Coordinated Benefits Company Coordinated Benefits Company
923 N. Plum Grove Road
Suite C
Schaumburg, Illinois 60173
(847) 605-8560
http://www.cbcco.com

Summer 2016

Changes Coming to the EEO-1 Report: Check Your Payroll Now

The Equal Employment Opportunity Commission, in coordination with the Department of Labor’s Office of Federal Contract Compliance Programs, has proposed changes to the Employer Information Report (EEO-1) affecting the 2017 reporting cycle. The proposal would require employers to report employee W-2 wage data and number of actual hours worked.
Read more
 

The Impact of Telemedicine on HSA Eligibility

One of the hottest benefit trends in 2016 is the adoption of free or low cost “telemedicine” programs to provide employees easy and affordable access to medical care. However, employers adopting these programs alongside high deductible health plans need to be sure that they do not inadvertently disqualify the covered employees from eligibility for a health savings account.
Read more
 

New FLSA Exemption Rules: Should You Take Advantage of the New Commission Provision?

After years of anticipation, the U.S Department of Labor has released the revised regulations affecting certain kinds of employees who may be treated as exempt from the federal Fair Labor Standards Act's overtime and minimum-wage requirements. If you currently consider any of your employees to be exempt “white collar” employees, you might have to make some sweeping changes.
Read more

Employer Exchange Appeals

Over the last few months, employers have been receiving notices from the Federal Health Insurance Marketplace/ Exchange regarding employees who applied for Exchange coverage and were determined eligible for a tax subsidy to defray part of the cost. Employers receiving an Exchange Notice should act immediately to determine whether an appeal is appropriate as the deadline for appealing notices issued in July is quickly approaching.
Read more
 

ACA Reporting Error Messages: Handling Missing and Incorrect TINs

One of the more troublesome issues for employers filing under the Affordable Care Act electronic returns system has been the “accepted with errors” and “AIRTN500” messages from the IRS, indicating an issue with a Social Security number or Taxpayer Identification Number listed on the Form 1095-C or 1095-B filed by the employer.
Read more
 

New ACA Reporting Guidance

Just as employers are settling down after a hectic and often frustrating year of Affordable Care Act reporting compliance, the IRS is gearing up for next year, and just released the 2016 draft forms and instructions. Employers should spend a few moments becoming familiar with the proposed changes and clarifications since early preparation is key to successful (and less stressful) reporting.
Read more