On May 4, 2017, the House of Representatives narrowly passed the American Health Care Act (AHCA) by a vote of 217 to 213. This was a big step for House Republicans in fulfilling President Trump’s campaign promise to repeal the Affordable Care Act (ACA). The bill must also pass in the Senate for it to […]
Read More...With the release of IRS Notice 2016-64, issued on Nov. 4, 2016, the IRS provided that the PCORI fee (Patient-Centered Outcomes Research Institute fee) also called the CERF fee (Comparative Effectiveness Research Fee) for plan years ending on or after Oct. 1, 2016, and before Oct. 1, 2017, including 2016 calendar year plans, is $2.26 […]
Read More...It’s been over a week since the election results came in and since then, you have likely been inundated with emails, seen many television interviews, and heard other news sources espousing predictions of what is on the horizon for employee benefit plans, and specifically, the future of the Affordable Care Act (“ACA”). Indeed, the Trump […]
Read More...On November 18, 2016, the IRS released Notice 2016-70 to extend the due date for employers to furnish Form 1095-C or 1095-B under the Affordable Care Act’s employer reporting requirement. Employers will have an extra 30 days to prepare and distribute the 2016 form to individuals. The due dates for filing forms with the IRS […]
Read More...Deadline is Tuesday, November 15, 2016: Your self-funded health plan must submit your enrollment count and schedule your payments for the 2016 plan year. What is it? The Reinsurance Assessment is a fee applicable to insured and self-funded major medical plans for calendar years 2014 through 2016. It will primarily be used to help cover […]
Read More...Join AP Benefit Advisors’ Director of Voluntary Benefits, Stephen Ivey, for a complimentary, 1-hour, SHRM* pre-approved webinar as he reviews the Affordable Care Act (ACA) and its influence on voluntary benefits. Discussion will comprise of changes in the market as a result of PPACA and the best practices for implementing voluntary plans in the post-ACA […]
Read More...While the President’s signature achievement, his healthcare reform effort “PPACA,” now known as both Obamacare and the Affordable Care Act, hasn’t been a big hit amongst health insurers and some politicians, others still cite it as a “triumph” – a triumph that brought coverage to 20 million people that lacked it previously. As the last […]
Read More...In today’s Federal Register the Departments released their Notice of Proposed Forms Revisions to the Form 5500 Annual Return/Report Series. The Departments, for purposes of this notice are the DOL (Department of Labor), the IRS (Internal Revenue Service), and the PBGC (the Pension Benefit Guaranty Corporation). This new guidance affects retirement plans, health plans, and […]
Read More...Please see our Compliance Alert about the need to timely appeal subsidy notices. If your employees incorrectly tell a federal or state exchange that you didn’t offer them coverage, or that your coverage wasn’t creditable or wasn’t affordable, then there’s a good chance that you will face a fine. You need to appeal these subsidy […]
Read More...If you want to see 10 pages of health reform in a 1 page timeline (well, 1 page for Employer and 1 page for Employees) then please visit our website (www.apbenefitadvisors.com/news). But, if you are looking for details specific to just a certain year or plan, then you can’t do better than this implementation timeline […]
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