Many employers have wondered, since they haven’t heard anything about those 1094/5 forms, if the IRS had decided not to follow up on the mandate.
Great article byLoretta Metzger, Employee Benefit Advisor, 3/13/17
As the cost of healthcare zooms upward, many employers are shifting to high-deductible health plans, which include a lower monthly premium and, as the name implies, a higher deductible. In 2016, 29% of all insured employees were enrolled in HDHPs — an increase of 9% since 2014, according to Kaiser Family Foundation. Often, employers offer health savings accounts along with HDHPs to enable employees to save money tax-free for medical expenses.
“If you have at least 50 full-time employees, including full-time equivalent employees, on average during the prior year, your organization is an ALE…. If your workforce exceeds 50 full-time employees for 120 days or fewer during a calendar year, and the employees in excess of 50 during that period were seasonal workers, your organization is not considered an ALE. For this purpose, a seasonal worker is an employee who performs labor or services on a seasonal basis.”
Internal Revenue Service [IRS]