SSG Insights | July 23rd, 2021
IRS Issues Draft Form 1095-C
The Internal Revenue Service (IRS) recently issued the 2021 Draft Form 1095-C, which is required to be filed with the IRS by applicable large employers (ALEs), to report the offer of health coverage to employees.
An ALE that offers an individual coverage health reimbursement arrangement (ICHRA) can now use two previously reserved codes in order to report offers of coverage.
The Impact of Biden's Competition Executive Order on the Health Care Industry
The American economy is finally recovering after more than a year of stagnation due to the COVID-19 pandemic. President Joe Biden’s administration wants to continue this momentum and further stimulate the economy. To help in that effort, President Biden recently signed an executive order aimed at increasing competition among businesses. This article explains the impact on the health care industry.
Why Starting Open Enrollment Early in 2021 is More Important Than Ever
Reports suggest that employees who put off job searches during the pandemic are likely to resume them in earnest this fall. Employers should recognize that they have a massive opportunity if they begin open enrollment efforts early in 2021. This article discusses why revamping benefit offerings can help demonstrate to employees they are valued and convince top performers who may be seeking a new job to remain.