Member Value – Broker Updates

Broker Updates

MassAHU is invested in providing our members the most up to date, accurate and broker specific education and practical advice with regard to health care reform and the changing landscape of today’s employee benefits marketplace for our members. The MassAHU chapter of NAHU continues to engage the professional services of Rick Szczebak, Esq. with Parker Brown Macaulay & Sheerin for our members. MassAHU will be posting a summary publication provided by Attorney Szczebak on a monthly basis, which is accessible to members only. Please log in to access these Broker Updates.


January 2018 – NEW FOR THE NEW 2018 YEAR – EMAC GUIDANCE AND THE TAX CUTS AND JOBS ACT – PLUS ACA REPORTING RELIEF  Health plan related compliance requirements continue for 2018.  The Massachusetts Employer Medical Assistance Contribution Supplement (EMAC Supplement) is now in effect.  This has been on the radar screen since early last year.  In addition, there are changes in the taxation of certain fringe benefits as a result of the federal Tax Cuts and Jobs Act (TCJA), signed by President Trump late last month.  But there’s still more.  The IRS has announced an extension of the deadline to furnish Forms 1095 (B or C) to covered individuals.

ACA REPORTING RELIEF: FORM 1095 REPORTING TO COVERED INDIVIDUALS IS EXTENDED 30 DAYS – Yes, the IRS has issued an automatic, 30-day extension for applicable large employers (ALEs) to furnish 2017 IRS Form 1095 (B and C) to covered individuals.  Employers are not required to do anything special to receive the extension as the extension is automatic for all ALEs.  As a result, for the 2017 calendar year reporting period, these Forms are now due to individuals on March 2, 2018, rather than January 31, 2018.

Sounds like a good deal, right?  Sort of.

This content is restricted to MassAHU members. If you are a member, please login. New users may register below.

Existing Users Log In
New User Registration
*Required field