Company Setup

6 05, 2016

Setup for a Company that is Part of a Larger Government Entity

2017-10-18T15:37:48+00:00 May 6th, 2016|0 Comments

KB14-033 If you are part of a larger government unit and are reporting on your entity you will need to associate yourself with the larger designated government entity. In doing so you will only be required to submit your information and the designated government entity will be required to include your totals in Part III [...]

2 05, 2016

Considerations if an Employee Declines Coverage (waives) for both a Monthly Measurement and a Lookback Measurement

2017-10-18T15:51:02+00:00 May 2nd, 2016|0 Comments

KB13-049 Q: We are on the monthly measurement method. A variable hour employee worked 130 hours in a month, we offered them coverage and they declined. Going forward, do we have to offer them coverage each time they work 130 hours in a month? A: No, an employer is credited with having made an offer [...]

2 05, 2016

Changing the Administrative Period of the Initial Measurement Period

2017-10-18T15:55:06+00:00 May 2nd, 2016|0 Comments

KB13-048 Q: I understand that initial measurement and standard measurement stability periods should be the same length in order to avoid gaps in coverage. However, with a 12 month stability period for both, I am struggling with the rule that the initial measurement and initial administrative period not exceeding 13 months. This leaves me with [...]

12 04, 2016

Use of a Monthly Lookback Method

2017-10-18T16:25:23+00:00 April 12th, 2016|0 Comments

KB14-065 Monthly Measurement– Employers can select a single month to look at the hours an employee works. If the employee worked 130 hours in the previous month, then they must be offered insurance no later than the first day after the next two months from when they hit 130 hours. If they accept the offer, [...]

23 07, 2015

Advantages of the Look-Back Measurement Method over the Monthly Measurement Method

2017-12-27T10:58:14+00:00 July 23rd, 2015|0 Comments

KB13-019 Are you worried that, if you use the look-back measurement method to determine employee eligibility for health care coverage, you may be obligated to offering some employees coverage in their stability period when their hours drop below 30 a week? Do not sweat stability periods. What they really represent is a catch-up period, had an employer used the monthly measurement [...]

23 07, 2015

FT Waiting Period vs the Non-Assessment Period

2017-10-20T10:09:04+00:00 July 23rd, 2015|0 Comments

KB13-018 The non-assessment period refers to a limited period during which an employer will not be subject to an assessable payment under IRC Section 4980H(a)(b). This relief is automatic and applies: For the three full calendar month period beginning with the first full calendar month in which an employee is first eligible for an offer [...]

23 07, 2015

Changing the Look-Back Measurement Period

2017-10-20T10:17:36+00:00 July 23rd, 2015|0 Comments

KB13-016 The IRS provided some flexibility in determining first-time eligibility starting in CY2015, knowing that employers would potentially change their look-back periods. Look-back measurement can be changed as long as the employer maintains the stability periods of the individual employees, whether that was determined from a standard or initial measurement period test. Employers have to [...]