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Updates on HCR Regulations Including W-2 Reporting

Oct 03, 2012

Update on health care reform regulations and exchanges

 

Updated guidance on W-2 Reporting

The Affordable Care Act (or health care reform law) requires employers to report the cost of employer-sponsored health benefits as a new, separate entry on employee W-2 forms. Updated guidance from the IRS gives new details about the rules of this provision, including:

As an employer, it's important they know what their responsibilities are to comply with the Affordable Care Act. That's why Anthem is giving them a revised fact sheet that explains what they need to know and do for the W-2 reporting provision. 

Update on release of regulations

Even though many regulations for parts of the Affordable Care Act have been released, Anthem is still waiting on guidance for some other key areas.

Anthem expected many of these regulations to be released this summer. However, since this is an election year, there may be delays in when the regulations will come out.

Here is a list of regulations that might be postponed and when they may be released:

Final Exchange certification form

The Department of Health and Human Services (HHS) issued the final "Blueprint for Approval of Affordable State-based and State Partnership Insurance Exchanges."

This document includes the rules and application for state-based or State Partnership Insurance Exchanges to be approved by HHS. 

States must send their completed Exchange Blueprint by November 16, 2012 explaining how their Exchanges will meet all rules and their readiness to operate Exchange activities. If they don't send their blueprint by the deadline, HHS will set up a federally run Exchange for that state.

Anthem will send more updates as the information becomes available.

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