COMPLIANCE ALERT: High Priority
As you are all probably aware by now, the States of RI and MA have implemented mandatory health insurance requirements for residents over the age of 18 years old. The Laws of both States require employers to provide notices of minimum essential coverage to their employees and to report to the State Departments of Revenue and Taxation that they provided such coverage.
If you are a small employer (fewer than 50 employees on average) and have a fully insured health plan (not partially self-insured) then your carrier will have provided the notices to your employees and the State Division of Taxation. There is nothing further you need to do.
If you are a large employer (50+) or self-insured in RI or MA (or both) please review the following links to determine what your responsibility is and how best to report. Reporting should have been done by March 31, 2021 for 2020 health plans but it isn’t too late if you haven’t done it yet.
Rhode Island Employees: http://www.tax.ri.gov/healthcoveragemandate/
Massachusetts Employees: https://www.mass.gov/service-details/health-care-reform-for-employers
Massachusetts HIRD FAQ - https://www.mass.gov/info-details/health-insurance-responsibility-disclosure-hird-faqs
Please thoroughly review these links as they provide detailed information regarding what your responsibilities are as well as the forms required to be used in reporting. Let us know if you have any questions after reviewing them.