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NEW Compliance Link Service for Internal Use
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Benefit Concepts introduced Compliance Link as your internal resource for direct access to attorneys at Marathas Barrow & Weatherhead, LLP (MBW). Send your Compliance questions to MBW at
[email protected]
. Be sure and visit the Compliance Link protocol prior to using this service, which replaces
Q/A at [email protected].
Login for Compliance Link Protocol
Access: !BCIsolutions!
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DIY1095 Software & Support Enhancements and Modifications
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Enhancements
DIY1095 added a status bar to the software to clarify the system is processing client data, printing forms, and so on. Depending on the size of the client, template uploads and generating forms may take several minutes. Please be patient and wait for the status bar (spinning wheel) to complete its task before trying to move on within the system.
Printing Process
DIY1095 created new efficiencies for printing 1094 and 1095 Forms. Once the user
elects to "Print Forms", a system generated notice will confirm receipt of the form information, produce forms in the background (versus real-time), and notify the user to download and print forms.
eFile Request
For large clients (250+) that intend to leverage DIY1095 to eFile, please notify MillisonJames and they will add your client to the list of eFiling clients.
Deadline for DIY1095 Notification is February 12, 2016 The actual IRS deadline is not until June for eFiling, but the mid-February date allows the DIY1095 Team to get everything set up for your group well in advance.
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2016 Presidential Campaign for Healthcare Proposals
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With the Presidential campaigns well underway, Mark Kennedy shares a chart developed by Peck Madigan Jones, which outlines the various healthcare proposals. The information was gathered from speeches, debates, and news articles that have been written about the campaigns. The charts will be updated and re-released, if and when the campaigns begin to give more details or thoughts.
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Texas Telehealth and Telemedicine Update
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Telehealth and telemedicine are a valuable resource for your clients. The TAHU state board and legislative team continue to advocate for its use. In response, the Public Health Committee included this topic on its interim hearing agenda.
TAHU hand delivered testimony from the general TAHU membership to Chairlady Crownover and members of the Committee. View the letter and comments from those who work on behalf of our industry.
TAHU Telemedicine Public Health Testimony
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Cadillac Tax Delayed to January 2020
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The U.S. President signed a budget bill delaying implementation of the Affordable Care Act's tax on high-value or "Cadillac" health plans.
Delayed from 2018, to January 1, 2020, the 40% excise tax on high-value health plans are currently set to impact family plan premiums (exceeding $27,500) and individual plan premiums (exceeding $10,200), and the tax will now be deductible.
Additionally, the budget bill funds the government through fiscal year 2016, summons the U.S. Comptroller General and the National Association of Insurance Commissioners to study the Affordable Care Act's age and gender benchmarks to determine the "Cadillac" tax thresholds.
Both sides of the administration support repealing the Cadillac Tax and the outcomes will be dependent on the next U.S. President and Administration.
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IRS Updated Guide for Retirement Plan Reporting & Disclosures
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On Jan. 27, 2016, the IRS published an updated version of Guide to Retirement Plan Reporting and Disclosure Requirements to provide a retirement plan sponsor guidance on IRS reporting, plan disclosures for employees, and the date each document must be filed or distributed.
IRS Retirement Plan Reporting and Disclosure Requirements
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Benefit Concepts, Inc.
Copyright © 2016. All Rights Reserved.
INTERNAL DISCLAIMER: This internal communication is produced by the knowledge resource team of Benefit Concepts to provide compliance consulting, publications, analysis, government relations, research, surveys, training and information management. Contact [email protected] for more information. This publication is for informational purposes only and does not constitute legal advice. Consult with legal, tax, and other advisers before applying this information to your specific situation. Additionally, this message contains confidential information and is intended for internal company use only. If you are not the intended recipient, you are hereby notified that disclosing, copying, distributing, or taking any action in reliance on the contents of this information is strictly prohibited. Employees and Licensed Agents of Benefit Concepts are expressly required not to infringe or use defamatory language regarding this communication or authorize any infringement of copyright or any other legal right in consideration of this email communication. Any such communication or action is contrary to company policy and outside the scope of the employment or compensation terms of the individual concerned. The company will not accept any liability in respect of such communication or action, and the Employee or Licensed Agent responsible will be personally liable for any damages or other liability arising. Employees or Licensed Agents who are aware of such breach must notify company management.
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