COMPLIANCE CHECK
what you need to know
Section 6055/6056 Reporting (Paper Filing Deadline)
Internal Revenue Code Sections 6055 and 6056 require applicable large employers (ALEs) that sponsor self-insured health plans to report information about the coverage to the IRS each year. ALEs use IRS Forms 1094-C and 1095-C to meet their reporting obligations under Sections 6055 and 6056. The deadline for filing these paper forms with the IRS is February 28 of each year.
CMS Medicare Part D Disclosure
Each year, employers with health plans that provide prescription drug coverage to individuals that are eligible for Medicare Part D must disclose to the Centers for Medicare and Medicaid Services (CMS) whether the plan’s prescription drug coverage is creditable or non-creditable. The deadline for the CMS Medicare Part D Disclosure is February 29.
Summary of Material Modifications
Employers who offer group health plans that are subject to ERISA must distribute Summary of Material Modifications (SMM) for any plan changes that were adopted at the beginning of the year that are material reductions in plan benefits or services. The deadline to distribute SMMs is February 29.
Section 6055/6056 Individual Statements (2019 EXTENDED DEADLINE)
Applicable large employers (ALEs) that sponsor self-insured health plans must provide Forms 1095-C to covered employees. The IRS extended the deadline for furnishing 2019 employee statements, from January 31, 2020, to March 2, 2020.
Section 6055/6056 Reporting (Electronic Filing Deadline)
Applicable large employers (ALEs) that sponsor self-insured health plans must report information about coverage to the IRS via Forms 1094-C and 1095-C. The deadline to electronically file this information is March 31, 2020. For employers that file paper forms, the deadline is February 28 of each year.
COBRA General Notice
Group health plans must provide a written General Notice of COBRA rights to each covered employee and spouse (if applicable) within 90 days after their health plan coverage begins. Employers must provide the COBRA General Notice to participants who newly enrolled at the beginning of the plan year by March 31, 2020.
Summary Plan Description (SPD)
Group health plans that are subject to the Employee Retirement Income Security Act (ERISA) must provide SPDs to employees who newly enrolled at the beginning of the plan year. The deadline to provide participants with SPDs is March 31, 2020.
Do You Have Access To Actionable Data?
Everyone accumulates data every day within their organization, but not too many people have access to the tools, expertise and technology to leverage that data in a beneficial way.
The Pros & Cons of Level Funding
Bringing the knowledge of our in-house experts right to you...
- What is Level Funding?
- What are the Advantages of Level Funding vs Fully Insured Plans?
- What are the Possible Disadvantages of Level Funding?
If you desire the freedom of a self-funded insurance plan but need a little more certainty for your budgeting concerns, level funding might be an option for you.
“Level funding is a healthcare financing option that can act and feel similar to the security of a fully insured health plan but provides the flexibility and returns of a partially self-funded plan.”
In this installation of CenterStage, Jeff Neal, one of our expert partners and a Senior Benefits Consultant at JA Benefits, has weighed the advantages and disadvantages of level funding to help you decide what’s best for your company.
Live Well, Work Well
Health and Wellness Tips for your work and life
It’s American Heart Month: What You Need to Know About Heart Disease
Heart disease is the leading cause of death for both women and men in the United States, causing about 647,000 deaths annually, according to the Centers for Disease Control and Prevention (CDC).
A Cold Is Contagious for Longer Than You’d Think
According to Healthline, when you have a cold, you’re contagious approximately one to two days before symptoms start and can continue to be contagious for up to seven days after you’ve become sick.
Ergonomics Is the Way to a Pain-free Workday
The discomfort and pain from slouching at a desk all day is very common, with many office workers suffering pain at least once a week. Avoid unnecessary discomfort at work by focusing on your posture and making your workstation ergonomically appropriate.
Legislative compliance can be burdensome without the right partner.
JA delivers confidence and clarity in compliance through our on-staff expertise accompanied by a vast selection of resources.
JA Dish Featuring Brooke Lipscomb
Porcupine Meatballs and McAlister’s Deli
Porcupine Meatballs
Ingredients:
- 1-pound ground beef
- 1 box beef rice-a-roni
- 1 egg
- ½ packet brown gravy mix
Directions:
- Mix thawed ground beef, rice from the rice-a-roni box, and one egg in large bowl. (Save the seasoning from the beef rice-a-roni box for later in the recipe)
- Make one-inch meatballs and brown on all sides.
- While the meatballs are browning, mix the seasoning packet from the beef rice-a-roni and ½ packet of brown gravy mix with 2 cups of hot water. Stir until powder is dissolved.
- Once the meatballs are browned on all sides, pour the seasoning/water mixture over the meatballs and bring to a simmer.
Cover and simmer for 10-12 minutes, stirring occasionally.
*Recipe yields approximately 15-17 meatballs, depending on size.
McAlister’s Deli
Brooke loves eating out to McAlister’s Deli in Bedford, Indiana. Her favorite item to order is the Grilled Chicken Club made into a wrap with avocado added.
Monthly compliance updates, expertise and health and wellness tips - courtesy of JA BENEFITS.
