The Affordable Care Act (ACA) created new reporting requirements under Code Sections 6055 and 6056. Under these rules, certain employers must provide information to the IRS about the health plan coverage they offer (or do not offer) or provide to their employees.
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Recent Posts
2 min read
Important Dates & Final Forms for ACA Reporting
By admin on Oct 5, 2016 1:12:06 PM
1 min read
Health insurance helps you avoid tax penalties and save on health care costs.
By admin on Sep 26, 2016 1:47:43 PM
Health Insurance Marketplace Open Enrollment starting Nov. 1.
Make sure you are covered and avoid additional taxes. Contact your Cornerstone Group representative Lisa Smith at 248-641-3607 or email lsmith@cornerstonebenefits.com to learn more about the Health Insurance Marketplace.
1 min read
Open Enrollment and the Affordable Care Act
By admin on Sep 19, 2016 2:22:43 PM
It's that time of year again.... Open Enrollment!!!
In this video, we will explain the important changes to Open Enrollment due to the Affordable Care Act. Do you have questions regarding your Open Enrollment? Call The Cornerstone Group, your Health Care Reform expert.
1 min read
Premium Tax Credit Flow Chart
By admin on Sep 9, 2016 9:51:55 AM
The
premium tax credit can help make purchasing health insurance coverage more affordable for people with moderate incomes. Use this flow chart to help employees determine if they are eligible for the premium tax credit.
Do you have questions about the Affordable Care Act? Contact Cornerstone, your Health Care Reform Experts. (248) 641-2731
1 min read
Should Employees Be Allowed to Play Fantasy Sports at Work?
By admin on Aug 26, 2016 11:29:10 AM
Fantasy
sports have exploded in popularity over the past decade, with one of the most prevalent being fantasy football. Fantasy sports allow individuals to draft virtual teams of professional players and compete against other players in their leagues.
More than 56 million Americans play fantasy football—37 million of which are employed full time. Studies estimate that fantasy football costs more than $16 billion in lost productivity each year. This figure assumes that players spend one hour a week at work managing their teams over the course of the 17-week football season.
1 min read
How is Pokémon Go affecting the workplace?
By admin on Aug 11, 2016 2:06:21 PM
Given
its popularity, it should be no surprise that some employees are playing Pokémon Go at work. This distraction could affect productivity and cause some employees to be less engaged in their work. Employers can mitigate Pokémon Go distractions by taking the following steps...
Click here to view the "following steps"
1 min read
Emergency Room or Urgent Care?
By admin on Aug 2, 2016 3:44:40 PM
If
you're faced with a sudden illness or injury, making an informed choice on where to seek medical care is crucial to your personal and financial well-being.
Click here to learn the difference between emergency rooms and urgent care centers.
1 min read
Significant Changes Proposed to Form 5500
By admin on Jul 28, 2016 2:37:44 PM
On July 21, 2016, a proposed
rule was published by federal regulators that seeks to modernize and improve the Form 5500 annual return/report that is filed by employee benefit plans. In general, the changes are expected to apply for plan years beginning on or after Jan. 1, 2019.
2 min read
DRAFT FORMS FOR 2016 ACA REPORTING RELEASED
By admin on Jul 14, 2016 3:47:16 PM
The IRS has released 2016
draft forms for reporting under Internal Revenue Code (Code) Sections 6055 and 6056. Draft or final instructions for the 2016 forms have not yet been released.
Health Costs Explained
By admin on Jul 8, 2016 11:17:41 AM
Health Costs Explained