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Over the past several months we have sent two HR Clinics that provide an overview of IRS Section 6055 and 6056 requirements. This month we elaborate on the administrative challenges of compiling the data that is required for reporting. If you need a copy of the previous HR Clinics on this topic please email [email protected] Read more →

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On Feb. 27, 2015, the Department of Health and Human Services (HHS) published its final Notice of Benefit and Payment Parameters for 2016. This final rule describes benefit and payment parameters applicable to the 2016 benefit year, including standards relating to: • The reinsurance program’s annual contribution rate for 2016; • The 2016 open enrollment Read more →

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The term PTO may not be familiar within every organization, but many are considering whether a new policy, shifting from the traditional accruals of vacation, sick and maybe even personal time off, may be a good option. PTO, or Paid Time Off takes all of the traditional accruals and puts them into a single block Read more →

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New reporting requirements under Internal Revenue Code Sections 6055 and 6056 will be used to enforce the individual mandate and employer mandate. Employers need their HR department, payroll department, payroll vendor, benefits broker/consultant and tax advisors to work together to discuss how each of their respective areas manage the information required to meet the reporting Read more →

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