Thursday, September 18, 2014

Unraveling upcoming IRS rules on Obamacare

By Tim Gould


Next year promises to be a busy year for healthcare reform compliance — so the IRS has already begun issuing sample documents and rule changes for employers. Here’s what HR pros need to know.  

First, the IRS issued draft forms for employers — with insured and self-insured plans that are subject to the Affordable Care Act’s employer mandate — which must be used to verify their compliance.

The filing for these forms is made on the basis of the calendar year — regardless of the type of year on which a firm administers its plan. The first due date for this form is early 2016 and that data will be based on the 2015 calendar year.

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