Health Care Reform – Wrapping Up 2016

Posted by Christopher K. Bao, Regulatory Compliance Manager on December 5, 2016 at 10:00 AM

benefits.jpgIn 2016, many employers anticipated significant changes or, at least, clarification on Health Care Reform.  For the most part, the feds made no substantial changes nor released any major clarification on requirements. However, employers were impacted by some minor developments in the law.  

The most notable developments included:

  • Paid sick leave was a huge trend, with many states and municipalities implementing legislation to increase the amount of paid time off.
  • The government further developed the Affordable Care Act’s non-discrimination goal, and helped provide paid sick leave to government contractors.
  • Many employers received their first Marketplace Notice, notifying them that an employee applied for and obtained a premium subsidy in the Marketplace.
  • The Employer Mandate fully kicked in and applied penalties to employers who offered unaffordable or no coverage to employees.
  • The government made slight modifications to the employer reporting requirements on Forms 1094-C and 1095-C, including removing many transition relief items offered to certain Applicable Large Employers in 2015.

Looking forward to 2017, much of the Health Care Reform legislation will be contingent upon the policy decisions of the new administration. As always, MMA will remain up to date on the latest information as it relates to employers. We will continue to share information with you as it becomes available. Stay tuned for future legislative seminars and webinars and look for updates in our Legislative Compliance Newsletter.

You can also learn more by downloading the Annual Employee Benefits Legislative Update which occurred in late October.

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Topics: Employee Benefits, Legislative Compliance

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