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Reporting Update

As a service to member employers, the Trust takes care of several reporting requirements for you.

Medicare Part D Disclosure – This annual disclosure requirement to the Centers for Medicare and Medicaid Services (CMS) (which is required by employers that provide prescription drug coverage to individuals who are Medicare Part D-eligible) is being reported on your behalf by the Trust. This is not a new disclosure – the Trust has been reporting this information for our members since 2006 when this requirement was put into place.

W-2 Reporting of Medical/EAP Premiums – Employers with over 250 W-2’s should have reported the full medical and EAP premium amount on their employees W-2’s. The Online Billing “W-2 Reporting Premium” report can be ran in Excel for easy access, and no longer includes LEOFF 1 retirees. This is not a requirement for Trust employers who have under 250 W-2’s, as no further IRS guidance has been issued.

Reporting under IRC Section 6055 and 6056 – The Affordable Care Act requires that certain employers and all health insurance companies report information to covered employees and to the IRS on an annual basis. This reporting begins in 2016, for the 2015 calendar year. No further clarification has been issued. We will continue to update you as further information comes out. More