ERIC Submits Comments on Shared Responsibility

For Immediate Release

Washington, DC – 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 families.

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.

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All media inquiries to The ERISA Industry Committee should be directed to:

Kelly Broadway, 202.627.1918, kbroadway@eric.org

About the ERISA Industry Committee
ERIC helps America’s largest employers stay ahead of employee benefit policy. ERIC member companies are leaders in every sector of the economy, and we represent them in their capacity as sponsors of employee benefit plans for their own workforce. Only ERIC provides the combination of intel, expertise, collaboration, and lobbying that exclusively serves the interests of large employers who provide health, retirement, and compensation benefits to their nationwide workforce.