Kelly Broadway, 202.627.1918, email@example.com
For Immediate Release
ERIC Submits Comments on Shared Responsibility
WASHINGTON – The ERISA Industry Committee (ERIC) today submitted comments to the Internal Revenue Service (IRS) on proposed rules regarding reporting requirements for large employers that offer group health plans to employees and their familes.
ERIC is the only national association that advocates for large employers on health, retirement and compensation public policies at the federal, state and local levels. ERIC enhances the ability of its member companies to provide high-quality health care benefits to millions of active and retired employees, and their families.
The proposed rules govern how large employers must demonstrate to the IRS that they offer affordable health insurance to employees, or else employers must pay steep fines levied under the Affordable Care Act.
“ERIC members offer health insurance plans that cover millions of employees and their families, making it difficult for them, as plan sponsors, to keep up with ever-changing and ever-growing compliance and reporting requirements at the federal and state level. It is imperative that any new rules lessen the already enormous administrative burden large employers are under,” said James Gelfand, senior vice president of health policy, ERIC. “The IRS should craft the rules in a way that makes sense for plan sponsors, such as allowing quarterly solicitation of information from plan beneficiaries.”
To read ERIC’s comments to the IRS on Code section 6055 and 6056 reporting, click here.
About the ERISA Industry Committee
The ERISA Industry Committee (ERIC) is the only national trade association advocating solely for the employee benefit and compensation interests of the country's largest employers. ERIC supports the ability of its large employer members to tailor health, retirement and compensation benefits for millions of employees, retirees and their families. Learn more at eric.org.