by Eriksen Insurance | Jan 26, 2016 | Individual Health Insurance, Open Enrollment
According to United Healthcare, Broker Connection Special Edition: “On Dec. 28, 2015, the IRS announced that it is granting an automatic extension for the 2015 information returns required of insurers, employers and certain other providers of Minimum Essential...
by Eriksen Insurance | Jun 25, 2015 | Health Insurance Cost, Insurance Reform
National Law Review reports: “Despite guidance from the Internal Revenue Service (“IRS”), the Department of Labor (“DOL”) and the Department of Health and Human Services (“HHS”) indicating the prohibition of the practice under the Affordable Care Act (“ACA”),...
by Eriksen Insurance | Feb 27, 2015 | Affordable Care Act, Small Business
Generally, under Employer Shared Responsibility (ESR), applicable large employers (generally, employers with 50 or more full-time employees, including full-time equivalents) face a potential penalty if they don’t offer minimum essential coverage to full-time employees...
by Eriksen Insurance | Jan 13, 2015 | Health Insurance News, Insurance Reform, Requirements
Small Business Trends reports: “This year as you complete your federal income tax return, you’ll need to provide extra information, due to Obamacare. The Affordable Care Act will require one of three things for the 2014 tax year: If you had health coverage for...
by Eriksen Insurance | Nov 3, 2014 | Insurance Reform
JD Supra reports: “Starting in 2016, Section 6055 of the Internal Revenue Code, which was added by the Health Care Reform Act, requires all entities providing “minimum essential coverage” (MEC) to submit information to the IRS concerning each covered individual,...
