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The Affordable Care Act has had a significant impact on employers of all sizes. Small employers are no longer rated based on gender or medical conditions, which is good for some companies but bad for others. Larger companies are required to offer qualified, affordable health insurance to their employees or face a tax penalty. And companies large and small are having to spend more time than ever on paperwork and employee communications.

Below are some updates to help employers develop strategies to keep premiums under control, understand how the employer mandate applies to them, and satisfy their employer reporting requirements.

IRS Extends Due Dates for 6055 and 6056 Reporting

  • November 18, 2016

Below is a notice from the National Association of Health Underwriters about today's IRS announcement that it would extend the deadline for providing forms 1095-B and 1095-C to their employees. Today, the IRS released Notice 2016-70, which extends the due…

New BCBSTX Preferred Pharmacy Network

  • November 4, 2016

Beginning January 1, 2017, all small group and individual metallic plans will experience a change to their Preferred Retail Pharmacy Network which allows members to pay the lowest copayment at a network of pharmacies designated as preferred. The preferred pharmacy…

MSP Status for BCBSTX groups must be completed by August 26

  • July 29, 2016

For all BCBSTX groups, the annual deadline for information pertaining to employee count is 8/26/2016.  This information is used for the following: To determine if the group plan or Medicare is primary when a member has Medicare To determine if…

Employer Notices from Healthcare.gov

  • July 25, 2016

Have you received a notice from the Marketplace (Healthcare.gov) in the past few weeks? If so, you're probably wondering what it means--and what you're supposed to do about it. Here's a very quick overview. The Affordable Care Act requires the…

Small employers can keep transitional plans for a few more months

  • March 7, 2016

On February 29, the Centers for Medicare and Medicaid Services (CMS) announced that it was extending the timeframe for “grandmothered” or transitional plans that have not yet implemented all of the requirements of the Affordable Care Act (ACA). This is…

IRS delays reporting deadlines for applicable large employers

  • December 29, 2015

Earlier today, the Internal Revenue Service (IRS) announced that it would give self-insured and applicable large employers additional time to comply with the 6055 and 6056 reporting requirements for 2015. In Notice 2016-4, the IRS said that "additional time to adapt…

Cadillac tax postponed by two years

  • December 24, 2015

A few days ago, President Obama signed legislation delaying the Affordable Care Act’s “Cadillac tax” for two years. The tax on high cost health plans is now scheduled to go into effect in 2020. The provision delaying the excise tax…

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