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Posts By: Ann Poland

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Upcoming ACA Reporting Deadlines

Affordable Care Act (ACA) reporting under Section 6055 and Section 6056 for the 2021 calendar year is due in early 2022. Specifically, reporting entities must: Furnish statements to individuals […]
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OUTBREAK PERIOD – GUIDANCE ON EXTENDED TIMEFRAMES FOR COBRA ELECTIONS & PAYMENTS

Issue Date: October 2021 This week, the Internal Revenue Service (IRS) released Notice 2021-58, which further clarifies how to apply the extended deadlines for COBRA elections and COBRA premium […]
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MLR Rebates

Issue Date: October 5, 2021 Background Included in the Affordable Care Act (ACA) were new rules that required health insurance companies to disclose certain financial data. This includes the […]
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Transparency Requirements & Surprise Billing – Agency FAQs Offer Several Delays

Issue Date: August 2021 Last week, agency guidance was released as several frequently asked questions (FAQs) clarifying requirements and effective dates set forth in the transparency in coverage final […]
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COBRA SUBSIDY EXPIRATION NOTICE

Issue Date: July 2021 It is already time to think about the distribution of the expiration notice for the COBRA subsidy as required by the American Rescue Plan Act […]
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THE IMPACT OF BIDEN’S COMPETITION EXECUTIVE ORDER ON THE HEALTH CARE INDUSTRY

The American economy is finally recovering after more than a year of stagnation due to the COVID-19 pandemic. President Joe Biden’s administration wants to continue this momentum and further […]
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COBRA SUBSIDY – UPDATED FORM 941

Issue Date: July 2021 Form 941, the employer’s quarterly federal tax return, has been updated to allow employers to claim a credit for any COBRA subsidies provided to assistance […]
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IRS POSTS FAQS ON ARP TAX CREDITS FOR PAID SICK AND FAMILY LEAVE

On June 11, 2021, the IRS released new FAQs about tax credits for eligible employers who voluntarily provide paid employee leave under the Families First Coronavirus Response Act (FFCRA). […]
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Compliance Alert: IRS Provides Clarification for DCAPS in 2021 and 2022

Issue Date: May 2021 The Internal Revenue Service (IRS) released Notice 2021-26 clarifying what amounts may be reimbursed under a dependent care assistance program (DCAP) on a tax-favored basis […]
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DEPARTMENT OF LABOR RELEASES COBRA SUBSIDY WEBSITE AND MODEL NOTICES

The Department of Labor (DOL) has released model notices and a COBRA subsidy information website related to the COBRA subsidy that was passed as part of the American Rescue […]
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