Approaching Deadlines for Affordable Care Act Reporting

Matthew P. Chiarello • February 12, 2018

As we recently reported in our “ 2017 End of the Year Plan Sponsor To Do List ,” applicable large employers must continue to submit to the IRS and to employees information regarding offers of health coverage made to full-time employees in 2017.

The IRS recently published Notice 2018-06 (the “Notice”), which contains some relief with respect to the required reporting.  In particular, the Notice extends the deadline to distribute Forms 1095-C to employees and continues the application of good faith transition relief.  The Notice does not extend the deadline for filing Forms 1094-C or 1095-C with the IRS.

Extension of Deadline to Furnish Forms 1095-C to Employees

The Notice extends the deadline for furnishing Forms 1095-C to employees from January 31, 2018 to March 2, 2018 . 

It is important to note that the Notice does not extend the deadline for filing Forms 1094-C or 1095-C with the IRS.  The deadline to file those Forms remains February 28, 2018 ( for paper filings ) or April 2, 2018 ( for electronic filings ).  Note that the traditional electronic filing deadline of March 31 falls on a weekend and has been moved to the next following business day, April 2, 2018.

Extension of Good Faith Reporting Relief

The Notice also extends good faith transition relief for calendar year 2017 reporting.  The IRS provided similar relief with respect to 2015 and 2016 reporting.  As in prior years, employers who submit incorrect or incomplete Forms may be relieved from penalties if they can show that they made good-faith efforts to comply with the reporting requirements.

 

Employee burnout: what it is and how to prevent it

By Mardy Gould • May 24, 2024
Employee burnout has become an epidemic in today’s modern workplace. So much so that the World Health Organization (WHO) officially recognizes it as an “occupational phenomenon.”1 While many used to consider mounting workplace stress an individual employee problem, these days, it’s become an employer’s responsibility to prevent burnout before it hurts productivity and business performance—not to mention your employees’ physical and mental health. Luckily, you can prevent burnout from affecting your workforce in several ways. This article will explore the causes and signs of employee burnout and the steps you can take to create a positive work environment where employees feel safe from toxic stress levels.

Form 720 and PCORI fee FAQs

By Mardy Gould • May 23, 2024
If you're a small business owner, you may have heard of the acronym PCORI and the fees that come with it. But what is PCORI, and how does it apply to your organization? Under the Affordable Care Act (ACA), sponsors of self-insured health plans must pay a fee to fund the federal Patient-Centered Outcomes Research Institute (PCORI). PCORI is an independent organization the ACA created to conduct research to help healthcare consumers make better decisions for their specific needs and outcomes. It also performs research related to clinical effectiveness. Employers offering a self-insured medical reimbursement health plan, such as a health reimbursement arrangement (HRA), must pay this fee by July 31 each year via Form 7201. This fee was initially set to expire in 2019, but Congress extended it through September 30, 20292, due to the Further Consolidated Appropriations Act of 20203.
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