Educate employees about their benefits with the December Benefits & Me Newsletter.
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Gag Clause Compliance Attestation Due by December 31, 2023
Group health plans and health insurance issuers must annually attest they comply with the federal prohibition on gag clauses. The first gag clause attestation is due by December 31, 2023, covering the period beginning December 27, 2020, through the date of attestation. Click here for webinar.
2023 Applicable Large Employer Reporting
An ALE is an entity, or a member of a controlled group of entities, that employed on average 50 or more full-time employees or equivalents during the prior calendar year. Reporting is necessary for the IRS to administer the Employer Shared Responsibility Payments and allows an ALE to indicate whether it did or did not offer Minimum Essential Coverage (MEC), if the coverage was of minimum value, and whether or not it was intended to be affordable to the employee. Click here for webinar.
Self-Funded Employer Reporting for 2023
An employer with a self-funded or level-funded plan is deemed the issuer of the employee’s health insurance policy by the IRS and required to report the Minimum Essential Coverage (MEC) they offered their employees throughout the year. Even though the Individual Mandate Penalty has been reduced to zero, the IRS still requires 1094/1095-B reporting. Click here for webinar.