Benefits Buzz – October 2020

ACA Pay or Play Penalties Will Increase for 2021

For the 2021 calendar year, the adjusted $2,000 amount is $2,700, and the adjusted $3,000 amount is $4,060.

Pay or Play Penalties

Two separate penalties can apply under the employer shared responsibility rules—the Section 4980H(a) penalty and the Section 4980H(b) penalty.

Medicare Part D Notices Are Due Before Oct. 15, 2020

View and download the October 2020 Benefits Buzz Newsletter