Supporting Organizations: Get Ready for the Expanded Schedule A to Form 990

If you are a supporting organization, completion of the Form 990 for 2014 may be more time consuming due to significant changes to Schedule A. Schedule A now has two new sections:  Part IV, Supporting Organizations, and Part V, Type III Non-Functionally Integrated 509(a)(3) Supporting Organizations. In addition, Part I, Reason for Public Charity Status (Line 11), has also been modified. These changes are summarized below. Part I If an organization is claiming public charity status as a supporting organization under Section 509(a)(3), it must check the box for Line 11 and indicate whether it is a Type I, II,. Read More.

Changes Coming to SBCs

Discussed in Cherry Bekaert Benefits Consulting’s (“CBBC”) newest Health & Benefits Update, “Changes Coming to SBCs” , the Departments of Health & Human Services, Labor and Treasury has proposed numerous changes to the health plan Summary of Benefits and Coverage and Uniform Glossary of Terms. The changes clarify many of the existing provisions included in the 2012 final rules and subsequent Frequently Asked Questions. Other revisions being considered include removing references to annual limits for essential health benefits, adding a third coverage example to show potential out-of-pocket costs for treating a foot fracture in an emergency room, and updating and adding new definitions to. Read More.

Expatriate Health Coverage & the ACA

Detailing the Affordable Care Act’s (ACA) treatment of expatriate health coverage, Cherry Bekaert Benefits Consulting (“CBBC”) has issued a Health & Benefits Update to guide self-funded or insured group health plans that may be affected by the ACA’s provisions. Entitled “Expatriate Health Coverage & the ACA”, the Update lists what the ACA considers an expatriate health plan, as well as defines expatriates for both inside and outside the U.S. Also covered are the ACA implications, such as expatriate health plans not being subject to annual and lifetime limits, essential health benefits, and the Summary of Benefits and Coverage requirements. For the complete Health & Benefits Update , visit. Read More.

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