From: Stember, Mark KT Fee Chart From the KT Health and Welfare Team: The IRS PCOR Fee and the HHS Transitional Reinsurance Fee are similar in nature, but they have many important differences. For employer group health plans, KT has created an easy to read and apply chart that compares the two fees. [...]
Introduction A “business associate” is a person or entity, other than a member of the workforce of a covered entity, who performs functions or activities on behalf of, or provides certain services to, a covered entity that involve access by the business associate to protected health information. A “business associate” also is a subcontractor that [...]
From the KT Health and Welfare Team: Today, the DOL, Treasury and CMS issued a request for information regarding stop loss insurance. Self-insured employers sometimes purchase stop loss coverage to limit and spread-out risk. Neither self-insured employers, nor stop loss coverage, is subject to state insurance mandates. At the same time, some small employers are switching [...]
Issue Number: IR-2012-33 Inside This Issue IRS Encourages Small Employers to Check Out Small Business Health Care Tax Credit IRS YouTube Video Small Business Health Care Tax Credit: English | Spanish WASHINGTON — With business tax-filing deadlines fast approaching, the Internal Revenue Service today encouraged small employers that provide health insurance coverage to their employees to [...]
Issue Number: IR-2012-27 Inside This Issue Payroll Tax Cut Extended to the End of 2012; Revised Payroll Tax Form Now Available to Employers WASHINGTON — The Internal Revenue Service today released revised Form 941 enabling employers to properly report the newly-extended payroll tax cut benefiting nearly 160 million workers. Under the Middle Class Tax Relief and [...]
Reporting is Voluntary for All Employers for 2011 and Small Employers for 2012 IR-2011-31, March 29, 2011 WASHINGTON — The Internal Revenue Service today issued interim guidance to employers on informational reporting on each employee’s annual Form W-2 of the cost of the health insurance coverage they sponsor for employees. The IRS is also requesting [...]
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