Employers who have 50 or more full-time employees, also known as applicable large employers (ALEs) should use Forms 1094-C and 1095-C to report offers and enrollments in health coverage by February 28, 2023, to the Internal Revenue Service (IRS), and by March 2 to employees.
News & Insights
The Affordable Care Act (ACA) requires employers who issued more than 250 Form W-2s in the prior year to report the cost of employer-sponsored health coverage in Box 12 of the 2022 form.
Effective January 1, 2023, Missouri’s minimum wage is $12 per hour for all employees working at private, non-exempt businesses. Employers must pay tipped employees, such as servers at restaurants, at least half of the minimum wage, or $6 per hour. If the tipped employee's total compensation,...
Missouri is among the latest states to legalize marijuana for recreational use. While Amendment 3 allows individuals over 21 to use marijuana outside of work hours, employers are still within their legal bounds to drug test or terminate employees found using it recreationally. However, when an...
As part of a year-end spending bill, lawmakers extended the pre-deductible designation of telehealth services through December 31, 2024, for calendar-year plans. The move extends the relief granted in the 2020 Coronavirus Aid, Relief and Economic Security (CARES) Act benefitting individuals...
In many cases, employees are unwilling to report harassment following inappropriate behavior from a coworker or supervisor, fearing retaliation or the intimidation ofreporting a claim to upper management. It is the responsibility of Human Resources to ensure proper training, education and policies...
Employers should be aware of the upcoming October 15 deadline for issuing a creditable or non-creditable coverage notice to their plan participants, including dependents and retirees, who are eligible for Medicare. The notice alerts Medicare-eligible participants how their prescription drug...
Since the COVID-19 public health crisis, telehealth visits have been on the rise. Telehealth refers to the practice of receiving health counseling virtually rather than in a provider’s office. While the convenience is appealing, some employees prefer in-person visits for the face-to-face contact....
The Consolidated Appropriations Act (CAA) signed into law on December 27, 2020, and the Transparency in Coverage Act (TiC), adopted November 12, 2020, contain a number of initiatives designed to improve health care cost transparency and patient protections. Below is a calendar of key 2022 and 2023...
The Internal Revenue Service (IRS) sets an annual affordability threshold that determines if an employer’s lowest premium health plan meets the requirements set bythe Affordable Care Act (ACA). The affordability threshold is used to determine employee-paid rates for the lowest-cost, self-only plan....