The IRS is ratcheting down on ACA compliance, and employers are seeing more notices and penalties. SHRM [Society for Human Resource Management] posted a useful guide of “the five most helpful reminders” for every ALE [applicable large employer] on rules to remain compliant. If you want all the proven steps to federal and state reporting compliance, …
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 »
BenefitScape is proud to be an active and certified member of the Women’s Business Enterprise National Council (WBENC). Read here about the 25 year anniversary program of events. More info >
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 »
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 …
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 …
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 »
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 »
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 …
More good news for employees to obtain affordable Health Insurance The Internal Revenue Service (IRS) provided two additional codes from Code Series 1 to be used on Form 1095 for ICHRA Reporting on line 14. This is used for reporting offers of individual coverage HRAs (ICHRAs) under Section 6056. These codes were previously reserved (unused) on …
IRS Provides Additional Codes for ICHRAs Under Section 6056 Read More »
BenefitScape is a Ceridian implementation partner for Dayforce with certified consultants specializing in Employee Benefits. We participated in the Partner Zone, which showcases our Ceridian related services, highlighted in this video.
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 »
As TY2020 ACA Compliance and Reporting deadlines are fast approaching, refer to BenefitScape's Back to ACA Basics to brush up on the upcoming compliance process! Today we'll be reviewing Forms 1095-C and 1094-C: Per the ACA Employer Mandate, Applicable Large Employers (ALEs) must offer Minimum Essential Coverage (MEC) to at least 95% of their full-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 …
The IRS has recently begun issuing and re-sending Letters 5699 for Tax Year 2018 for non-filers. Their Enforcement Office located in Ogden, UT was temporarily closed in March 2020 in response to the COVID-19 state stay-at-home orders. The office was originally scheduled to reopen on July 15th but recently reopened in late August. IRS Letters: …
TY2018 IRS Letters 5699 and 226J Reopened and Reissued Read More »
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 »
As COVID-19 severely affects various industries such as hospitality and food service, your organization may be experiencing mass furloughs and layoffs to protect your business. As you and your team work through these changes, ACA Compliance and Reporting may top be top of mind, but we're here to help you with these efforts to avoid …
ACA Considerations for Furloughs and Layoffs During COVID-19 Read More »
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 »
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 …
Important news! On July 13, 2020, the IRS released its draft TY2020 Forms 1095-C and 1094-C with some significant changes. Read about these changes here!
The IRS recently updated their indexing adjustments for certain provisions under IRC Section 36B in Revenue Procedure 2020-36. There are two important updates for your review.
Here is a guide to determining your organization’s readiness and a few practical tips if your organization is to go forward and attempt this NJ efiling. Many employers have voiced concern that these NJ filing requirements are difficult for them to comply. In particular, smaller employers may not have the capacity for electronic filing of information …
NJ Deadline Extension May 15, 2020 for Healtcare eFiling Read More »
As deadlines approach, here is a little help from your friends at BenefitScape to help with NJ mandate efiling. Take a look at this Outline of a project plan to enable e-filing to New Jersey starting with the IRS AIR XML file.
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.
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!
