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.
As a group, Millennials tend to do less preventative medical care than only population segments. Help your clients get them engaged with a vision plan, which offers screenings that can help with early detection of chronic disease as well as choices for options like fashion eyewear.
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.