Employee Benefits Update Including PPACA
|
|
- Daniella Dorsey
- 8 years ago
- Views:
Transcription
1 Employee Benefits Update Including PPACA Christine Burke Worthen, Esq. Assistant General Counsel Eastern Maine Healthcare Systems Brewer, Maine
2 Recap: PPACA Provisions Already in Effect (2011 Plan Year) a. Coverage of adult children to age 26 (grandfathered starting 2014 even if other coverage available) b. OTC drugs require prescription for HRA/FSA/HSA reimbursement c. First dollar preventive care coverage (note ongoing changes: women s preventive care 2013) (not for grandfathered plans) d. Out-of-network emergency care coverage (not for grandfathered plans)
3 Recap: PPACA Provisions Already in Effect (2011 Plan Year) (cont d) e. Elimination of lifetime dollar limit f. Elimination of pre-existing condition limits for children under 19 g. Expansion of appeals rules (not for grandfathered plans) h. Limits on rescissions (i.e., retroactive cancellations) failure to pay premiums, fraud i. Restricted annual limits for essential health benefits
4 Grandfathered Health Plans a. What it means to be grandfathered b. What will cause loss of grandfathered status Cannot Significantly Cut or Reduce Benefits Cannot Raise Coinsurance Charges Cannot Significantly Raise Copayment Charges Cannot Significantly Raise Deductibles Cannot Significantly Lower Employer Contributions Cannot Add or Tighten an Annual Limit on What the Insurer Pays Cannot Change Insurance Companies
5 PPACA Provisions in Effect for 2013 W-2 Reporting Requirement Applies to employers that issued > 250 W- 2 s in 2011 (NOT on controlled group basis) Report on W-2 issued in January 2013, Box 12, Code DD Does NOT make benefit taxable informational only Applies to grandfathered plans Do not need to issue W-2 simply to report coverage (so can leave out COBRA participants and retirees)
6 PPACA Provisions in Effect for 2013 W-2 Reporting Requirement W-2 must show total cost of coverage includes employer AND employee contributions (whether pre or post tax) Include imputed income (e.g., for domestic partners) Fully insured - use premium; self-insured - value of COBRA premium (without 2% fee) Track what happens i.e., employee leaves, changes coverage, premiums increase, etc.
7 PPACA Provisions in Effect for 2013 W-2 Reporting Requirement Report value of employer-sponsored group health coverage Group health coverage includes: Medical coverage Dental and vision IF part of medical Employee Assistance Plan ( EAP ) if charge COBRA premium Wellness program if charge COBRA premium Employer flex credits/dollars
8 PPACA Provisions in Effect for 2013 W-2 Reporting Requirement Group health coverage does NOT include: Stand-alone dental and vision HRA/HSA/FSA STD/LTD/LTC Life insurance EAP and wellness if do not charge COBRA premium Workers compensation Accident insurance
9 PPACA Provisions in Effect for 2013 Health FSA Contributions Beginning in 2013, maximum Health FSA contributions via salary reduction are capped at $2,500 Applies on a plan year basis Carryovers under grace period will not count against $2,500 maximum Other accounts, such as dependent care FSA s, are not affected
10 PPACA Provisions in Effect for 2013 Health FSA Contributions May see relaxation of use it or lose it rule Amend plan by 2014 Limit does not apply to noncashable employer flex credits
11 PPACA Provisions in Effect for 2013 Summary of Benefits and Coverage Must provide to participants on first day of open enrollment period beginning on or after 9/23/2012 Does not take the place of an SPD DOL has template posted on website Provides summary of coverage, glossary, examples (pregnancy and chronic condition) Can provide electronically Fully insured insurer will provide
12 PPACA Provisions in Effect for 2013 FICA Medicare Tax Increase Additional FICA withholding applies to employee s share of wages greater than $200,000 Employer withholds an additional 0.9% (no employer match) If MFJ with combined wages greater than $250,000, couple owes the 0.9% tax (MFS wages greater than $125,000)
13 PPACA Provisions in Effect After 2013 Cadillac Tax Excise tax on high cost plans beginning in 2018 Tax equal to 40% of excess benefit Goal is to get insurers to offer plans that cost less than amount that triggers the tax Insurer pays tax if group health plan Employer pays tax if HSA/Archer MSA Plan administrator pays for all other plans
