ACA Reporting
ACA Compliance Lessons Learned From Recent Reporting Seasons
Common themes emerge when reflecting on recent ACA reporting seasons that can help employers reduce administrative burdens and improve accuracy.
COBRA
Involuntary/Voluntary Termination Removed from CCS’ COBRA QEL Module
A termination reason no longer has to be indicated to launch a qualifying event letter.
The American Rescue Plan Act (ARPA) passed during the COVID pandemic created a 100% COBRA premium subsidy for certain individuals entitled to COBRA. To be eligible for the subsidy, the COBRA qualified beneficiary must have had a qualifying event that was a reduction in hours or involuntary termination of employment, elected COBRA, elected to be considered an assistance-eligible individual, and not been eligible for other group health coverage or Medicare.
The premium subsidy ended September 30, 2021 and after that date, plans were again permitted to collect the full COBRA premium amount for those who had been receiving the ARPA subsidy.
Cobra Control Services (CCS) had retained the involuntary termination/voluntary termination election designation screen in MyEnroll360’s qualifying event letter module in the event the designation had to be re-implemented at a future date. Since some time has passed without reimplementation, the designation screen has been removed. Employers will now select the “termination of employment” qualifying event option without designating the voluntary status of the event.
If you have questions about the qualifying event letter module in MyEnroll360, contact your account manager or info@cobracontrol.com.
Benefit Allocation Systems (BAS) provides online solutions for: Employee Benefits Enrollment; COBRA; Flexible Spending Accounts (FSAs); Health Reimbursement Accounts (HRAs); Leave of Absence Premium Billing (LOA); Affordable Care Act Record Keeping, Compliance & IRS Reporting (ACA); Group Insurance Premium Billing; Property & Casualty Premium Billing; and Payroll Integration.
MyEnroll360 integrates with major insurance carriers for enrollment eligibility management (e.g., Blue Cross, Blue Shield, Aetna, United Health Care, Kaiser, CIGNA and others), and with leading payroll platforms for enrollment deduction management (e.g., Workday, ADP, Paylocity, PayCor, UKG, and others).
This article is for informational purposes only and is not intended as legal, tax, or benefits advice. Readers should not rely on this information for taking (or not taking) any action relating to employment, compliance, or benefits. Always consult with a qualified professional before making decisions based on this content.