About NEEBCo

New England Employee Benefits Company (NEEBCo) is a leading employee benefits and insurance firm that combines advanced technology and responsive, personalized service to provide tailored market analysis and custom funding solutions for employers and employees.

Recent News from NEEBCo

Medicare Part D Creditable Coverage Disclosure Notices Due

Under the Medicare Prescription Drug, Improvement and Modernization Act of 2003 (MMA), employers that offer prescription drug coverage on a group basis are required to provide annual notice to both employees/covered individuals and to the Centers for Medicare & Medicaid Services (CMS) regarding the “creditability” of the prescription coverage offered by the employer (whether or …

Final IRS Forms and Instructions Issued for 2015 Section 6055 and 6056 Reporting

On Sept. 17, 2015, the Internal Revenue Service (IRS) released final 2015 versions of the forms and instructions that employers will use to report under Sections 6055 and 6056.
1. Self insured employers with less than 50 full-time equivalents will use Form 1094-B and Form 1095-B (and related instructions) to report under Section 6055.
2. …

Important Reporting Requirements for Employers that offer Health Reimbursement Arrangements (HRAs)

According to recent draft instructions for Form 1094-B and 1095-B, employers (regardless of size) that offer HRAs will be required to complete Section 6055 reporting in 2016.
Previously, HRAs were widely believed to be considered “supplemental coverage” for which separate reporting was not required.
Prior IRS FAQ’s indicated that a HRA provided to employees in …