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Feb 29 Deadline to Report 2015 HIPAA Breaches

By   /  February 9, 2016  /  HIPAA  /  No Comments

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Employer group health plans that had a breach of unsecured protected health information (PHI) involving fewer than 500 individuals must report such breaches to the Secretary of Health and Human Resources (HHS) annually within 60 days following the end of the year. This means that HIPAA breaches discovered in 2015 must be reported no later than February 29, 2016.

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1095-C/1094-C: Important Info for Employers who will File Their Own Electronically

By   /  January 20, 2016  /  Health Care Reform  /  No Comments

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This article contains information you need to know if: You were an applicable large employer” (ALE) in 2015 (i.e., you had on average at least 50 full-time employees or full-time equivalents in 2014), and You plan to file your own 1094C/1095Cs electronically, rather than hire a third-party transmitter to file on your behalf. If you […]

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IRS Notice 2015-87: Important Guidance on Various ACA Provisions

By   /  January 14, 2016  /  Employer Mandate, Health Care Reform, HRAs & HSAs, Insurance Market Reforms, Large Employers, Taxes, Fees & Penalties  /  No Comments

notice-letter

On Dec. 16, 2015 the IRS issued Notice 2015-87, which provides lengthy and complex guidance on how various provisions of the Affordable Care Act (ACA) apply to employer-provided health coverage.

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W-2 Reporting on the Cost of Employer-Sponsored Health Coverage

By   /  January 7, 2016  /  Health Care Reform, Reporting Requirements  /  No Comments

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This is Leavitt’s annual update of the PPACA requirement that “large” employers must report the total cost of employer-sponsored group health coverage on employees’ W-2s. The matrix details which expenses must be reported, which are optional, and which are not reported. There are no changes to the law or regulations since last year. W-2 forms are due by February 1, 2016, since January 31 is a Sunday.

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Preparing for the Cadillac Tax

By   /  January 5, 2016  /  Health Care Reform, Taxes, Fees & Penalties  /  No Comments

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This article was updated December 31, 2015, to reflect the 2-year delay in the effective date of the Cadillac tax, per the Omnibus Act, 2016.  See our Dec. 21 article at https://news.leavitt.com/health-care-reform/cadillac-tax-delayed-to-2020/ . Overview of the Cadillac Tax Beginning in 2020, if the total cost of “applicable employer-sponsored coverage” provided to an employee exceeds a […]

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2016 Q1 DEADLINES and REMINDERS for Group Health Plans: Updated!

By   /  December 31, 2015  /  Exchanges, Health Care Reform, Marketplaces, Notices & Disclosures (Sample forms), Reporting Requirements, Timeline  /  No Comments

calendar-alert

This is Leavitt’s Quarterly Update of Deadlines and Reminders in the upcoming quarter. This is for first quarter of 2016.

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IRS Health Care Tax Tip 2015-85: Eight Facts for ALEs on Info Reporting

By   /  December 30, 2015  /  Health Care Reform, Reporting Requirements  /  No Comments

tax-credit

IRS Health Care Tax Tip 2015-85: Eight Facts for ALEs on Info Reporting

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IRS Delays Information Reporting Deadlines

By   /  December 28, 2015  /  Health Care Reform, Large Employers, Reporting Requirements  /  No Comments

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On December 28, 2015, the IRS issued Notice 2016-4 which extends the deadlines a few months for Information Reporting.

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Cadillac Tax Delayed to 2020

By   /  December 21, 2015  /  Health Care Reform, Taxes, Fees & Penalties  /  No Comments

delayed

On Friday, December 18th Congress voted to delay the Cadillac tax until 2020. The provision is one small part of the $1.1 trillion Consolidated Appropriations Act of 2016. The President is expected to sign the bill this week.

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2016 Dollar Amounts and Cost of Living Adjustments

By   /  November 24, 2015  /  Health Care Reform  /  No Comments

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The IRS and Social Security Administration each year announce the cost-of-living adjustments affecting tax and employee benefits dollar amounts for the upcoming calendar year. Some highlights for 2016 (& 2015) are listed below. Many of the 2016 numbers remain unchanged from 2015.

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