14 PPACA Provisions in Effect After 2013 Pay or Play Health coverage excise tax for employers with 50 or more full time employees - Effective 1/1/ Full time employee works 30 or more hours per week - Penalty exposure if employer does not offer certain health insurance to all full-time employees OR offers certain types of inappropriate insurance
15 PPACA Provisions in Effect After 2013 Pay or Play Full time employees IRS guidance issued re how to determine if full time Average 30 hours per week Variable hours IRS guidance for newly hired and ongoing employees Lookback/stability period safe harbors for ongoing
16 PPACA Provisions in Effect After 2013 Pay or Play Penalty Scenario #1: Penalty if fail to offer each full-time employee minimum essential coverage ( MEC ) (employersponsored group health plans in small/large market should be ok) that: Provides minimum value (i.e., plan s share of total allowed cost of benefits is at least 60%) AND Is affordable (employee premium for individual coverage must not exceed 9.5% of wages)
17 PPACA Provisions in Effect After 2013 Pay or Play Penalty Scenario #1: Penalty if offer MEC that is unaffordable or fails to provide minimum value: $250/month ($3,000/year) for each full time employee who receives premium credit or cost sharing reduction through exchange, capped at penalty that would be imposed if didn t offer coverage
18 PPACA Provisions in Effect After 2013 Pay or Play Penalty Scenario #2: Penalty for failure to offer minimum essential coverage If an employee receives premium credit or cost sharing reduction through exchange then monthly penalty equal to: number of full time employees in excess of 30 multiplied by $ ($2,000/year)
19 PPACA Provisions in Effect After 2013 Pay or Play Keep in mind: Only employees with household income up to 400% of FPL are eligible for premium credit/cost sharing reduction If employee enrolls in Mainecare, penalties do not apply
20 Tax Provisions (cont d) Small employer health insurance credit - Tax credit is provided for a qualified small employer for nonelective contributions to purchase health insurance for its employees - Eligible employer must have no more than 25 fulltime equivalents - Employer must cover 50% of the single rate of coverage - Average wages must be no more than $50,000 - In counting FTE s, exclude self-employed (partners, sole proprietors, 5% owners and 2% S-corporation shareholders - Credit is up to 35% of cost of premiums beginning in 2010 (increases to up to 50% in 2014)
The Impact on Business
The Impact on Business Affordable Care Act Reform addresses access to coverage not healthcare cost or population health ACA passed in 2010. The Supreme Court upheld ACA in 2012 and President Obama was
More informationHealth Care Reform: Health Plans Overview. Presented by: Brian Lenzo, Preferred Benefits Services
Health Care Reform: Health Plans Overview Presented by: Brian Lenzo, Preferred Benefits Services Agenda What is the legal status of the law? Which plans must comply? Grandfathered plans Reforms currently
More informationHealthcare Reform: Top 10 Issues for Employers
Healthcare Reform: Top 10 Issues for Employers presented by Thomas A. Walker (612) 604-6568 twalker@winthrop.com Are Companies Required to Provide Health Coverage to Employees? NO requirement to provide
More informationDefined Contribution Approach to Benefit Planning
Defined Contribution Approach to Benefit Planning 1 Sue Sieger, ACFCI, CAS Senior Compliance Consultant Employee Benefits Corporation sue.sieger@ebcflex.com The material provided in this webinar is by
More informationYour guide to health care reform provisions
Your guide to health care reform provisions February 2014 edition Since the Patient Protection and Affordable Care Act (PPACA) was enacted in March 2010, businesses have been impacted by federal health
More informationImportant Effective Dates for Employers and Health Plans
Brought to you by Krempa Associates, Inc. Important Effective Dates for Employers and Health Plans On March 23, 2010, President Obama signed the health care reform bill, or Affordable Care Act (ACA), into
More informationPrescribed Side Effects of the Patient Protection and Affordable Care Act (PPACA): Healthcare Reform Update
August 14, 2013 Presented by: Jay Hutto, CPA Prescribed Side Effects of the Patient Protection and Affordable Care Act (PPACA): Healthcare Reform Update Click HERE to listen to webinar. August 14, 2013
More informationHealth Reform in a Nutshell: What Small Businesses Need to Know Now.
