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Tag Archive for: IRS

Understanding the ACA’s 1094 and 1095

January 2, 2022/in ACA Compliance, MEC, News

The Affordable Care Act (ACA), enacted in March 2010, was created with the goal to make healthcare more affordable. All applicable large employers (ALEs) with 50 or more full time, or full time equivalent employees must offer ACA compliant benefits to at least 95% of their workforce, and their dependents.

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https://www.sbmabenefits.com/wp-content/uploads/2022/01/Untitled-design.png 924 1640 Beatriz Carias https://www.sbmabenefits.com/wp-content/uploads/2021/12/SBMA_Website-Logo_250x150.png Beatriz Carias2022-01-02 10:31:562022-01-06 11:31:06Understanding the ACA’s 1094 and 1095

How Does the FFCRA Affect My Employee’s Coverage?

July 21, 2020/in COVID-19, Voluntary Benefits

The Families First Coronavirus Response Act is an Act of Congress meant to respond to the economic impacts of the ongoing 2019–20 coronavirus pandemic. The act will provide funding for free coronavirus testing, 14-day paid leave for American workers affected by the pandemic, and increased funding for food stamps.

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https://www.sbmabenefits.com/wp-content/uploads/2020/07/hello-i-m-nik-6ivrz1SJeZM-unsplash-1-scaled.jpg 2560 2267 Amanda Rogers https://www.sbmabenefits.com/wp-content/uploads/2021/12/SBMA_Website-Logo_250x150.png Amanda Rogers2020-07-21 15:21:332021-11-30 08:07:29How Does the FFCRA Affect My Employee’s Coverage?

What You Need to Know about 2020 1094/1095 Filing

July 21, 2020/in ACA Compliance, COVID-19

Due to the Coronavirus outbreak, the IRS has pushed back the tax filing deadline to June 15, 2020, for individuals, but there have been no specific details into filing for 1094/1095. The only information they gave was that the 30-day extension that can be filed past March 2 can be extended an additional 30 days.

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https://www.sbmabenefits.com/wp-content/uploads/2020/07/file-cabinets-1370294-1-scaled.jpg 1709 2560 Amanda Rogers https://www.sbmabenefits.com/wp-content/uploads/2021/12/SBMA_Website-Logo_250x150.png Amanda Rogers2020-07-21 15:03:012021-11-29 17:46:32What You Need to Know about 2020 1094/1095 Filing

ACA Penalties May Affect Your Business

July 21, 2020/in ACA Compliance

Under the Affordable Care Act (ACA), large employers are required to offer health insurance to their employees. Despite everything going on, the IRS will continue issuing letters to large employers regarding penalties for years prior. Beginning in 2015, employers that do not meet the ACA standards can be assessed by a shared responsibility payment. Here are a few of the details behind the ACA health plan penalties and what that may mean for your business:

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https://www.sbmabenefits.com/wp-content/uploads/2020/07/Screen-Shot-2020-07-21-at-11.34.32-AM.png 711 1071 Amanda Rogers https://www.sbmabenefits.com/wp-content/uploads/2021/12/SBMA_Website-Logo_250x150.png Amanda Rogers2020-07-21 11:35:532021-11-29 15:37:46ACA Penalties May Affect Your Business

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LATEST NEWS IN ACA COMPLIANCE

  • 1094/1095 PCORI Compliance: What You Need to Know1094/1095 PCORI Compliance: What You Need to KnowJune 5, 2022 - 7:00 am
  • business owners need to stay updated on aca updates in 2022What Business Owners Should Know About ACA Benefits in 2022March 27, 2022 - 10:39 am
  • employees who miss open enrollment may be subject to a year without insurance unless they experience a qualifying eventWhat Happens if Your Employee Misses Open Enrollment?February 20, 2022 - 3:23 pm

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