Michigan Business & Professional Association will be hosting a healthcare webinar focused on reviewing the forms and instructions for the health coverage reporting requirements under Code Sections 6055 and 6056 on June 30, 2015 at 9:30 AM -11:00 AM (Eastern) for an employer with 50 or more employees for 2015. In February 2015, the IRS […]
The IRS released Q&As on Reporting of Offers of Health Insurance Coverage by Employers (Code Section 6056). The Q&As include the following topics: [1] Basics of Employer Reporting: Questions 1-4; [2] Who is Required to Report: Questions 5-12; [3] Methods of Reporting: Questions 13-17; [4] How and When to Report […]
I have updated my Employer’s Guide to Health Savings Accounts (HSAs) to include the new 2016 contribution and coverage amounts. Since I first wrote this publication in 2004, I have been updating it every time there has been any changes. It explains every aspect of HSAs in fifty questions and answers. It also […]
IRS has issued Revenue Procedure 2015-30, which provides the 2016 cost-of-living contribution and coverage adjustments for HSAs, as required under Code Section 223(g). The family annual contribution limits and the annual out-of-pocket limits have all been increased for 2016. Annual HSA Contribution Amounts 2015 2016 Coverage Levels $3,350 $3,350 Individual […]
State-based exchanges can enroll groups through brokers, and directly through insurers, this year and next year. Some states may continue to make their small-group health insurance exchange programs manual operations until 2017. The Centers for Medicare & Medicaid Services (CMS) will require state-based exchanges to put Small Business Health Options Program (SHOP) exchange enrollment systems […]
Health care reform continues to bring major changes and challenges to the market, leaving several insurance carriers unstable. Blue Cross Blue Shield of Michigan and Blue Care Network invite agents to avoid this difficulty and expand their portfolios with our new stable of specialty benefits. Blue Cross Blue Shield of Michigan wants to make sure […]
Health Care Reform Conference Thursday, September 24th, 2015 8:00 am – 11:30 am New Venue! Oakland University, Oakland Center 2200 N. Squirrel Rd., Rochester Featuring Keynote Speaker: Matthew Rae Senior Policy Analyst, Health Care Marketplace Project Henry J. Kaiser Family Foundation Speak directly to Health Care Reform experts! Register today, space is limited. Tickets are […]
Blue Cross® Blue Shield® of Michigan and Blue Care Network has begun loading September 2015 reform and non-reform group renewal packages onto eBookshelf. All renewal packages should be available on eBookshelf by May 22, 2015. eBookshelf is available via Agent Secured Services, under Reporting, at www.bcbsm.com. If you have any questions regarding a […]
Criteria and Award Selection Process The Best and Brightest In Wellness® is an innovative initiative that recognizes and celebrates quality and excellence in health awareness. This unique program highlights companies, schools, faith-based groups, and organizations that promote a culture of wellness; and those that plan, implement, and evaluate efforts in employee wellness to make their […]
Self-funded groups need to file minimal essential coverage employee reports directly to the Internal Revenue Service. Insurance carriers cannot report this information to the IRS for self-funded groups. The chart below describes sections 6055 and 6056 reporting requirements for self-funded groups. For more information on IRS reporting requirements for underwritten groups, please see this […]
