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Health and Welfare Plan Year-End Action Items

As 2015 draws to a close, there are several health and welfare plan action items to address for 2015 and early 2016. For non-calendar year plans, the specific timing for certain items described below may vary. Employer shared responsibility provisions under the Affordable Care Act (?Ç£ACA?Ç¥): Determine applicable large employer/applicable large employer member status for 2016. Determine whether any changes will be made to the measurement process for 2016, such as a change in method (e.g., monthly versus look-back), changes to period duration if the look-back measurement method is used, or other variations among permissible employee categories under the ACA?ÇÖs employer shared responsibility provisions. Update employer measurement policy as needed. Ensure minimum essential coverage will be offered to at least 95 percent of ACA full-time employees for each month during 2016 to avoid a potential Internal Revenue Code (?Ç£Code?Ç¥) Section 4980H(a) penalty (projected to be $2,160 per ACA full-time employee,… Continue Reading

December 2015
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