Health Reform in a Nutshell: What Small Businesses Need to Know Now. With the passage of the most significant reform of America s modern-day health care system, many small business owners and human resources
More informationHealth Care Reform Planning for the Financial Impact on Businesses
October 13, 2010 Health Care Reform Planning for the Financial Impact on Businesses Joseph Kra, FSA, MAAA, New York Services provided by Health & Benefits LLC Agenda Future of Employer Sponsored Coverage
More informationImportant Effective Dates for Employers and Health Plans
Brought to you by Hipskind Seyfarth Risk Solutions Important Effective Dates for Employers and Health Plans On March 23, 2010, President Obama signed the health care reform bill, or Affordable Care Act
More informationKey Provisions of 2010 Healthcare Reform Legislation for Small (under 50) Employers. By Alice Eastman Helle. October 2013 Update
Key Provisions of 2010 Healthcare Reform Legislation for Small (under 50) Employers By Alice Eastman Helle October 2013 Update The sweeping healthcare reform legislation enacted in 2010 is exceedingly
More informationHealth Care Reform Management Alert Series Roadmap of Plan Changes Needed For Upcoming Plan Years
Health Care Reform Management Alert Series Roadmap of Plan Changes Needed For Upcoming Plan Years Seyfarth Shaw has generously given permission to Lawyers Alliance for New York to circulate this chart
More informationHealth Reform in a Nutshell: What Small Businesses Need to Know Now.
Health Reform in a Nutshell: What Small Businesses Need to Know Now. With the passage of the most significant reform of America s modern-day health care system, many small business owners and human resources
More informationImportant Effective Dates for Employers and Health Plans
Brought to you by Sullivan Benefits Important Effective Dates for Employers and Health Plans On March 23, 2010, President Obama signed the health care reform bill, or Affordable Care Act (ACA), into law.
More informationHealth care reform at-a-glance. August 2014
Health care reform at-a-glance August 2014 Employer mandate Shared responsibility payment for failing to offer coverage to at least 95%* of all fulltime employees (FTE) and children if any FTE gets subsidy
More informationHealthcare Reform: The Top 10 Issues for Employers
Healthcare Reform: The Top 10 Issues for Employers By Thomas A. Walker Winthrop & Weinstine, P.A. Healthcare reform became reality this spring when President Obama signed the Patient Protection and Affordable
More informationAnswers about. Health Care REFORM. for your business
Answers about Health Care REFORM for your business Since the time of its enactment in 2010, the health care reform law has remained controversial at least in part due to a constitutional challenge to the
More informationHealth Reform. Employer Penalty Delay: What are the Consequences? Impact of the Delay on Employers
Health Reform Employer Penalty Delay: What are the Consequences? Martin Haitz (484) 270-2575 martin.haitz@marcumfs.com Issued date: 07/29/13 The employer penalty provisions and two reporting requirements
More informationHealth Care Reform Frequently Asked Questions
Health Care Reform Frequently Asked Questions On March 23, 2010, President Obama signed federal health care reform into law, also known as the Patient Protection and Affordability Act. A second, or reconciliation
More informationHealth Care Reform: Answers for Employers
For Immediate Release: April 2010 Issue 2010 Volume 5 Contact: Lisa R. Nelson, Esq. (858) 875-3017 lisan@barneyandbarney.com Health Care Reform: Answers for Employers The Patient Protection and Affordable
More informationHealth care reform at-a-glance. December 2013
December 2013 Employer mandate Play or pay penalty for failing to offer coverage to at least 95% of all full-time employees (FTE) and children if any FTE gets subsidy in exchange $2,000 (indexed) times
More informationHealth Care Law Implementation: What Nonprofits Need to Know WELCOME!
Health Care Law Implementation: What Nonprofits Need to Know WELCOME! Health Care Law Implementation: What Nonprofits Need to Know (PPACA) Health Care Law Implementation: What Nonprofits Need to Know Heather
More informationHealth Care Reform Impacts Grandfathered Employer-Sponsored Group Health Plans: Now What?
