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Applicable Large Employers (ALEs) must file and furnish their ACA information to the IRS as required by the ACA’s Employer Shared Responsibility. As you prepare your ACA filings for the Tax Year reporting season, be sure to mark your calendar with these key ACA reporting dates to minimize the risk of receiving IRS penalties. And,

  ACA filing for the 2022 tax year is fast approaching. Any employers with employees located in Rhode Island should note that the Rhode Island Division of Taxation recently changed the filing deadlines related to state individual mandate reporting requirements. As a reminder, since 2020, the Rhode Island individual mandate (“RI Mandate”) has required Rhode

BENEFITSCAPE is a certified Ceridian Dayforce Partner. This status reflects the value BenefitScape brings to ACA reporting and compliance for thousands of employers across all HCM platforms. And for Ceridian Dayforce users, it means BenefitScape can provide additional services too. “We understand the Ceridian system, we know healthcare, and we make it work.” Kim Phillips

BenefitScape is proud to be an active and certified member of the Women’s Business Enterprise National Council (WBENC). Read here about the 25 year anniversary program of events. More info >

Earlier this spring, the IRS issued a proposed rule that would change the eligibility standards for an Affordable Care Act (ACA) premium tax credit (PTC) based on the affordability of health plan coverage for family members of employees who are offered coverage by their employers. The proposed rule is designed to provide greater access to

Natick, MA, May 17, 2022 —BenefitScape, a women-owned leader in Affordable Care Act (ACA) compliance, today announced it has been recertified as a Women-Owned Enterprise (WBE) by the Women’s Business Enterprise National Council (WBENC). The certification is awarded to companies that are more than 51 percent owned, controlled, operated, and managed by a woman or

The IRS has issued REG-109128-21, which: — Extends the due date to March 2, 2022, for the TY2021 IRS Form 1095-B/C to be sent to employees (was previously January 31, 2022). — Confirms that the due date for filing the 1095 Forms with the IRS remains the same: ○ February 28, 2022 (if filing paper

More employers are considering imposing a premium surcharge on employees participating in the company's health plan who are not vaccinated for COVID-19. Whether set as rewards or penalties, wellness program incentives have become popular for encouraging behaviors believed to be healthy and reducing health plan costs. For many years, tobacco users have faced health plan

The IRS has proposed regulations requiring a digital only electronic filing requirement for ACA Compliance, in effect replacing paper filing options for most Applicable Large Employers (ALE’s). Previously ALE’s with fewer that 250 forms could file with paper. The new regulations (if adopted) require employers to aggregate all forms they file to the IRS, (W2, 1099

 Problem Statement: In addition to IRS filing to IRSAIR, organizations also must file with CA,NJ, RI and DC, if they have employees in these states. Each state has different requirements for file processing, obtaining credentials, error correction etc. Understanding and implementing these requirements can be time consuming and error prone.  The Solution: ORACLE has a

More good news for employees to obtain affordable Health Insurance The Internal Revenue Service (IRS) provided two additional codes from Code Series 1 to be used on Form 1095 for ICHRA Reporting on line 14. This is used for reporting offers of individual coverage HRAs (ICHRAs) under Section 6056. These codes were previously reserved (unused) on

BenefitScape is a Ceridian implementation partner for Dayforce with certified consultants specializing in Employee Benefits. We participated in the Partner Zone, which showcases our Ceridian related services, highlighted in this video.

Who is subject to this reporting requirement? An employer or other sponsor of an employment-based health plan that offers employment-based minimum essential coverage to any resident of Rhode Island. So essentially any company that provides healthcare coverage through Rhode Island residents will be required to file. The good news is that the state is being very flexible

As TY2020 ACA Compliance and Reporting deadlines are fast approaching, refer to BenefitScape's Back to ACA Basics to brush up on the upcoming compliance process! Today we'll be reviewing Forms 1095-C and 1094-C:  Per the ACA Employer Mandate, Applicable Large Employers (ALEs) must offer Minimum Essential Coverage (MEC) to at least 95% of their full-time

The IRS has issued Notice 2020-76 extending the due date for the 2020 1095-B and 1095-C forms to be sent to employees from January 31, 2021 until March 2, 2021. However, the Notice also confirms that the due date for filing those same 1095 Forms with the IRS remains the same: February 28, 2021 if filing paper

The IRS has recently begun issuing and re-sending Letters 5699 for Tax Year 2018 for non-filers. Their Enforcement Office located in Ogden, UT was temporarily closed in March 2020 in response to the COVID-19 state stay-at-home orders. The office was originally scheduled to reopen on July 15th but recently reopened in late August.  IRS Letters:

We've previously blogged about the updated Forms 1094-B/C and 1095-B/C for TY2020, and now we're pleased to share some further insight into some of the changes made on this years' forms, specifically surrounding Individual Coverage Health Reimbursement Arrangement (ICHRA) compliance. There are several big changes: New data fields on Form 1095-C to include an individual’s zip code

As COVID-19 severely affects various industries such as hospitality and food service, your organization may be experiencing mass furloughs and layoffs to protect your business. As you and your team work through these changes, ACA Compliance and Reporting may top be top of mind, but we're here to help you with these efforts to avoid

COVID-19 has caused a great deal of uncertainty and confusion across many sectors as the situation continues to evolve and introduce new challenges. Given the unprecedented nature of the current situation, there is no playbook for risk and compliance management. BenefitScape is prepared to assist your organization with navigating this situation to ensure complete ACA Compliance

The IRS has recently posted an announcement on their website, saying all mailing and correspondence including responding to Employer Shared Responsibilty Payment (ESRP) was postponed until after July 15th, 2020. Translation: BenefitScape recommends that Employers should begin to gear up for IRS ACA Penalty Notices.  Who is affected?  Under the ACA Employer Mandate, Applicable Large Employers (ALEs) must

Important news! On July 13, 2020, the IRS released its draft TY2020 Forms 1095-C and 1094-C with some significant changes. Read about these changes here!

The IRS recently updated their indexing adjustments for certain provisions under IRC Section 36B in Revenue Procedure 2020-36. There are two important updates for your review.