Spotlight News at michbusiness.org

See the amazing savings in the sample case studies (based on single enrollments) when groups use the MBPA Medicaid/Healthy MI Plan Onsite Enrollment Service!

We send two types of letters to members about their taxpayer identification numbers, which usually are their Social Security numbers. One of the letters involves the Centers for Medicare & Medicaid Services Section 111. The other letter addresses the IRS Section 6055 reporting requirements.

We’ve changed the way the group bills display taxes and fees. Previously, certain federal and state taxes and fees were displayed separately from the premium, even though they have always been part of the total premium charged. As of the group’s 2016 renewal, group bills will no longer show these amounts separately.

On December 11, 2015, the Department of Health and Human Services and the Department of the Treasury posted guidance in the Federal Register for states interested in seeking a State Innovation Waiver under section 1332 of the Affordable Care Act.

In section II of the Form 1095-B Explanations, the reference to Part III in the second paragraph of the first answer is incorrect. The reference should be to Part IV.

To comply with an Affordable Care Act mandate, Blue Cross Blue Shield of Michigan and Blue Care Network are making changes to certain group high-deductible health plans that use aggregated deductibles and out-of-pocket maximum limits.

IRS has issued final 2015 forms for 1094-B, 1095-B, 1094-C and 1095-C.

We’ve changed the way the group bills display taxes and fees. Previously, certain federal and state taxes and fees were displayed separately from the premium, even though they have always been part of the total premium charged.

The Internal Revenue Service and Social Security Administration announced cost of living adjustments applicable to dollar limitations for qualified retirement plans, and other limits for tax year 2016.

The Internal Revenue Service announced in Revenue Procedure 2015-53  the annual inflation adjustments for more than 40 tax provisions for 2016, including the tax rate schedules, and other tax changes. This Revenue Procedure provides details about these annual adjustments.