Employers that filed 250 or more W-2 for the prior calendar year Must report to Social Security Administration and include aggregate cost of employer sponsored health plan coverage on EE’s W-2. Penalty for such a failure is $200 per Form W-2, up to a maximum of $3 Million.

Employers with 6 or more employees that reside in the state of Massachusetts Provide Form MA 1099-HC to all MA resident employees Subject to a $50 penalty per individual, going up to a maximum of $50,000.

Code Section 6055 requires employers with self-insured health plans to report information about the coverage to the IRS each year. Employers that are not ALEs use IRS Forms 1094-B and 1095-B to meet these reporting obligations. The deadline for filing paper versions of the forms with the IRS is Feb. 28, 2022; the deadline for […]

Group health plans that provide Rx coverage to individuals who are eligible for Medicare Part D Must disclose to CMS whether Prescription coverage is creditable or non-creditable within 60 days after the beginning of the plan year using CMS’s Online Disclosure Form. In general, to be creditable the Plans Rx actuarial value must be equal or […]

Multiple Employer Welfare Arrangement (MEWAs)(Regardless of size) The Form M-1 is an annual report that must be filed by MEWAs no later than March 1st following any calendar year in which the MEWA operates. MEWAs do not include plans determined by the Secretary of Labor to be collectively bargained. Up to $1,881 per day for late filing. […]

Employers that are ALEs with Fully Insured Health Plan and Self-Insured Health Plan The code requires ALEs that sponsor health plans, to report information about the coverage to covered employees each year using Form 1095-C. This is an extension from the Jan 31st deadline. Up to $280 per-form for failing to furnish an accurate Form […]