Featured
The AI revolution is fueling far-reaching business transformation. These ‘AI & RegTech’ posts have been created by the tech and benefits specialists at BENEFITSCAPE to help employers and everyone in the benefits ecosystem understand better the emerging benefits of AI for ben admin and compliance. In PART 2 we dig deeper into the different types […]
AI & Regtech for Employee Benefits [Part 2/3] Read More »
When most employers think about Paid Family and Medical Leave (PFML), they think about policies, employee benefits, and compliance requirements. What they often do not think about is data, but that is where the real complexity begins. As more states introduce PFML programs and employers expand paid leave offerings, organizations are finding themselves managing leave
The Hidden Complexity of PFML: Why Connected Data Matters More Than Ever Read More »
Last month’s IRS Revenue Procedure 2026-22 signalled another substantial hike in penalties for non-compliance with the ACA’s Employer Shared Responsibility Provisions [or Employer Mandate]. These penalties fell in TY 2025 but have risen substantially for the current TY 2026 [reporting in 2027]. See ACA-To-Z Blog: Time to Get Ahead of ACA Changes. They are now
ACA Penalties Set To Rise Again in TY27 Read More »
ACA Reporting & Compliance continues to evolve. New reporting requirements, changing penalty rates, and updated affordability thresholds are among the changes for TY 2026 [filing in 2027]. A number of government marketplace subsidies on healthcare are also set to expire, meaning more employees are likely to be considering employer plans. In short, now is the
Time To Get Ahead of ACA Changes for TY26 Read More »
Bipartisan legislation giving employees greater control over their employer contributions was introduced on April 15 by two members of the influential House Ways and Means Committee. Below we outline the opportunities unlocked by this proposed legislation — and by BeneSphere’s regtech-enabled orchestration of increasingly complex and dynamic benefits data. _________________________ What is the OPTIONS Act?
The OPTIONS Act & Employee-Directed Benefits Read More »
The AI revolution is fueling exciting and far-reaching business transformation — but also a good deal of hype, misunderstanding and even risk. Unlike other tehnology revolutions, many of the most avid early adopters of AI are the least expert. This can lead to organizations into misapplications, missed opportunities or, far worse, costly pitfalls and even unsafe
AI & RegTech for Employee Benefits [Part 1/3] Read More »
New savings programs, shifting contribution rules, eligibility updates, and plan changes always pose challenges for retirement service providers. Why? Because so much critical data starts upstream in the employer’s HCM and payroll systems. When systems are connected but not coordinated… Breakdowns happen fast! The results? Exception spikes. Retroactive fixes. Manual reconciliation. Broken handoffs. Audit gaps.
Solving the headaches for Retirement Service Providers Read More »
What HCM & Payroll Teams Need to Know. The SECURE Act 2.0 continues to reshape the retirement landscape, and one of the most significant updates — the new Roth Catch-Up Rules for higher-earning employees — takes effect on January 1, 2026. Although the IRS has provided transition relief, organizations should not wait. Ensuring compliance requires
Preparing for SECURE Act 2.0: Strong Coordination Matters Read More »
If you read only one ACA Compliance & Reporting guide this year, make sure it’s this one! There are plenty of ACA guides out there. A lot contain errors, some are plain wrong, and more and more are loosely AI-generated. Most are confusing, to say the least. As if ACA governance, risk management & compliance
ACA TY24: IRS Changes, Tips, & Common Errors Read More »
The IRS ACA reporting DEADLINES for TY24 [filing in 2025] are as follows: MARCH 3, 2025: Deadline to furnish IRS FORMs 1095-B & C to individual eligible employees. MARCH 31, 2025: Deadline to e-file FORMs 1095-B & C and employer Form 1094-C plus all other required ACA documentation to the IRS. » NOTE: NO MORE
ACA TY24: IRS Deadlines & Penalties Read More »
The annual Dayforce Discover event starts in Vegas on Monday, November 11. BENEFITSCAPE will be participating this year as a Dayforce Consulting Partner for Benefits & Compliance. HCMs DELIVER BEST-IN-CLASS BEN ADMIN. Dayforce’s deep BENEFITSCAPE partnership reflects the industry-leading work BENEFITSCAPE has done pioneering ACA COMPLIANCE and other benefits administration for employers on the major HCMs.
