by Team EBS | Dec 21, 2020 | 2020
Final Rule on Health Care Transparency Issued The Departments of Labor (DOL), Health and Human Services (HHS) and the Treasury (Departments) issued a final rule that imposes new transparency requirements on group health plans and health insurers in the individual and...
by Team EBS | Dec 21, 2020 | 2020
IRS Provides Transition Relief for 2020 ACA Reporting The IRS recently issued Notice 2020-76 to: Extend the due date for furnishing forms under Sections 6055 and 6056 for 2020 from Feb. 1, 2021, to March 2, 2021. Provide a final extension of good-faith transition...
by Team EBS | Oct 7, 2020 | 2020
ACA Pay or Play Penalties Will Increase for 2021 The IRS recently updated its frequently asked questions (FAQs) on the pay or play penalties to include increased penalty amounts for the 2021 calendar year. For the 2021 calendar year, the adjusted $2,000 amount is...
by Team EBS | Sep 4, 2020 | 2020
Affordability Percentages Will Increase for 2021 The IRS issued Revenue Procedure 2020-36 to index the contribution percentages in 2021 for determining affordability of an employer’s plan under the Affordable Care Act (ACA).For plan years beginning in 2021, the ACA...
by Team EBS | Aug 17, 2020 | 2020
“Supreme Court to Hear Arguments in Lawsuit Challenging ACA’s Constitutionality This Fall” This fall, the U.S. Supreme Court is expected to hear oral arguments in Texas v. Azar, the lawsuit arguing that the Affordable Care Act (ACA) is unconstitutional. In June 2020,...
by Team EBS | Aug 11, 2020 | 2020
July 1 – Family Leave ExpandedEffective July 1st, the number of weeks for Family Leave Insurance (FLI) and Temporary Disability Insurance (TDI) have doubled. Employees can take up to 12 consecutive weeks of paid family leave or temporary disability insurance during...
