October 24, 2022
The guide includes information on the final 2022 Forms 1094-C and 1095-Cs, and information about the draft 2022 instructions. The final instructions have not been posted; however, once they are finalized the link in the attached will automatically direct readers to the 2022 instructions. Below you will find a link to a PDF version of our ACA Reporting Guide for 2022, which reflects the draft forms, instructions and extensions recently released by the IRS. The guide includes advice for employers that receive penalty or late filing letters from the IRS.
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September 8, 2023
Tenth Circuit Court of Appeals Hands Down a Big Win for ERISA Preemption After several failed attempts by pharmacy benefit managers (“PBM”) to challenge state laws regulating PBMs, the 10th Circuit Court of Appeals (in Pharmaceutical Care Management Association v. Mulready) handed down a big win for PBMs and, by extension, self-funded ERISA plans, when […]
August 28, 2023
IRS Issues Affordability Percentage Adjustment for 2024 The Internal Revenue Service (IRS) has released Rev. Proc. 2023-29, which contains the inflation adjusted amounts for 2024 used to determine whether employer-sponsored coverage is “affordable” for purposes of the Affordable Care Act’s (ACA) employer shared responsibility provisions and premium tax credit program. As shown in the table […]