The IRS recently issued final versions of the new Forms 1094-B, 1095-B, 1094-C and 1095-C, along with related final Instructions. These forms are for reporting of coverage in 2014, but are expected to be similar for reporting for 2015.
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Self-Insured Health Plans
ACA UPDATE: IRS Issues Draft Forms And Instructions For Employer Coverage Reporting
The IRS recently issued draft versions of the new Forms 1094-B, 1094-C, 1095-B and 1095-C (the “Forms”) along with related draft Instructions.
Continue Reading ACA UPDATE: IRS Issues Draft Forms And Instructions For Employer Coverage Reporting
ACA Update: Self-Insured Health Plans Required To Obtain Health Plan Identifier
The Affordable Care Act required the Department of Health and Human Services (HHS) to establish a national health plan identifier (HPID) program under the HIPAA standard transactions rules. The resulting HHS rules generally require all HIPAA-covered entities, including self-insured plans with more than $5 million in annual claims, to obtain a HPID by November 5, 2014. Small self-insured health plans (i.e., those with annual claims of $5 million or less) will be required to obtain a HPID by November 5, 2015.
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Continue Reading ACA Update: Self-Insured Health Plans Required To Obtain Health Plan Identifier