April 2010 EMPLOYEE BENEFITS & EXECUTIVE COMPENSATION UPDATE Health Care Reform Impacts Grandfathered Employer-Sponsored Group Health Plans: Now What? This bulletin discusses certain provisions of The
More informationIRS Notice 2015-87: A Grab Bag of ACA, HRA and FSA Guidance
IRS Notice 2015-87: A Grab Bag of ACA, HRA and FSA Guidance CALLAN CARTER Please note: This article was updated on March 8, 2016 In a welcome set of Questions and Answers, IRS Notice 2015-87 (the Notice
More informationAffordable Care Act 101: What The Health Care Law Means for Small Employers
Affordable Care Act 101: What The Health Care Law Means for Small Employers These materials are provided for informational purposes only and are not intended as legal or tax advice. Readers should consult
More informationHealth Care Reform and Your Business
Health Care Reform and Your Business Timelines and Implications of the Law for Business Owners Updated as of January 2015 Health Care Reform and Your Business The Patient Protection and Affordable Care
More informationHealth Care Reform. Employer Action Overview
Health Care Reform Page 1 of 6 Health Care Reform Immediatemmediate Employer Action Required Notes Employers must provide a reasonable break time for employees who are nursing mothers to express breast
More informationAffordable Care Act 101: What The Health Care Law Means for Small Businesses
Affordable Care Act 101: What The Health Care Law Means for Small Businesses December 2013 These materials are provided for informational purposes only and are not intended as legal or tax advice. Readers
More informationNavigating the New Health Insurance Environment THE AFFORDABLE CARE ACT AND PROFESSIONAL EMPLOYER ORGANIZATIONS (PEOS)
Navigating the New Health Insurance Environment THE AFFORDABLE CARE ACT AND PROFESSIONAL EMPLOYER ORGANIZATIONS (PEOS) EXECUTIVE SUMMARY The recent health care overhaul affects how businesses administer
More informationABC Company 123 Main Street Anywhere, USA 12345 www.sampleabccompany.com 800.123.4567
WHAT HEALTH CARE REFORM MEANS FOR YOUR BUSINESS Your promotional imprint here and/or back cover. ABC Company 123 Main Street Anywhere, USA 12345 www.sampleabccompany.com 800.123.4567 The Patient Protection
More informationHealth Care Reform: A Guide for Self-Funded Plans. Key steps to prepare for 2014 Preparing for the future Snapshot of reform (2010-2019)
Health Care Reform: A Guide for Self-Funded Plans Key steps to prepare for 2014 Preparing for the future Snapshot of reform (2010-2019) Table of Contents Health Care Reform is Here: Are you ready? 3 Key
More informationEmployer s guide to health care reform requirements
Employer s guide to health care reform requirements June 2015 edition As the Affordable Care Act (ACA) continues to be implemented, you ll need to remain aware of the policies and provisions that affect
More informationNavigating the New Health Insurance Environment
Navigating the New Health Insurance Environment The Affordable Care Act and Professional Employer Organizations (PEOs) This white paper is an overview of eight building blocks of an effective small-business
More informationHealth Care Reform How it Will Affect Employers and their Group Health Plans. Benecon Comments and Observations
Health Care Reform How it Will Affect Employers and their Group Health Plans This Health Care Reform Summary applies to all employers (including government and church plans) that provide health coverage
More informationHealth Reimbursement Arrangements
Health Reimbursement Arrangements Health Reimbursement Arrangements (HRAs) are plans designed to help employers and employees lower health care costs. Allowed under sections 105 and 106 of the Internal
More informationIntroduction. Affordable Care Act Overview of Changes
Introduction Affordable Care Act Overview of Changes Presented by: Tim Dillingham, CLU Benefit Resource Group, Inc. 201 E Broad Street, Suite 1 Linden, MI 48451 810-735-6500 810-735-6610 (fax) tim@benefitresourcegroup.net
More information{PPACA: Update} Not for Profit December 11 & 12, 2013
{PPACA: Update} Not for Profit December 11 & 12, 2013 Agenda Plans that must comply Reforms currently in place 2013 compliance deadlines 2014 compliance deadlines Future compliance deadlines 2 Plans That
More informationAffordable Care Act 101: What The Health Care Law Means for Small Businesses
Affordable Care Act 101: What The Health Care Law Means for Small Businesses July 2013 These materials are provided for informational purposes only and are not intended as legal or tax advice. Readers
More informationHealth Care Reform: 2015 Refresher of the Affordable Care Act (ACA)
Health Care Reform: 2015 Refresher of the Affordable Care Act (ACA) Brought to you by Aon Presented by: Ryan Comstock & Shawna Brown This information is provided for informational purposes only and is
More informationHealth Care Reform Update. Spring 2014
Health Care Reform Update Spring 2014 Quincy Quinlan Texas Association of Counties 512 478 8753 quincyq@county.org http://www.county.org Today s Agenda Timeline Fees/Taxes Individual Mandate Marketplace
More informationAffordable Care Act (ACA) Frequently Asked Questions
