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Federal money running out for uninsured COVID patients

BENEFITSCAPE Offers Additional Services to Ceridian Users

BENEFITSCAPE is a certified Ceridian Dayforce Partner. This status reflects the value BenefitScape brings to ACA reporting and compliance for thousands of employers across all HCM platforms. And for Ceridian Dayforce users, it means BenefitScape can provide additional services too. “We understand the Ceridian system, we know healthcare, and we make it work.” Kim Phillips

BENEFITSCAPE Offers Additional Services to Ceridian Users Read More »

IRS Releases RP 2020-36 with Affordability Updates

IRS Hearing on the “Family Glitch” SCHEDULED for June 27, 2022

Earlier this spring, the IRS issued a proposed rule that would change the eligibility standards for an Affordable Care Act (ACA) premium tax credit (PTC) based on the affordability of health plan coverage for family members of employees who are offered coverage by their employers. The proposed rule is designed to provide greater access to

IRS Hearing on the “Family Glitch” SCHEDULED for June 27, 2022 Read More »

BenefitScape® has been recertified as a Women-Owned Enterprise (WBE) by the Women's Business Enterprise National Council (WBENC)

BenefitScape® has been recertified as a Women-Owned Enterprise (WBE) by the Women’s Business Enterprise National Council (WBENC)

Natick, MA, May 17, 2022 —BenefitScape, a women-owned leader in Affordable Care Act (ACA) compliance, today announced it has been recertified as a Women-Owned Enterprise (WBE) by the Women’s Business Enterprise National Council (WBENC). The certification is awarded to companies that are more than 51 percent owned, controlled, operated, and managed by a woman or

BenefitScape® has been recertified as a Women-Owned Enterprise (WBE) by the Women’s Business Enterprise National Council (WBENC) Read More »

IRS Issues Extension for Furnishing Forms 1095-B/C and Eliminates Transitional Good Faith Relief for Tax Year (TY) 2021

IRS Issues Extension for Furnishing Forms 1095-B/C and Eliminates Transitional Good Faith Relief for Tax Year (TY) 2021

The IRS has issued REG-109128-21, which: — Extends the due date to March 2, 2022, for the TY2021 IRS Form 1095-B/C to be sent to employees (was previously January 31, 2022). — Confirms that the due date for filing the 1095 Forms with the IRS remains the same: ○ February 28, 2022 (if filing paper

IRS Issues Extension for Furnishing Forms 1095-B/C and Eliminates Transitional Good Faith Relief for Tax Year (TY) 2021 Read More »

Health Plan Surcharges Affect ACA Affordability and IRS Code Determination

Health Plan Surcharges Affect ACA Affordability and IRS Code Determination

More employers are considering imposing a premium surcharge on employees participating in the company's health plan who are not vaccinated for COVID-19. Whether set as rewards or penalties, wellness program incentives have become popular for encouraging behaviors believed to be healthy and reducing health plan costs. For many years, tobacco users have faced health plan

Health Plan Surcharges Affect ACA Affordability and IRS Code Determination Read More »

IRS moves to eliminate Paper filing for ACA Form 1095 effective March 31

IRS moves to eliminate Paper filing for ACA Form 1095 effective March 31, 2022

The IRS has proposed regulations requiring a digital only electronic filing requirement for ACA Compliance, in effect replacing paper filing options for most Applicable Large Employers (ALE’s). Previously ALE’s with fewer that 250 forms could file with paper. The new regulations (if adopted) require employers to aggregate all forms they file to the IRS, (W2, 1099

IRS moves to eliminate Paper filing for ACA Form 1095 effective March 31, 2022 Read More »

How to complete State Healthcare Mandate filing requirements using ORACLE generated files for CA

How to complete State Healthcare Mandate filing requirements using ORACLE generated files for CA, NJ, RI and DC.

