STRATEGIC PRIORITY: Government Performance and Financial Management
AGENDA DATE: February 26, 2025
COUNCIL DISTRICT(S): All
DEPARTMENT: Department of Human Resources
EXECUTIVE: Jack Ireland
______________________________________________________________________
SUBJECT
Title
Authorize approval of the Supplemental Agreement 2 with WEX Health Inc. (formerly Unify HR) to cover additional fees incurred when filing IRS Form 1095 due to increased employees and provision of reports for employees and retirees outside the State of Texas - Not to exceed $24,643.20, from $60,000.00 to $84,643.20 - Financing: Employee Benefits Fund
Body
BACKGROUND
The Patient Protection and Affordable Care Act 2010 HR3590, or Affordable Care Act (ACA) for short, requires employers with 50 or more full-time employees, including full-time equivalent employees, to issue annual coverage statements to members covered by the employer’s health plan (IRS Form 1095). The ACA also requires employers to file annual information to the Internal Revenue Service including what health plans were offered to employees and how much of the cost was shared by the employer.
The City of Dallas utilizes a third-party vendor to manage data collection, Internal Revenue Service (IRS) filing, and distribution of individual ACA reports to all active and terminated employees and retirees.
PRIOR ACTION/REVIEW (COUNCIL, BOARDS, COMMISSIONS)
This item has no prior action.
FISCAL INFORMATION
|
Fund |
FY 2025 |
FY 2026 |
Future Years |
|
Employee Benefits Fund |
$24,643.20 |
$0.00 |
$0.00 |
OWNER/EXECUTIVE
Wex Health Inc.
Melissa D. Smith, Chair/President/Chief Executive Officer