and develop a compliance strategy.
The ACA created new reporting requirements under Code Sections 6055 and 6056, which take effect for 2015. Under these new reporting rules, certain employers must provide information to the IRS about the health coverage they offer to their employees. Employers will use Forms 1094-B & 1095-B for Section 6055 reporting, and Forms 1094-C & 1095-C for Section 6056 reporting.
The Affordable Care Act (ACA) calls for the creation of health insurance Exchanges in each state. This Legislative Brief provides a high-level overview of the Exchanges, including states’ options for their Exchanges and the role of entities typically involved with the insurance placement process (such as brokers and agents) under the Exchanges. It also discusses the emergence of private