 Problem Statement: In addition to IRS filing to IRSAIR, organizations also must file with CA,NJ, RI and DC, if they have employees in these states. Each state has different requirements for file processing, obtaining credentials, error correction etc. Understanding and implementing these requirements can be time consuming and error prone.  The Solution: ORACLE has a

How to complete State Healthcare Mandate filing requirements using ORACLE generated files for CA, NJ, RI and DC. Read More »

Rhode Island Joins the States Requiring Healthcare Mandate Reporting

Rhode Island Joins the States Requiring Healthcare Mandate Reporting

Who is subject to this reporting requirement? An employer or other sponsor of an employment-based health plan that offers employment-based minimum essential coverage to any resident of Rhode Island. So essentially any company that provides healthcare coverage through Rhode Island residents will be required to file. The good news is that the state is being very flexible

Rhode Island Joins the States Requiring Healthcare Mandate Reporting Read More »

IRS Issues Extension for Furnishing Forms 1095-B/C and Eliminates Transitional Good Faith Relief for Tax Year (TY) 2021

IRS Issues Extension For Furnishing Forms 1095-B/C and Reinforces Good Faith Transition Relief for a Final Time

The IRS has issued Notice 2020-76 extending the due date for the 2020 1095-B and 1095-C forms to be sent to employees from January 31, 2021 until March 2, 2021. However, the Notice also confirms that the due date for filing those same 1095 Forms with the IRS remains the same: February 28, 2021 if filing paper

IRS Issues Extension For Furnishing Forms 1095-B/C and Reinforces Good Faith Transition Relief for a Final Time Read More »

Let's Review the Recent ICHRA Updates on Forms 1095 & 1094

Let’s Review the Recent ICHRA Updates on Forms 1095 & 1094

We've previously blogged about the updated Forms 1094-B/C and 1095-B/C for TY2020, and now we're pleased to share some further insight into some of the changes made on this years' forms, specifically surrounding Individual Coverage Health Reimbursement Arrangement (ICHRA) compliance. There are several big changes: New data fields on Form 1095-C to include an individual’s zip code

Let’s Review the Recent ICHRA Updates on Forms 1095 & 1094 Read More »

ACA Considerations for Mass Hiring during COVID-19

ACA Considerations for Mass Hiring during COVID-19

COVID-19 has caused a great deal of uncertainty and confusion across many sectors as the situation continues to evolve and introduce new challenges. Given the unprecedented nature of the current situation, there is no playbook for risk and compliance management. BenefitScape is prepared to assist your organization with navigating this situation to ensure complete ACA Compliance

ACA Considerations for Mass Hiring during COVID-19 Read More »

ESRP Notices are Coming! Let's Get You Prepared

ESRP Notices are Coming! Let’s Get You Prepared

The IRS has recently posted an announcement on their website, saying all mailing and correspondence including responding to Employer Shared Responsibilty Payment (ESRP) was postponed until after July 15th, 2020. Translation: BenefitScape recommends that Employers should begin to gear up for IRS ACA Penalty Notices.  Who is affected?  Under the ACA Employer Mandate, Applicable Large Employers (ALEs) must

ESRP Notices are Coming! Let’s Get You Prepared Read More »

State Mandate eFiling Services

State Mandate eFiling Services

Currently, Massachusetts, California, the District of Columbia, New Jersey, Rhode Island, and Vermont have passed state individual mandates. With each state passing its own individual mandate, it makes it difficult for companies to keep up with all the different regulations and reporting requirements. BenefitScape will efile all data required by the state.

State Mandate eFiling Services Read More »

Questions and Answers on the Individual Shared Responsibility Provision

Questions and Answers on the Individual Shared Responsibility Provision

As a provider of millions of ACA 1095 Forms, we are often asked “if the employee must have a copy of this ACA Form 1095 to file their federal income tax return?”
The IRS has finally answered the question, NO. The Form 1095 is not needed to file Form 1040. In fact there is no longer even a place on the 1040 to provde any information on the individual mandate. THE BOX IS GONE!

Questions and Answers on the Individual Shared Responsibility Provision Read More »

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