Republican leaders released their much-awaited healthcare bill Thursday morning after months of closed-door meetings, but it’s not yet clear if they will have the votes to pass it as soon as next week.
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.
Companies across the nation have been switching to high deductible health plans (HDHPs) to offset rising premium costs. Get access to an interactive infographic that includes the latest facts about HDHPs and out-of-pocket costs.