Reporting Employer-Sponsored Health Coverage on 2024 Form W-2
If you issue 250 or more W-2s, remember you have to report in Box 12 DD the employee’s health insurance premium. Learn which coverages to include, how to calculate costs, and ensure compliance before the January 31 deadline.
Tips to Avoid Medicare Fraud
Wondering how to protect yourself from Medicare fraud? If you have Original Medicare, your doctor should not do the following:
◾ Charge you for most preventative services.
◾ Offer tests or other services that you do not need, especially if the doctor says that the more tests you receive, the cheaper they are.
◾ Routinely waive your coinsurance.
Reminders
If you returned durable medical equipment (DME), your supplier should not continue to charge Medicare for rental fees or maintenance.
Always confirm that you received the services listed on either your Medicare Summary Notice (MSN) or your Explanation of Benefits (EOB).
ACA Reporting Requirements Eased with Passage of Two Congressional Bills
President Biden has signed two bills easing ACA reporting requirements for employers. These new laws extend the ‘alternative method’ for Form 1095-C distribution, provide more time to respond to IRS inquiries, and introduce a statute of limitations on penalty assessments. Learn how these changes will simplify your ACA reporting process for the 2024 tax year and beyond.
Webinar: Preparing for the Upcoming ACA Reporting Season: What’s New & What to Know
The Affordable Care Act (ACA) reporting season for the 2024 taxable year is quickly approaching. Join us for our annual webinar focusing on the requirements of ACA reporting to ensure your organization is ready.
