Monthly Archives: June 2015

Health Coverage: New IRS Guidance on Forms 1094 and 1095

June 25th, 2015

The IRS has provided both new and updated Q&A guidance on the reporting requirements for applicable large employers under the federal tax code. As background, beginning in 2016,  applicable large employers must file Forms 1094 and 1095 to provide information to the IRS and plan participants about health coverage provided in the prior year. The...

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Form 5500 Filing Requirement for Employee Health and Welfare Benefit Plans

June 24th, 2015

Plans with more than 100 participants on the first day of the plan year must file Form 5500 with the Department of Labor (DOL) each year whether funded or unfunded. Funded plans must file regardless of the participant count. An unfunded plan is one in which benefits are paid solely from the general assets of...

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Supreme Court Rules against Employer in Religious Discrimination Case

June 24th, 2015

In a case decided on June 1, the U.S. Supreme Court ruled that even without direct knowledge of an applicant’s religious beliefs, an employer could be liable for discrimination for not accommodating those beliefs. Facts of the Case The case began when a 17-year-old applied for a job at an Abercrombie & Fitch store in...

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IRS issues draft ACA forms for reporting for 2015

June 18th, 2015

2015 Draft IRS Form 1095-A: Health Insurance Marketplace Statement (PDF) Internal Revenue Service [IRS] 6/17/2015 [Official Guidance] Draft version, dated June 16, 2015. 2015 Draft IRS Form 1095-B: Health Coverage (PDF) Internal Revenue Service [IRS] 6/17/2015 [Official Guidance] Draft version, dated June 16, 2015. 2015 Draft IRS Form 1095-C: Employer-Provided Health Insurance Offer and Coverage (PDF) Internal...

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