- (1) The initial solicitation is made at the individual’s first enrollment (on or before December 31 of the year in which the account is opened or January 31 of the following year for accounts opened in the preceding December), or if already enrolled on September 17, 2015, the next open season;
- (2) The second solicitation is made at a reasonable time thereafter; and
- (3) The third solicitation is made by December 31 of the year following the initial solicitation.
An employer is not required to solicit a TIN from an individual whose coverage is terminated.Providing Statements to Individuals Covered under an Expatriate PlanEmployers providing self-insured coverage under an expatriate health plans renewed on or after July 1, 2015 may furnish statements to responsible individuals in electronic format unless the individual affirmatively refuses consent or requests a paper statement.Next StepsEmployers should familiarize themselves with the anticipated regulations because it generally follows the guidance provided in the 2015 final Instructions for Forms 1094 and 1095. Comments regarding the anticipated Section 6055 regulations may be submitted in writing on or before November 16, 2015. It is likely the anticipated Section 6055 regulations will go through proposed regulations and another round of comments prior to the final rules. Gallagher will continue to monitor this area for developments.Gallagher Benefit Services, through its compliance experts and consultants, will continue to monitor developments on healthcare reform legislation and regulation and will provide you with relevant updated information as it becomes available. In the interim, please contact your Gallagher Benefit Services Representative with any questions that you may have.The intent of this analysis is to provide general information regarding the provisions of current healthcare reform legislation and regulation. It does not necessarily fully address all your organization’s specific issues. It should not be construed as, nor is it intended to provide, legal advice. Your organization’s general counsel or an attorney who specializes in this practice area should address questions regarding specific issues.Reprint and thanks to our friends at Gallagher Benefit Services – click here