On Dec. 12, 2022, the IRS released a final rule that extends the annual furnishing deadlines for Sections 6055 and 6056 reporting under the Affordable Care Act (ACA). This rule finalizes guidance that was proposed by the IRS in December 2021 with minor clarifications.
Massachusetts employers with six or more employees must annually submit a health care coverage reporting form, referred to as the Health Insurance Responsibility Disclosure (HIRD). The HIRD form has been available to be filled out electronically starting Nov. 15, and must be completed by Dec. 15, 2022.
Whether you’re in open enrollment now or gearing up for it, here are some important topics to think through. Time is of the essence, so if you have questions or concerns about your current plan, reach out to Innovo for immediate help.
Download the Employer Health Benefits 2022 Annual Survey. Every year, the Kaiser Family Foundation publishes its annual survey providing details of how employer health insurance has changed year to year.
We've long advocated against surprise billing, knowing the hardship it brings to healthcare consumers. The No Surprises Act (NSA) aims to resolve the issue. Learn how the new legislation can protect your employees.
On Aug. 1, 2022, the IRS issued Revenue Procedure (Rev. Proc.) 2022-34 to index the contribution percentages in 2023 for determining the affordability of an employer’s plan under the Affordable Care Act (ACA).