Grandfathered policies Q1: What is grandfathered health plan coverage? A: The interim final rule on grandfathering under ACA generally defines grandfathered health plan coverage as coverage provided by
More informationHealthcare Reform Provisions Unique to Small Employers/Financial and Other Benefits Concerns for All Employers (updated May 2, 2014)
/Financial and Other Benefits Concerns for All Employers (updated May 2, 2014) Lisa L. Carlson, J.D., Area Senior Vice President, Compliance Counsel Gallagher Benefit Services, Inc. While most healthcare
More informationHealth Reform: A Guide for Employers
Updated with information on the Supreme Court health reform decision July 2012 Health Reform: A Guide for Employers Simple answers to health reform s complex issues facing every employer and what you can
More informationCOMPLIANCE ADVISOR. 2014 Affordable Care Act Compliance Checklist
COMPLIANCE ADVISOR August 2013 2014 Affordable Care Act Compliance Checklist IN THIS ISSUE: 1 2 3 4 5 6 7 8 9 10 11 12 Grandfathered Plan Status Confirmation No Annual Dollar Limits on Essential Health
More informationHealth Care Reform Frequently Asked Questions
Health Care Reform Frequently Asked Questions On March 23, 2010, President Obama signed federal health care reform into law, also known as the Patient Protection and Affordability Act. A second, or reconciliation
More informationHealth Care Reform: Ready or Not, Here it Comes! Presented by:
Broader Perspective. Business Solutions. Health Care Reform: Ready or Not, Here it Comes! Presented by: Ryan Fridborg, MAOD, SPHR Executive Vice President, Employee Benefits rfridborg@boltonco.com Marilyn
More informationWHAT HEALTH CARE REFORM
WHAT HEALTH CARE REFORM MEANS FOR YOUR BUSINESS Celebrating A Tradition our of Excellence 85th Year of Since Excellence 1924 2322 Tremont Drive Baton Rouge, LA 70809 225.928.4770 www.htbcpa.com 178 Del
More informationA Digital Insurance Health Care Reform Handbook for Employers
A Digital Insurance Health Care Reform Handbook for Employers Health care reform is complicated. Sifting through all the regulations and provisions can be time-consuming and confusing. That s why Digital
More informationIRS Proposes Rules for Federal Subsidy of Health Insurance Purchased in State Exchanges
IRS Proposes Rules for Federal Subsidy of Health Insurance Purchased in State Exchanges August 2011 The Internal Revenue Service (IRS) on August 12, 2011 issued proposed regulations relating to the federal
More informationAffordable Care Act 101: What The Health Care Law Means for Small Businesses February 2013
Affordable Care Act 101: What The Health Care Law Means for Small Businesses February 2013 These materials are provided for informational purposes only and are not intended as legal or tax advice. Readers
More informationFAQ. Affordable Care Act s Employer Mandate: Deciding Whether Your Organization Should Pay or Play FAQ
FAQ Affordable Care Act s Employer Mandate: Deciding Whether Your Organization Should Pay or Play Editor s Note: On April 17, 2013, WorldatWork hosted the second webinar of a three-part town-hall series
More informationInSight. A Littler Mendelson Report. Health Care Reform: Are You Prepared? A Timeline for Employers to Follow
A Littler Mendelson Report InSight An Analysis of Recent Developments & Trends In This Issue: April 2010 The Patient Protection and Affordable Care Act was signed into law on March 23, 2010. Amendments
More informationAffordable Care Act 101: What The Health Care Law Means for Small Businesses
Affordable Care Act 101: What The Health Care Law Means for Small Businesses December 2013 These materials are provided for informational purposes only and are not intended as legal or tax advice. Readers
More informationHealth Care Reform (HCR)
Health Care Reform Effects on the Wood County Employee Health Benefits Plan For Plan Year 2013 Employee Health Benefits Committee October 18, 2012 1 Health Care Reform (HCR) Affordable Care Act (ACA) The
More informationAffordable Care Act: What The Health Care Law Means for Small Businesses
Affordable Care Act: What The Health Care Law Means for Small Businesses August 2013 Indian Country Business Summit These materials are provided for informational purposes only and are not intended as
More informationThe Affordable Care Act: Summary of Employer Requirements
The Affordable Care Act: Summary of Employer Requirements July 2012 Discussion Outline Overview of the Affordable Care Act (ACA) Employer coverage requirements Employer reporting requirements Individual
More informationHealth Care Reform and Your Business
Health Care Reform and Your Business Timelines and Implications of the Law for Business Owners Updated as of December 2013 Health Care Reform and Your Business The Patient Protection and Affordable Care
More informationState and Federal Health Care Reform Update. Universal Health Care Foundation of Connecticut
State and Federal Health Care Reform Update Universal Health Care Foundation of Connecticut Linda Dahlmeyer, CPA Vice President for Finance and Administration ldahlmeyer@universalhealthct.org Jill Zorn,
More informationHealth Care Reform: General Q&A for Employees
From Baugher Financial & Associates, Inc. Health Care Reform: General Q&A for Employees Common questions answered I ve heard a lot about the health care reform law. When do the reforms become effective?
