Last week, Representatives
Mike Thompson (D-CA) and Adrian Smith (R-NE) introduced H.R. 5318.
This bipartisan bill will provide much-needed relief for employers seeking
to comply with the reporting requirements under section 6055 and 6056 for
enforcement of the ACA's individual and employer mandates. NAHU has long sought
these reforms and we look forward to advancing this as a bipartisan solution to
address the challenges being faced under the health-reform law.
requirements were finalized in March 2014 by the Treasury Department and IRS,
and detail what health plan information all employers are required to report to
the federal government annually for enforcement of the ACA’s individual and
employer mandates. NAHU has repeatedly stressed concerns with these
requirements, particularly their confusing and complicated nature for
businesses of all sizes, and worked with legislators to develop a commonsense
solution to ease what has become an enormously expensive compliance
H.R. 5318 will
ease the compliance reporting requirements for employers offering health
insurance coverage to their employees. Specifically, the legislation
a new voluntary reporting system for employers to report to the IRS
information about their health plans. Exchanges will use the federal data
hub to access this data for individual verification for tax credits.
that employers report to the IRS only those employees (and/or their
dependents) who are not receiving healthcare from their employer, greatly
simplifying the requirement that all employees be reported.
that information that would be reported would include name and employer
identification, who has been extended an offer of minimum essential
coverage, whether coverage meets minimum value and the affordability safe
harbor, and months that coverage is available without waiting periods.
employers to deliver reports to employees electronically without another
the Government Accountability Office to conduct a study on the
notifications, HHS appeals process and the prospective reporting system.
HHS to review the most recent tax filing for individuals automatically
reenrolled in exchange-based coverage and adjust their tax credits
contact your senators and representative and urge them to cosponsor H.R. 5318 to ease employer reporting
requirements. Your clients can also send a direct message about why their
legislators should provide much-needed reforms to the employer reporting
requirements. Tell them to take