Click here to access our coronavirus (COVID-19) resource center.

Draft 2015 ACA Reporting Instructions Require Reporting by Employers with HRAs

GCG Insights

Employers sponsoring HRAs should consider the impact of the draft instructions on their reporting obligations. Unless the IRS broadens its definition of “supplemental” coverage in the final instructions, employers should be prepared to report HRA coverage for all covered employees. At this time, the IRS has not indicated when final instructions for 2015 might be available. Read more below.

If you’d like to learn more about this topic, please contact us at https://gcgfinancial.com/contact/.

This article is provided by GCG Financial, LLC. It is to be used for informational purposes only and is not intended to replace the advice of an insurance professional. Visit us at https://gcgfinancial.com. © 2011-2014 Zywave, Inc. All rights reserved. This information is for general informational purposes only. While we have attempted to provide current, accurate and clearly expressed information, this information is provided “as is” and GCG makes no representations or warranties regarding its accuracy or completeness. The information provided should not be construed as legal or tax advice or as a recommendation of any kind. Users should seek professional advice from their own attorneys and tax and benefit plan advisors with respect to their individual circumstances and needs.

Top