Health Reform Update: Bringing clarity where there is confusion

Gov.Regulations

  • March 1, 2013 Employer Exchange Notice Requirement PostponedThe Affordable Care Act (ACA) requires applicable employers to provide each employee at the time of hiring (or with respect to current employees, not later than March 1, 2013), a written notice of coverage options through the Exchange.This deadline has been postponed until late summer or fall 2013; closer to the start of the open enrollment period for the Exchange.  Be Well Insurance Solutions will continue to monitor this requirement closely and will notify you (via our Blog posts) when the Department of Labor provides a model notice.
  • W-2 Reporting of Health Care Cost Does NOT Apply to Firms Issuing Less Than 250 W-2s Until Further Notice from IRSIRS transitional relief requires only employers issuing 250 or more W-2s for the previous tax year to report the cost of employer-provided health care coverage in box 12 of employee W-2s.   Employers issuing less than 250 W-2s for the previous tax year do not have to comply with this requirement at the present time.  Any IRS guidance that expands this reporting requirement to groups issuing under 250 W-2s would apply only to calendar years that start at least six months after the IRS issues new guidance.

For more up to date information on Healthcare Reform, and the changes and regulations facing you today and in the future, Follow us here:

 twitterLink

Advertisements

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s