More informationHEALTH CARE REFORM FOR BUSINESSES
HEALTH CARE REFORM FOR BUSINESSES Grandfathered Health Plans. We will start with information on health plans that were in existence on March 23, 2010 (i.e., the enactment date of the Affordable Care Act).
More informationEffective dates for provisions of the PPACA are spread out from 2010 through 2018. This document focuses on 2013 and 2014.
As part of our ongoing initiative to provide added value to our customers, this health care reform summary is being provided on an information only basis. This is NOT a legal document and is not intended
More informationHealth Care Reform New Restrictions on Tax-Favored Health Coverage for HRAs, FSAs, Premium Payment or Reimbursement Plans, and Cafeteria Plans
Caring For Those Who Serve 1901 Chestnut Avenue Glenview, Illinois 60025-1604 1-800-851-2201 www.gbophb.org November 21, 2013 [updated July 29, 2015] Health Care Reform New Restrictions on Tax-Favored
More informationHealth Reform. Presented by USI Affinity
Health Reform Presented by USI Affinity USI Affinity Introduction USI Affinity has been working with Associations and their members for over 50 years. USI Affinity has offices in Philadelphia, Harrisburg,
More informationHealth Care Reform Group Health Plan Action Item Timeline
Health Care Reform Group Health Plan Action Item Timeline Effective Date Now Action Items If you have fewer than 26 FTEs, work with your Finance Department to evaluate whether you are eligible for the
More informationHealth Savings Accounts & High Deductible Health Plans
Health Savings Accounts & High Deductible Health Plans Definitions Consumer Driven Health Plan ( CDHP ) A health insurance plan designed to give you more control over your health care spending. CDHPs incorporate
More informationHealth Care Reform Checklist: Provisions, Obstacles and Solutions
Health Care Reform Checklist: Provisions, Obstacles and Solutions HEALTH CARE REFORM PROVISION: COVERAGE FOR CHILDREN UNTIL AGE 26 Summary of Benefit: Benefits are the same as those for other dependent
More informationHealth Care Reform Implications for Employers with Seasonal Employees
Health Care Reform Implications for Employers with Seasonal Employees Many industries (e.g. ski resorts, retail, restaurants, agriculture, fishing and tourism) have a significant number of seasonal employees.
