Regulation

NRA: Restaurants need flexibility in healthcare reporting requirements

National Restaurant AssociationThe National Restaurant Association said last week that a more streamlined reporting process for employer-sponsored healthcare plans would minimize the chance of employees being forced to repay tax credits for which their eligibility was inaccurately determined.

The NRA is part of the Employers for Flexibility in Health Care Coalition—or E-FLEX—that seeks to improve flexibility for employers as Obamacare is implemented. The coalition submitted comments to the IRS about the agency’s proposed regulation on reporting requirements for employer-sponsored healthcare plans.

“The E-Flex Coalition believes a less expansive approach to information reporting can achieve the same ends with fewer burdens to the IRS and employers who voluntarily provide health coverage without giving rise to any adverse effects for individuals,” E-FLEX members said. “Utilizing a certification method is a reasonable approach that could be used as the basis for a simplified reporting process that could benefit employers of all sizes and structures.”

The proposed regulations detail what kind of information large employers would be required to file beginning in 2016 regarding healthcare coverage offered in 2015. Section 6056 of the Internal Revenue Code requires large employers to provide a list of full-time employees, monthly coverage offered to each and the cost of self-only coverage.

“The E-Flex Coalition does not see the collection on data on every employee and their dependents covered in an employer-sponsored plan as intrinsically improving the administration of the ACA’s premium tax credits and employer tax penalties,” the coalition said.

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