BB&T Insurance Services, Inc., McGriff, Seibels & Williams, Inc., BB&T Insurance Services of California, Inc., and Precept Insurance Solutions, LLC

Health Care Reform News:  

December 22, 2017 – The Internal Revenue Service
Excerpt: “The IRS announced today that it has extended the 2018 due date for certain entities to provide 2017 health coverage information forms to individuals. Insurers, self-insuring employers, other coverage providers, and applicable large employers now have until March 2, 2018, to provide Forms 1095-B or 1095-C to individuals, which is a 30-day extension from the original due date of Jan. 31.”

December 22, 2017 – The Internal Revenue Service
Excerpt: “This notice extends the due date for certain 2017 information-reporting requirements for insurers, self-insuring employers, and certain other providers of minimum essential coverage under section 6055 of the Internal Revenue Code (Code) and for applicable large employers under section 6056 of the Code. Specifically, this notice extends the due date for furnishing to individuals the 2017 Form 1095-B, Health Coverage , and the 2017 Form 1095-C, Employer-Provided Health Insurance Offer and Coverage , from January 31, 2018, to March 2, 2018. This notice also extends good-faith transition relief from section 6721 and 6722 penalties to the 2017 information reporting requirements under sections 6055 and 6056.”

Please look for the next Benefits News Clips on Friday, January 5 th . Happy Holidays!

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