There was never a dull moment in the world of employee benefits this year. Here’s a look back at key happenings via our most popular Word on Benefits blog posts of 2015. Below are the top six topics to remind you of the trials, challenges, twists and turns of 2015.
As anticipated, the Affordable Care Act (ACA) stole the show in 2015. Compliance details unfolded and reporting deadlines drew near . . . and deadlines changed. Inquiring minds wanted to know more about the details of all things ACA.
1. ACA Compliance—We’ve been waiting for clarification on many components of the Affordable Care Act (ACA). 2015 brought more direction on several issues.
2. ACA Reporting—Employers began to prepare for ACA reporting. Many questions surfaced. Word on Benefits answered. (Don’t worry if you still have reporting questions—Watch the January 7 webcast: Final Preparation for Filing the 1094/1095.)
3. ACA Cadillac Tax—As 2018 continued to grow near, concerns over the impending excise tax on high-value health plans intensified. The year came to a close with a gift to employers—a two-year delay of the Cadillac tax.
4. King v. Burwell—On June 25, 2015 the Supreme Court upheld ACA subsidies, ruling in favor of Burwell in King v Burwell.
Will 2016 bring as much excitement to our work days as 2015? Time will tell. Keep an eye on the Word on Benefits as the year unfolds.
Ann Godsell, CEBS
Social Business Strategist at the International Foundation