More informationHealth-Care Reform. Begley Insurance Group, Inc. Mary Angelo 5225 Old Orchard Rd. Skokie, IL 60077 800-867-7074
Begley Insurance Group, Inc. Mary Angelo 5225 Old Orchard Rd. Skokie, IL 60077 800-867-7074 Health-Care Reform August 14, 2012 Page 1 of 8, see disclaimer on final page One primary goal of the Patient
More informationA Digital Benefit Advisors Health Care Reform Handbook for Employers
A Digital Benefit Advisors Health Care Reform Handbook for Employers Health care reform is complicated. Sifting through all the regulations and provisions can be time-consuming and confusing. That s why
More informationIntroduction. Healthcare Reform Reference Guide. Release Date: 7.29.10. General Questions Exchanges Adult Dependents Grandfathering Early Retirees
q individual market q small group market Small Business Tax Credits Small Business Wellness Grants q large group market Blue Cross and Blue Shield companies are committed to working with the Administration
More informationHealth Care Primer: What Do You Really Need to Know? Christianna L. Finnern
Health Care Primer: What Do You Really Need to Know? Christianna L. Finnern Obligations Under the Health Care Law Employers should be aware of their short and long term obligations under the Patient Protection
More informationThe Large Business Guide to Health Care Law
The Large Business Guide to Health Care Law How the new changes in health care law will affect you and your employees Table of contents Introduction 3 Part I: A general overview of the health care law
More informationAdvisory. The Health Care Reform Bill: How Will Its Tax Provisions Impact You and Your Business? April 2010. Impact on Employers
certified public accountants business consultants Advisory April 2010 The Health Care Reform Bill: How Will Its Tax Provisions Impact You and Your Business? The recently passed Patient Protection and Affordable
More informationHEALTH CARE REFORM INFORMATION FOR BUSINESSES March 2013
PARTNERS: Dennis V. King, CPA Charles R. Alleman, Jr., CPA Robert N. Jensen, Jr., CPA Thomas E. Engman, CPA SENIOR PARTNER: David F. King, CPA 27200 Tourney Road, Suite 475 Valencia, California 91355 tel
More informationThe Future is Now Christine C. Rinn
Health Insurance Market Reforms Under PPACA: The Future is Now Christine C. Rinn Introduction PPACA created numerous market reforms affecting group health plans and health insurance issuers in the group
More informationHEALTH CARE REFORM: Grandfathered Health Plans
HEALTH CARE REFORM: Grandfathered Health Plans Guidance concerning grandfathered health plan status was issued on June 17, 2010, by the Departments of Labor, Treasury and Health and Human Services with
More informationNational Health Insurance Reform
JANUARY2011 National Health Insurance Reform Impact Year by Year With the passage of National Health Insurance Reform it is crucial that employers and plan sponsors have clear information about the impact
More informationHEALTH CARE REFORM CHECKLIST
HEALTH CARE REFORM CHECKLIST As a small employer, you need to be aware of the new regulations tied to the Affordable Care Act. Refer to this checklist to ensure you understand each one and that you re
More informationSimple answers to health reform s complex issues facing every employer, and what you can do now to protect your business and your future.
Simple answers to health reform s complex issues facing every employer, and what you can do now to protect your business and your future. If you have any questions, please contact: Health Reform: A Guide
More informationManaging Health Care Reform Benefit Changes within your Own Organization
ICCMHC Winter Conference February 17, 2011 Managing Health Care Reform Benefit Changes within your Own Organization John F. Gause, President jgause@apexbg.com Overview Health Care Reform - Short Term Impact
More informationThe New Healthcare Law and Its Impact on Small Business
U. S. Small Business Administration Washington Metropolitan Area District Office The New Healthcare Law and Its Impact on Small Business Julie C. Verratti Advisor U.S. Small Business Administration Julie.Verratti@sba.gov
More informationHealth Care Reform Act: Who s Paying the Bill?
Health Care Reform Act: Who s Paying the Bill? Walter Miller Schwabe, Williamson & Wyatt P.C. 800 Willamette Street, Suite 600 Eugene, OR 97401 (541) 686-3299 wmiller@schwabe.com TABLE OF CONTENTS Page
More informationHealth Care Reform Overview
Health Care Reform Overview By Marcia S. Wagner The Wagner Law Group 99 Summer Street, 13th Floor Boston, MA 02110 www.erisa-lawyers.com Introduction President Obama signed the Patient Protection and Affordable
More informationHealth Care Reform: What to Expect in 2013 2014. Employee Benefits Series. Health Care Reform 2015 COMPLIANCE CHECKLIST
