Small Business Health Care Tax Credit: Frequently Asked Questions |
| IRS information and resources |
| Initially, the IRS outlined rules for the tax credit in Notice 2010-44. A follow-up document, Notice 2010-82, explained transition relief related to the rules for a qualifying arrangement and provided more details about the requirements. For example, Notice 2010-82 clarifies how an employer that offers more than one plan determines whether its contribution amount meets the threshold for a qualifying arrangement. The IRS has released several additional items related to the tax credit, including: |
| Three Simple Steps Fact Sheet – http://www.irs.gov/pub/irs-utl/3_simple_steps.pdf |
| Frequently Asked Questions – http://www.irs.gov/newsroom/article/0,,id=220839,00.html |
| YouTube Video – http://www.youtube.com/watch?v=85i1kzIG57k |
| Link to IRS Form 8941 – http://www.irs.gov/pub/irs-pdf/f8941.pdf |
| Patient Protection and Affordable Care Act (PPACA). |
| Determine how to implement the required 30-day enrollment period applicable to adult children up to the age of 26. Be sure notice of such enrollment right is provided in the appropriate manner to plan participants. |
| – A model notice can be found at www.dol.gov/ebsa/dependentsmodelnotice.doc. |
| If coverage of any participant was previously terminated due to imposition of a lifetime maximum, determine how to implement the required 30-day re-enrollment period and provide the required notice of such re-enrollment right. |
| – A model notice can be found at www.dol.gov/ebsa/lifetimelimitsmodelnotice.doc. |
| If any of the health benefit plan options offered will be grandfathered, be sure that all open enrollment communications and other materials describing benefits offered under these grandfathered options contain the required disclosure regarding grandfathered status. |
| – A model disclosure can be found at www.dol.gov/ebsa/grandfatherregmodelnotice.doc. |
| For self-insured plans, carefully review and analyze current claims and appeals procedures and determine whether changes are necessary or desirable to the procedures and/or to administrative services agreements in light of the new claims, appeals and external review requirements. |
| Model notices designed to comply with these new rules can be found at |
| – www.dol.gov/ebsa/IABDModelNotice1.doc; |
| – www.dol.gov/ebsa/IABDModelNotice2.doc; |
| – www.dol.gov/ebsa/IABDModelNotice3.doc. |
| Determine whether disclosures regarding new patient protections are required. |
| These disclosures can be found at www.dol.gov/ebsa/patientprotectionmodelnotice.doc. |
| Government Sites: | |
| Centers for Medicare & Medicaid Services | https://www.cms.gov/ |
| Medicare.gov | http://www.medicare.gov/default.aspx |
| U.S. Department of Labor | http://www.dol.gov/index.htm |
| U.S. Department of Health & Human Services | http://www.hhs.gov/ |
| U.S. Employee Benefits Security Administration | http://www.dol.gov/ebsa/consumer_info_health.html |
| Employer Topic Sites: | |
| Disability Can Happen | http://www.disabilitycanhappen.org/employer/default.asp |
| Employee Benefit News | http://ebn.benefitnews.com/ |
| U.S. Department of Labor | http://www.dol.gov/index.htm |
| U.S. Department of Health & Human Services | http://www.hhs.gov/ |
| Wellness Council of America | http://www.welcoa.org/ |
| General Health and Wellness Topics: | |
| General Information | http://www.webmd.com/ |
| AIDS/HIV | http://www.thebody.com |
| American Cancer Society | http://www.cancer.org |
| American College of Sports Medicine | http://www.acsm.org |
| American Diabetes Association | http://www.diabetes.org |
| American Heart Association | http://www.americanheart.org |
| Anxiety Disorders | http://www.nimh.nih.gov/ |
| Asthma | http://my.webmd.com |
| Centers for Disease Control and Prevention | http://www.cdc.gov |
| Chemical Dependency | http://www.addictionrecov.org/cdwhat.htm |
| Children’s Health Issues | http://www.kidshealth.org/ |
| Disabilities Can Happen | http://www.disabilitycanhappen.org/ |
| Domestic Violence | http://www.nrcdv.org/ |
| Drug Abuse | http://www.drugabuse.gov/ |
| Fitness & Exercise | http://www.fitnessexplosion.com/ |
| Hypertension /High Blood Pressure | http://heart.healthcentersonline.com/bloodpressure/ |
| Kidney Health | http://www.kidney.org/ |
| LIFE a Non-Profit Organization (Life & Health Insurance Foundation for Education) | http://lifehappens.org/welcome-consumers |
| Men’s Health Issues | http://www-hsl.mcmaster.ca/tomflem/menshealth.html |
| National Institutes of Health | http://www.nih.gov |
| RealAge – Live Life to the Youngest | http://www.realage.com/ |
| Stop Smoking | http://www.smokefree.gov/guide/ |
| Women’s Health Issues | http://www.4woman.gov/ |