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.
Continue Reading ACA UPDATE: IRS Issues Final Forms And Instructions For Employer Coverage Reporting
Self-Insured Health Plans
ACA UPDATE: IRS Issues Draft Forms And Instructions For Employer Coverage Reporting
By Hunton Andrews Kurth LLP on
Posted in Employee Benefits
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
Posted on
Posted in Employee Benefits
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