Health Care Reform: What to Expect in 2013 2014 Employee Benefits Series Health Care Reform 2015 COMPLIANCE CHECKLIST This checklist is designed to help employers who sponsor group health plans review
More informationIRS NOTICE 2015-87: ADDITIONAL GUIDANCE ON HRAS, ACA REPORTING, HEALTH FSA CARRYOVERS AND MORE
Attorneys at Law Friday, January 29, 2016 IRS NOTICE 2015-87: ADDITIONAL GUIDANCE ON HRAS, ACA REPORTING, HEALTH FSA CARRYOVERS AND MORE By: Gabriel S. Marinaro, Esq. In December of 2015, the IRS issued
More informationCopyright 2014 American Fidelity Assurance Company
HEALTH CARE REFORM What You Need to Do from Now to 2015 This is only a brief summary that reflects our current understanding of select provisions of the law, often in the absence of regulations. All of
More informationAffordable Care Act Provisions Affecting Employers 2013 and Beyond. Medicare Tax on Investment Income
Affordable Care Act Provisions Affecting Employers 2013 and Beyond 2013 Medicare Tax on Wage Income A 0.9 percent surtax on wage income above $200,000 for individuals and $250,000 for couples. The employee
More informationHow To Prepare A Health Care Plan For A Job Interview
Health Care Reform 2013 & 2014 Planning Employers should review the fast-approaching 2013 and 2014 health care reform requirements. State Exchanges will be opening enrollment as soon as October 1, 2013
More informationHow To Calculate A Health Care Reform Employer Number
Health Care Reform Key Points Contact Us 855.220.8634 HealthCareReform@eidebailly.com Individual Implications Individual mandate to have health insurance Penalties applies if NO health insurance 2014 -
More informationChristy Tinnes, Brigen Winters and Christine Keller, Groom Law Group, Chartered
Preparing for Health Care Reform A Chronological Guide for Employers This Article provides an overview of the major provisions of health care reform legislation affecting employers and explains the requirements
More informationCONTROLLERS CONFERENCE. for the Construction & Real Estate Industry
CONTROLLERS CONFERENCE for the Construction & Real Estate Industry Update on Tax Legislation Health Care Act IRS Schedule Uncertain Tax Position (UTP) Dan Evans, Tax Senior Manager Moss Adams LLP Health
More information2015-2016: What You Need To Know About The Affordable Care Act
2015-2016: What You Need To Know About The Affordable Care Act A nonprofit independent licensee of the Blue Cross Blue Shield Association National strength. Local focus. Individual care. SM We are committed
More informationthe Affordable Care Act: What Colorado Businesses Need to Know
22 About questions the Affordable Care Act: What Colorado Businesses Need to Know 1 What is the Affordable Care Act? Who is impacted (small, large businesses and self-insured)? The Patient Protection and
More informationSUMMARY OF GUIDE CONTENTS... 1 HIGHLIGHTS OF TAX-ADVANTAGED PLANS... 2 EMPLOYEE SALARY REDUCTION PLANS... 5
This Guide is for informational and educational purposes only. It does not constitute legal advice or a comprehensive guide to issues to be considered by employers in establishing tax-advantaged benefits
More informationSummary of Provisions Affecting Employer-Sponsored Insurance
JULY 2014 AFFORDABLE CARE ACT Summary of Provisions Affecting Employer-Sponsored Insurance Much of the public discussion about the Affordable Care Act (ACA) has focused on the expansion of coverage to
More informationSection 2: INDIVIDUALS WHO CURRENTLY HAVE
Section 2: INDIVIDUALS WHO CURRENTLY HAVE COVERAGE OR AN OFFER OF COVERAGE FROM THEIR EMPLOYER Section 2 covers enrollment issues for individuals who have coverage or an offer of coverage whether through
More informationHCR Bulletin. Guidance Issued on PPACA Market Reform Application to HRAs, FSAs, Individual Policy Premium Arrangements and EAPs.
HCR Bulletin Guidance Issued on PPACA Market Reform Application to HRAs, FSAs, Individual Policy Premium Arrangements and EAPs Summary Employers will generally be prevented from using individual accounts,
More informationHEALTH REFORM UPDATE GRANDFATHERED GROUP HEALTH PLANS August 3, 2010
HEALTH REFORM UPDATE GRANDFATHERED GROUP HEALTH PLANS August 3, In July, the Departments of Treasury, Labor, and Health and Human Services jointly released the Interim Final Rules for Group Health Plans
More informationHealth Care Reform and Tax Implications
IMPACT OF HEALTH CARE REFORM ON INDIVIDUAL AND SMALL BUSINESS TAXES ATLANTA ASHEVILLE BIRMINGHAM CHICAGO DALLAS DENVER JACKSONVILLE LOS ANGELES MELBOURNE MEMPHIS MIAMI MINNEAPOLIS NEW YORK ORLANDO PHOENIX
More informationHEALTH CARE REFORM: FREQUENTLY ASKED QUESTIONS (Group, Individual, Seasonal)
Group Health Insurance Q & A HEALTH CARE REFORM: FREQUENTLY ASKED QUESTIONS (Group, Individual, Seasonal) 1. Will small employers continue to have 12 month rates as they exist today? a. Yes. Employer groups
More information