Industry News

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New ACA Reporting Requirements

Effective as of 2015, the Affordable Care Act (“ACA”) has placed requirements on employers and insurance providers for filing new informational forms with the IRS and health plan participants. The new filing requirements will be an add-on to the year-end burden of issuing informational returns. The new informational forms include Forms 1095-B and 1095-C (with Learn More

Cyber Security Seminar March 19th

Talk about timing.  The world just witnessed the largest cyber attach in history as Anthem’s systems were penetrated, exposing 80 million people to identity theft.  Our next seminar, to be held at the Sarasota Yacht Club on March 19th, is a “can’t miss” seminar for anyone who uses a computer, tablet or smart phone. Our panel Learn More

Health Insurance Dates for Employers to Remember

Here are the dates your small business should keep in mind when it comes to small business health insurance:  November 2014 Transitional Reinsurance Program filing due November 15 is the deadline to electronically submit through www.Pay.gov the 2014 enrollment count and documentation and schedule reinsurance payments for the ACA Transitional Reinsurance Program. This annual fee for 2014 Learn More

Does the Employee Mandate apply to your business?

When the administration announced the mandate’s  final regulations in February, it pushed back enforcement for businesses with fewer than 100 employees until 2016, so long as those companies meet certain requirements. But there’s been no word of further delays for companies with 100 or more workers, and with just two months to go until 2015, these businesses probably Learn More

Exemptions from the Affordable Care Act

The Affordable Care Act (ACA) was designed to make sure everyone purchased minimum essential health insurance by March 31, 2014 and imposes a tax penalty for those who were required to purchase health insurance, but did not. Come tax time, most Americans will have to answer a simple yes or no question on their tax Learn More

New ACA Rules Relating to Cafeteria Plans

Under Notice 2014-55, the Internal Revenue Service (IRS) will now permit a cafeteria plan to allow an employee to revoke his election for coverage under the employer’s group health plan in order to purchase a qualified health plan offered through the Marketplace under the Affordable Care Act (ACA). The guidance applies to pre-tax elections other Learn More

Obamacare could be on U.S. Supreme Court docket

The U.S. Supreme Court will begin its new term October 6th and, once again, Obamacare could be on the docket. The justices have been asked to weigh in on whether the Affordable Care Act’s subsidies can go to any American, regardless of whether their state runs a health insurance exchange or relies on the federal Learn More

IRS Update – New Health Plan Elections

The Internal Revenue Service has issued Notice 2014-55 to permit new health plan elections in two situations where they were not previously allowed. Under section 125 of the Internal Revenue Code of 1986, as amended, an employer may allow an employee to change his or her pre-tax cafeteria plan election for health care if: ) Learn More

Time to get serious about ACA reporting requirements

At the end of August 2014, the IRS finally issued the proposed instructions for the reporting forms, and even today the IRS issued updated questions and answers regarding the reporting rules. While those rules remain somewhat in flux, there is no time to waste because beginning January 2015, you will need to have the systems Learn More

Common questions (and answers) about the Affordable Care Act law

Some aspects of the Affordable Care Act law remain very confusing, and others are still not completely settled. But not all concerns are so complicated to resolve. We have collected several common questions, with their answers. And, if you have questions about how the Affordable Care Act will affect you, post a comment below, or Learn More

Get in Touch

Lawman Benefits Consulting, Inc

P.O. Box 1177
Osprey, FL 34229

Office: 941-966-2228

Direct: 941-661-4069

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