Dayforce Strengthens BENEFITSCAPE Partnership Read More »
The IRS has published the TY2024 ACA Compliance & Reporting templates for employee FORM 1095-B and FORM 1095-C. The TY24 deadlines for distributing these forms to employees and for filing to the IRS are as follows: Forms 1095 Distribution Deadline: March 3, 2025 FORMS 1095 IRS E-Filing Deadline: March 31, 2025 FORMS 1095 & STATE-MANDATED
IRS Publishes Forms 1095-B & C for TY24 Read More »
This three-part series on AI & REGTECH has been created by the data scientists and benefits specialists at BENEFITSCAPE to provide a high-level framework for understanding how AI can support ben admin and compliance. In this final post, we sum up the key takeaways for employers from Parts 1 & 2. 1. AI comes with
AI & Regtech: The 7 Key Takeaways Read More »
By BENEFITSCAPE CHAIRMAN Ken Phillips INTRODUCTION Alongside Human Capital Management [HCM] systems, employers typically use specialized ben admin software and services to manage health & welfare benefits. These best-in-class employee ben admin solutions have robust specialized functionality and deep integration with both the benefits supply chain and compliance reporting. HCMs have found it hard to
HCMs Deliver Best-in-Class Ben Admin Read More »
By BENEFITSCAPE CHAIRMAN Ken Phillips ________________________________________________________________ The IRS has invited feedback on the ACA reporting and compliance process — more specifically, on the efficiency and utility of FORMS 1094-C and 1095-C. BENEFITSCAPE’s response is a very practical one. Our focus has always been on developing specialist ACA technology — in conjunction with best-in-class managed services
A Response To IRS Call for ACA Feedback Read More »
Without much fanfare, a radical data science revolution is taking place inside the Internal Revenue Service [IRS]. And all corporate employers should take note — and take steps not to get caught out by it. From 2010 to 2021, the IRS experienced budget cuts in real terms of 22%, leaving it with outdated technology and a
Regtech Transforming IRS Powers Read More »
There are two series of IRS CODES for ACA reporting & compliance. These codes relate to LINES 14 & 16 of IRS FORM 1095-C, the individual employee form that as health plan sponsors APPLICABLE LARGE EMPLOYERS [ALEs] must complete and distribute to all eligible employees. See here for the difference between FORMS 1095-B & 1095-C. Series 1 Codes:
ACA Reporting: IRS Codes Explained Read More »
As we enter the final straight for TY23 filings, the IRS continues to process a backlog of 226J penalty letters for ACA non-compliance in previous tax years. WHAT IS AN IRS 226J PENALTY LETTER? The IRS issues 226J notices when Applicable Large Employers [ALEs] fail to comply with the Employer’s Shared Responsibility Provision [Employer Mandate]
Survival Kit: 226J Penalty Letters Read More »
As IRS filing deadlines approach in the New Year, BENEFITSCAPE takes a look at the hefty penalties for employers missing TY23 ACA deadlines. And we also issue three warnings about some misleading ACA information online. WARNING 1: Some online AI-generated guides to ACA reporting & compliance confuse IRS penalties for late or incorrectly furnished filings [IR
ACA TY23: A Timely Look at ACA Deadline Penalties Read More »
In late August the IRS announced changes to the 2024 health plan affordability threshold. [See IRS Rev. Proc. 2023-29.] This is the measure used to determine if an employer’s lowest-premium health plan meets ACA affordability requirements. The 2024 threshold will be 8.39% of an employee’s household income. That is significantly down from this year’s 9.12%
What does IRS affordability change mean for TY24 ACA compliance? Read More »
BENEFITSCAPE is SOC2 TYPE II certified & HIPAA compliant