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MCG recognizes open enrollment season can be a hectic time however, it is important for employers to remember their COBRA responsibilities as the new plan year approaches. COBRA qualifiers still in their election period and current COBRA participants must be given the same open enrollment options as similarly situated active employees. If you have a third party handling your COBRA administration, they too must be informed of changes in plan offerings and rates. Here are a few tips to help your company stay on top…
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The IRS recently released the 1094-C/1095-C forms and instructions to be used for the 2017 Applicable Large Employer (ALE) reporting . While there are only minimal changes to the forms this year, there are indications that the IRS will be more strict in its enforcement of the reporting requirements and the penalties associated with the employer mandate. In addition, the IRS recently announced that it will reject individual tax returns if the taxpayer fails to indicate the health coverage status for all individuals included on…
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