As health care costs rise, improving the value of health benefits spending remains high on the agendas of most major corporations. In this video, Laurel Pickering, President and CEO of the Northeast Business Group on Health, discusses three things employers are doing to reduce costs and improve quality.
In early 2016, employers with 50 or more full-time equivalent employees are required to submit new tax forms to employees and the IRS for the 2015 plan year. (Note that in December 2015, deadlines for 1095 employee distribution and 1094 filings were extended.*) In the video, Don Garlitz, Senior Vice President, bswift, answers key compliance questions including: Should taxpayers receive Form 1095 if they are not covered? What effects do employer wellness programs have on reporting plan affordability to the IRS? And more.
*Learn more about these changes from U.S. News and World Report.