IRS provides details on employers’ healthcare insurance reform reporting requirements

Wednesday, April 30, 2014

IRS provides details on employers’ healthcare insurance reform reporting requirements

By Jessica Webb-Ayer, JD, Legal Editor

When it comes to healthcare insurance reform, the employer responsibility section (also commonly referred to as the “play or pay” provision) has received a lot of attention from the media and employers. However, employers also need to be aware of another related provision—the employer and insurer reporting requirements found in Internal Revenue Code Sections 6055 and 6056. The IRS recently released final regulations clarifying these reporting requirements.

 

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