Congress Enacts 2-Year Delay of Cadillac Tax

On December 18, President Obama signed bipartisan legislation for a year-end spending and tax package. As part of the package, Congress enacted a two-year delay of the ACA Excise Tax (“Cadillac Plan Tax”) provision. As such, the tax now goes into effect after December...

New Guidance Tackles Various Employer Mandate Issues

IRS Notice 2015-87 provides further guidance on the application of various provisions of the Affordable Care Act (“ACA”) that affect applicable large employers (“ALEs”) under the Employer Penalty. Unless otherwise provided, the guidance in Notice 2015-87 applies for...

New Guidance Addresses Affordability and the Employer Penalty

As background, applicable large employers (“ALEs”) may be subject to the Employer Penalty if any full-time employee (“FTE”) receives a subsidy to purchase Exchange coverage. There are two penalties, “A” and “B.” The “B” Penalty can apply when the ALE offers at least...

Health Care Reform – New Guidance Issued on Employer Mandate

IRS Notice 2015-87 provides further guidance on the application of various provisions of the Affordable Care Act (“ACA”) that affect applicable large employers (“ALEs”) under the Employer Penalty. Unless otherwise provided, the guidance in Notice 2015-87 applies for...

Extension of Deadlines for Forms 1095-C and 1094-C

On December 28, 2015, the IRS issued Notice 2016-4 which provides an extension of the deadlines to provide Forms 1095-C to individuals and Forms 1095-C and 1094-C to the IRS and provides other related guidance. The following Q&As summarize the Notice.