News & Articles
Wondering if your company is subject to the Affordable Care Act? This webinar, presented by Benjamin Conley, gives an overview of employer responsibilities under the Affordable Care Act. This includes:
The Affordable Care Act (ACA) established a number of so-called "market reform" restrictions on employer-provided group health plans, starting with plan years beginning in 2014. These restrictions generally apply to all employer-provided group health plans -- including those furnished by small employers with less than 50 workers. Even worse, there's a punitive penalty for running afoul of the market reform restrictions. The penalty, under Internal Revenue Code Section 4980D(b)(1), equals $100 per-day per-employee, which can amount to up to $36,500 per-employee over the course of a full year. Yikes!
Just around the corner is an immediate deadline imposed by the Affordable Care Act (ACA), November 5, 2014. Fortunately that is not a difficult one to fulfill. The requirement is to get a "health plan identifier number," or HPID. Small plans -- those through which less than $5 million flows in a year, have a November 5, 2015 deadline. The requirement pertains to the government's desire to simplify HIPAA compliance monitoring. For that, you will need to consult with an accounting professional for details.
Two new court decisions reached opposite conclusions about whether individuals in states that do not operate their own health insurance exchanges are eligible for the premium assistance tax credit under the Affordable Care Act (ACA). Here is what you need to know about the controversy.
The reach of the Affordable Care Act (ACA) is not unlimited. The law itself creates exceptions from key requirements for certain benefits, referred to as "excepted" benefits. Keep reading to learn more information about new proposed regulations related to these exceptions as well as to learn about a new category known as "wraparound benefits."
The IRS recently issued proposed regulations fine-tuning the rules governing the healthcare tax credit available to certain small employers, beginning in 2014. The Affordable Care Act contains a credit of up to 50% of premiums for eligible employers. Keep reading to learn what the new proposed regulations add to the mix.