From policy reminders to breaking news on the federal and state level, we keep our clients and partners updated on the topics that matter in healthcare, wellness and employee benefits.
Health Care Reform
IRS Releases Letter 227 Guidance
On May 25, 2018, the IRS released helpful guidance on the various types of 227 letters, which are acknowledgement letters sent to close an employer shared responsibility payment (ESRP) inquiry or provide the next steps to the applicable large employer (ALE) regarding…Read More »
IRS Publishes the ACA’s Affordability Percentage and Individual’s Premium Tax Credit Table for 2019
On May 22, 2018, the IRS published Rev. Proc. 2018-34, which provides the 2019 premium tax credit (PTC) table and the employer contribution percentage requirements applicable for plan years beginning after Dec. 31, 2018. As background, the ACA's employer-shared responsibility rules (also…Read More »
The IRS recently released Publication 5208, which is directed at applicable large employers (those subject to the ACA's employer mandate, also known as the "employer shared responsibility payment"). Specifically, the one-page document provides: Step-by-step instructions employers may use to determine whether they’re…Read More »
On April 27, 2018, the IRS published Notice 2018-27, which provides relief for certain small employers that wish to claim the Small Business Health Care Tax Credit (the Credit) for 2017 and later years. As background, the Credit was created by the…Read More »