Agents

IRS Code 6055 requires sponsors of self-funded health plans to file reports with the IRS to verify whether an individual had minimum essential coverage during a given calendar year to satisfy the individual mandate. IRS Code 6056 requires an applicable large employer to file reports with the IRS to verify whether it offered minimum value and affordable coverage to full-time employees and their dependents in a given calendar year to satisfy the employer mandate.

The Internal Revenue Service (IRS) has released draft reporting forms that employers will use to report the health coverage they offer their employees.

The final regulations of the 90-day waiting-period limitation of the Affordable Care Act clarify how the waiting period will coincide with any employment-based orientation period.

The Supreme Court has found the Patient Protection and Affordable Care Act (PPACA), also known as Health Care Reform, to be constitutional largely as passed.

A recent report issued by accounting and consulting firm PWC shows that the number of employer groups self-funding their health benefit plans has increased by 20% from 2008 to 2010.