Pay or Play Affordability Percentage Decreased for 2023
On Aug. 1, 2022, the IRS issued Revenue Procedure (Rev. Proc.) 2022-34 to index the contribution percentages in 2023 for determining the [...]
Draft Forms for 2022 ACA Reporting Released
The Internal Revenue Service (IRS) released draft 2022 forms for reporting under Internal Revenue Code (Code) Sections 6055 and 6056. Draft instructions [...]
Affordability Percentages Will Decrease for 2022
On Aug. 30, 2021, the IRS issued Revenue Procedure 2021-36 to index the contribution percentages in 2022 for determining affordability of an [...]
Overview of Grandfathered Plans
Overview of Grandfathered Plans The Affordable Care Act (ACA) contains many provisions that affect employer-sponsored health coverage. The extent of the ACA’s [...]
Stimulus Bill Includes Ban on Surprise Medical Bills
On Dec. 27, 2020, President Trump signed the Consolidated Appropriations Act, 2021 into law. The Act includes a $900 billion coronavirus relief [...]
IRS Issues Final Rule on Pay or Play and Nondiscrimination Rules for ICHRAs
Since 2020, employers have been able to offer individual coverage HRAs (ICHRAs) to help employees pay for individual health insurance. ICHRAs were [...]