Skip Navigation
Tuesday, December 11, 2018

Administrative and Policy Change Log

Here you will see a list of Admin and Policy changes.

26

Posting Date: November 26, 2018

Action required: Yes

What: All employers with the MERS Health Care Savings Program must complete and submit 1094-B and 1095-B forms to comply with IRS regulations relating to the Affordable Care Act.

Key Date(s): See below

Impacted audiences: All MERS Health Care Savings Program employers with terminated participants who are using their HCSP account for eligible medical-related purchases

Key information:

MERS' legal counsel has reviewed the Affordable Care Act (ACA) guidance and determined that the MERS Health Care Savings Program HCSP) may qualify as minimum essential coverage (MEC).

For the purposes of HCSP, MEC applies to individuals who have access to their HCSP account for reimbursements of medical expenses (generally, this means terminated or retired participants with a balance). Employers who sponsor such programs are required to file a 1094-B Transmittal of Health Coverage Information Returns form (one per municipality) and a copy of the completed 1095-B Health Coverage forms for each terminated employee with an HCSP account balance. Additionally, employers are required to provide the completed 1095-B form to the terminated employee. MERS will provide employers with the data needed to populate these forms in the Employer Portal in December.

If you have other programs similar to the MERS Health Care Savings Program, we recommend that you contact their other service provider(s) to ensure they are in compliance with this requirement.

Key Dates: 

January 31, 2019 – Deadline to provide a completed 1095-B form to terminated HCSP participants/beneficiaries with an account balance

February 28, 2019 (if filing by paper) or April 1, 2019 (if filing electronically) – Deadline to file completed 1094-B and 1095-B forms with the IRS

 

 

Resources available: Click to View

For more information, contact: The MERS Service Center at 800.767.MERS (6377)

MERS Facebook MERS TwitterMERS LinkedInMERS Youtube

Disclaimer
The information contained in this Web site is being made available as a public service. The information is not intended to constitute legal or investment advice, or to replace official versions of that information. Benefit Estimates or Service Credit Purchase estimates requested through this Web site are not official descriptions of any benefits, and do not represent a promise by MERS to provide any benefit(s) to any person(s). No one can detrimentally rely upon the information provided in, or requested through this Web site. MERS reserves the right to correct any errors, and presents this information without warranties, express or implied, regarding the information?s accuracy, timeliness or completeness. If you believe the information is inaccurate, out-of-date, or incomplete, or if you have problems accessing or reading the information, please call MERS at 800.767.MERS (6377).