At Creative Benefits, helping employers with Affordable Care Act (ACA) reporting is a top priority. During these early days of the ACA, employers have a steep learning curve. Creative Benefits consultants support clients as they learn how to comply with the new laws and help avoid common potholes. To that …
The Cadillac Tax: Coming in 2018
The “Cadillac Tax” refers to a provision in the Affordable Care Act (ACA) that levies a 40% excise tax on “Cadillac” health plans. Like the car they are named for, “Cadillac” plans are those that contain services and features that add to their cost. It’s been suggested this tax counter-balances …
Addressing the Needs of Our Clients: IRC Sections 6055 & 6056 Reporting Strategies
On Tuesday, June 16th, CEOs, CFOs and HR professionals filled the grand ballroom at Aronimink Golf Club seeking answers and guidance from the Creative Benefits Inc. Health Care Advisory Panel. Creative Benefits hosted it’s second workshop for to review the new requirements under Sections 6055 & 6056 of the Internal Revenue …
Is My Company Required to Complete 6055 or 6056 Reporting?
Preparation time is over: 2015 has arrived, and so too has the Affordable Care Act’s Employer Mandate. Employers must now be able to show they are following the requirements of the law, or pay the price. This has left many employers questioning what reporting the IRS requires of them, and …