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Archive | February, 2015

IRS Releases First Guidance on Cadillac Tax

The Internal Revenue Service released the first piece of guidance today on the Affordable Care Act’s excise tax on high-cost health plans (a/k/a the “Cadillac Tax”), which is set to take effect in 2018. IRS Notice 2015-16 is intended to “initiate and inform the process of developing regulatory guidance” and addresses several aspects of the […]

IRS Clarifies Prior Guidance on Premium Reimbursement Arrangements; Provides Limited Relief

February 24, 2015 Continuing its focus on so-called “premium reimbursement” or “employer payment plans”, the Internal Revenue Service (IRS) released IRS Notice 2015-17 on February 18, 2015. In this Notice, which was previewed and approved by both the Department of Labor (DOL) and Department of Health and Human Services (collectively with the IRS, the “Agencies”) […]

Final ACA Reporting Forms for Employers and Health Insurance Issuers

February 20, 2015 On Monday, February 9, 2015, the Internal Revenue Service (IRS) released final forms that applicable large employers and health insurance issuers will use to report information regarding employees’ full-time status and health coverage, as required under the Affordable Care Act (ACA) starting in 2015. The first reporting will be due in the […]