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Archive | August, 2015

Legal Alert: Agencies Finalize Preventive Care Rules, Accommodation for Closely Held For-Profit Entities

The Internal Revenue Service, U.S. Department of Labor, and Health and Human Services (the “Agencies”) have released final regulations on several aspects of the Affordable Care Act’s (ACA’s) preventive care requirements.  The regulations finalize prior guidance on coverage of preventive services and define standards regarding a “closely held” for-profit entity’s decision not to provide coverage […]

Legal Alert: IRS Releases Draft 2015 Instructions for ACA Reporting Forms

The IRS has released draft 2015 instructions for the B-Series and C-Series reporting forms (Forms 1094-B, 1095-B, 1094-C and 1095-C) that will be used by employers and coverage providers to report certain information to full-time employees and the Internal Revenue Service (IRS). By way of background, the Affordable Care Act (ACA) added Sections 6055 and […]

Legal Alert: Second Notice on Cadillac Tax Implementation Issues Released by IRS

On July 31, 2015, the Internal Revenue Service (“IRS”) released Notice 2015-52 (the “Notice”), the second installment in the IRS’s process of developing regulatory guidance regarding the ACA’s “excise tax on high cost employer-sponsored health coverage” – commonly known as the “Cadillac tax.” The Cadillac tax applies starting in 2018, and imposes a 40% nondeductible […]