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The IRS recently issued Notice 2020- 76 to:
only have to provide Form 1095-B to covered individuals upon request.
The due date for filing forms with the IRS for 2020 remains March 1, 2021 (since Feb. 28, 2021, is a Sunday), or March 31, 2021, if filing electronically.
The IRS is encouraging reporting entities to furnish 2020 statements as soon as they are able. No request or other documentation is required to take advantage of the extended deadline.
Each year, the Kaiser Family Foundation and the Health Research & Educational Trust conduct a survey to examine employer-sponsored health benefits trends. Request a full summary from Employers Select Insurance Services for more details.
The following were the most common plan types in 2020:
The average premium rose 4% for both single and family coverage over the past year—around $7,470 and $21,342 respectively.
Workers contributed $1,243 and $5,588 toward their premiums for single and family coverage, respectively.
Self-funded plan enrollment increased over the past year, with 23% of workers with small employers enrolled in either a partially or entirely self-funded plan, compared to 84% of workers with large employers.
Contact us for more information on benefits offerings or what you can do to control your health care costs.