What Employers Need to Know about Form 1095-B & 1095-C

Large Employers Form 1095-C is used by employers with 50 or more full-time (or full-time equivalent) employees to report Minimum Essential Coverage (MEC) under section 6055 and the offer of coverage under section 6056 to the IRS. Form 1095-C reports whether employers...

What is a WRAP document and do I need one?

What is a “wrap document”? A wrap document is document that sets out information about an employer’s health and welfare plan, and which incorporates (or “wraps around”) other documents that provide more detailed information about the benefits offered (such as...

ROI on Employee Benefits

When you own a business, you should be proud of the people you hire; you want to equip them to be successful. Each employee is an important asset to your company, and doing your part to protect and reward them should be a high priority for business owners. Part of the...

ACA Employer Reporting

What is the Employer Mandate? The employer mandate, also known as the Employer Shared Responsibility provisions of the Affordable Care Act, aims to reduce the number of uninsured people in the U.S. by encouraging employer-sponsored health coverage. As part of the...

Vesting Schedules

When an employer sets up a defined contribution plan, such as a 401(k), 403(b), or another plan, you are able to contribute to the plan. Many times the employer may also choose to contribute an amount toward your account as well. Not all times will the employer...

Health Insurance Nondiscrimination Rules

Overview Group health plans and tax-favored accounts—including health savings accounts (HSAs), health flexible spending arrangements (health FSAs), and health reimbursement arrangements (HRAs)—are subject to numerous nondiscrimination provisions under federal law. The...