{"id":6609,"date":"2015-11-03T07:20:30","date_gmt":"2015-11-03T13:20:30","guid":{"rendered":"https:\/\/digitalblogs.wpengine.com\/?p=6609"},"modified":"2019-09-30T18:53:44","modified_gmt":"2019-09-30T23:53:44","slug":"aca-reporting","status":"publish","type":"post","link":"https:\/\/www.cainwatters.com\/digitalblogs\/aca-reporting\/","title":{"rendered":"Employer Requirement to Provide Notice of Market Place Coverage Options"},"content":{"rendered":"<p style=\"text-align: justify;\">New Affordable Care Act (ACA) reporting requirements top the list of 2016 important tax topics. While much of this reporting applies to businesses with 50 or more full-time equivalent employees, also called \u201cApplicable Large Employers\u201d (ALEs), there are aspects that impact employers with less than 50 full-time employees. For example, for 2016, those who offer <a href=\"https:\/\/www.healthcare.gov\/glossary\/self-insured-plan\/\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"text-decoration: underline;\">self-insured\/self-funded<\/span> <\/a>group health plans may now also have to file forms 1094-B and 1095-B for each employee, therefore, it\u2019s important to work closely with your financial advisors to guide you through these changes.<\/p>\n<p style=\"text-align: justify;\"><span style=\"text-decoration: underline;\">ALL EMPLOYERS<\/span>, however, are still required to inform new employees of their coverage options by providing them with the Marketplace Coverage Options and information notice. Forms are available at <span style=\"text-decoration: underline;\"><a href=\"https:\/\/www.dol.gov\/ebsa\/faqs\/faq-noticeofcoverageoptions.html\" target=\"_blank\" rel=\"noopener noreferrer\">www.dol.gov<\/a><\/span>. Be sure to keep a log or set up a tracking system as documentation of your adherence, and again, your CWA planning team or financial advisors are available to help.<\/p>\n<p style=\"text-align: justify;\">Lastly, as employers, keep in mind our January 2015 story, <span style=\"text-decoration: underline;\"><a href=\"https:\/\/www.cainwatters.com\/save-the-penalties-for-super-bowl-sunday\/\">Save the Penalties for Super Bowl Sunday<\/a><\/span>, discussing how to avoid penalties outlined in the Department of Labor\u2019s <a href=\"https:\/\/www.dol.gov\/ebsa\/faqs\/faq-aca22.html\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"text-decoration: underline;\">clarification of the ACA\u2019s market reform provisions<\/span> <\/a>impacting Employee Payment Plans. Remember, EPPs are considered group health plans, however, market reform establishes that \u201cplans\u201d can\u2019t limit any individual\u2019s annual benefits, and plans must also provide certain preventative services without cost-sharing requirements. And since EPPs can\u2019t be integrated with individual market policies to meet these market reform requirements they are in violation and subject to penalties. Make sure you\u2019re informed and in the clear.<\/p>\n<p style=\"text-align: justify;\"><a href=\"https:\/\/www.cainwatters.com\/subscribe-to-cwa-digital-news-monthly\/\">Subscribe to Digital News Monthly <\/a>\u00a0for more up-to-date ACA and tax information that may provide you tax savings opportunities.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>New Affordable Care Act (ACA) reporting requirements top the list of 2016 important tax topics. While much of this reporting applies to businesses with 50 or more full-time equivalent employees, also called \u201cApplicable Large Employers\u201d (ALEs), there are aspects that impact employers with less than 50 full-time employees. For example, for 2016, those who offer [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":6635,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":"","_ppma_block_editor_authors":""},"categories":[20],"tags":[],"ppma_author":[48],"class_list":["post-6609","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-practice-management"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Employer Requirement to Provide Notice of Market Place Coverage Options - Cain Watters Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.cainwatters.com\/digitalblogs\/aca-reporting\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Employer Requirement to Provide Notice of Market Place Coverage Options - Cain Watters Blog\" \/>\n<meta property=\"og:description\" content=\"New Affordable Care Act (ACA) reporting requirements top the list of 2016 important tax topics. While much of this reporting applies to businesses with 50 or more full-time equivalent employees, also called \u201cApplicable Large Employers\u201d (ALEs), there are aspects that impact employers with less than 50 full-time employees. 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