What’s next for Emergency Sick Leave now that school is out for summer?
In the early days of the COVID-19 pandemic, Congress passed the Families First Coronavirus Response Act that, in part, provides emergency sick leave and expanded family and medical leave for employees who need to care for children whose schools had been closed as a result of the virus. Now that the school year is ending […]
Midyear adjustments to health plans permitted due to COVID-19
Employers can now allow employees the opportunity to make midyear adjustment to their health insurance plans and flexible spending plans for the 2020 plan year, according to a notice issued by the IRS in response to the coronavirus crisis. The IRS issued its guidance on May 12, which relaxes the rules relating to election changes […]
ACA Employer mandate penalties increased for 2018
While the Affordable Care Act’s Individual Mandate is repealed beginning in 2019, the Employer Mandate still is the law, and the IRS recently updated those penalties for 2018. The penalties relate to applicable large employers, or ALEs, that fail to offer affordable coverage to all their full-time employees. The update, along with additional information for […]
The ABCs of healthcare tax forms
NUVISION Financial Corporation As the rollout of the Affordable Care Act continues to unfold, taxpayers need to be prepared for a number of forms that are required when filing taxes this year. In particular, taxpayers should look for forms 1095-A, 1095-B and 1095-C that are used to show the taxpayer had medical coverage this past […]