2013 PPACA Checklist - (Page 10)

As of January 1, 2013, certain employers must report the cost of health care coverage provided under an employer-sponsored group health plan on employees’ W-2 forms. This requirement became effective as of January 1, 2012, but was deferred by making the requirement optional for employee’s tax year 2011 W-2 forms. The requirement is now effective for employee tax year 2012 W-2 forms issued in 2013. The IRS has provided some additional relief to employers who issue fewer than 250 W-2 forms in the previous calendar year, as those employers do not have to report health care costs on Tax Year 2012 W-2 forms. Likely, employers that filed fewer than 250 W-2 forms in the previous calendar year will eventually be tasked with complying with this requirement once further notice is given by the IRS. More information can be found by searching W-2 Reporting Requirements at www.benefitmall.com. Expanded Authority to Bundle Payments Effective: No later than January 1, 2013 NOT applicable to small employers, but providers may be subject to this requirement. NOT applicable to large employers, but hospitals, doctors, and other providers may be subject to this requirement. Small Employers Large NOT applicable to individuals or the small group market. Employers Individuals Under this requirement, a Medicare pilot program will develop and evaluate making bundled payments, so that providers are paid a flat rate for an episode of care. 10 Published by BenefitMall® http://www.benefitmall.com

Table of Contents for the Digital Edition of 2013 PPACA Checklist

2013 PPACA Checklist
Contents
Accountable Care Organization (ACO)
Increased Federal Insurance Contributions Act (FICA) Withholding
Excise Tax on Medical Device Manufacturers
Health Flexible Savings Accounts
Loss of Deduction for Retiree Drug Subsidy
New Net Investment Income Tax
Employer W-2 Reporting Requirements
Increasing Medicaid Payments for Primary Care Doctors
Expanded Authority to Bundle Payments
Higher Income Threshold to Take Advantage of Itemized Deduction of Medical Expenses
Small Employer Tax Credits
Establishing Affordable Insurance Exchanges
Extension of the Children’s Health Insurance Program (CHIP)
Exchange Notification Requirement

2013 PPACA Checklist

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