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Employer News
The IRS has issued a new rule that fixes the “family glitch” in the Affordable Care Act (ACA).
The IRS has released final Affordable Care Act (ACA) information reporting forms and instructions for the 2022 calendar year, as well as final regulations that permanently change the deadline for furnishing Forms 1095-C to individuals.
Under the Consolidated Appropriations Act, 2021, self-funded group health plans are required to submit certain information related to prescription drug and other health care spending to the Department of Labor, the Department of Health and Human Services, and the Department of Treasury (Departments).
The IRS has issued Revenue Procedure 2022-34, announcing that the affordability percentage for the 2023 plan year has decreased to 9.12 percent, from 9.61 percent in 2022.
What are the transparency requirements for a self-funded health plan?