Concurrent Session Knowledge How you can Prepare for the Affordable Care Act. Andrew Braswell, Research Analyst, Staffing Industry Analysts
|
|
- Jade George
- 8 years ago
- Views:
Transcription
1 TUES, OCT 7 4:15 PM JAMAICA Concurrent Session Knowledge How you can Prepare for the Affordable Care Act Andrew Braswell, Research Analyst, Staffing Industry Analysts
2 DIGITAL SURVEYS How you can Prepare for the Affordable Care Act Don t forget to rate this session as you exit.
3 How You Can Prepare for the Affordable Care Act Agenda Legislative Background Employer Mandate Basics - Applicable Large Employer (ALE) Determination - Variable hour employees and the Look Back Penalties Coverage Options - Major Medical - Skinny Plans - MVP Plans
4 How You Can Prepare for the Affordable Care Act Agenda, cont d. IRS Reporting Requirements Compliance Cost Projections Survey Results Who is the Common Law Employer? What to do Next Q&A
5 ACA Legislative Background March 2010 ACA signed into law December 2012 Proposed regs on employer mandate issued July yr delay of EM, to 1/1/15 February 2014 Final regs issued - Transition relief delays EM one more year for companies with FTs, lowers bar for compliance for firms with 100+ FTs
6 Employer Shared Responsibility Provision AKA employer mandate, play or pay Applicable Large Employer - 50 or more FT + FTE - Must offer FT employees health coverage meeting certain standards, or face an assessable payment, i.e., penalty Common law employer has obligation of EM
7 Applicable Large Employer Status FT: 30hrs per wk or 130hrs per month FTE: Total PT hours per month / 120 Add FT + FTE for each month Total the monthly values and divide by 12 If monthly average is 50 or above, firm is an ALE for following calendar year ALE determination is on a controlled group basis
8 The Variable Hour Determination At time of hire, is employee reasonably expected to work an average of 30 or more hours per week? Consider whether employees in the same position with the temporary staffing firm typically: - have the right to reject assignments - have periods during which no offer of placement is made - are offered placements for varying periods of time - are offered placements that do not extend beyond 13 weeks
9 Applying the Look Back Method Measurement period of 3 12 months Administrative period of up to 90 days Stability period no shorter than measurement period Treated as new hire following break in service of: - At least 13 weeks or - At least four weeks and longer than preceding period of employment
10 Applying the Look Back Method January 1, 2015 Ongoing New Hire Look Back Full Time Part Time Variable Hour or Seasonal Standard Measurement Period (3 12 months) 90 Days to Enroll No Requirement to Offer Initial Measurement Period (3 12 months) Admin Period (up to 90 days) Admin Period (up to 90 days) Stability Period (min. 6 months) Stability Period (3 12 months)
11 The Penalties in Summary 1) The "No Coverage" Penalty IRS Code 4980H(a) Trigger Annual Assessment Employer fails to offer "minimum essential coverage" to at least 95% [70% for 2015] of its FT employees and their dependents $2,000 x (Total number of company s FT employees minus 30 [80 for 2015]) 2) The "Insufficient Coverage" Penalty IRS Code 4980H(b) Trigger Employer offers coverage that is either not "affordable" or does not provide "minimum value" Annual Assessment $3,000 x (Total number of FT employees that receive subsidized coverage through an exchange)
12 The Penalties Important Details Those within 400% of FPL may qualify for subsidy - $46,680 for an individual - $95,400 for a family of four Assessed on monthly basis, collected annually Not tax deductible Mutually exclusive, with maximum exposure determined under the calculation for the no coverage penalty
13 Workers Exempt from Offer Requirement Part time (<30 hours per week) Short term (<90 days) Seasonal employees - Customary annual employment 6 months or less - Should begin approximately same time each year
14 Offering Major Medical Coverage Coverage must be adequate and affordable - Adequate: plan covers at least 60% of total allowed costs - Affordable: premium for single coverage <9.5% of household income Satisfies both (a) and (b) penalties Likely option of choice for professional staffing firms Must offer coverage to 95% of FT employees and dependents Monthly premium $350 $700+
15 Offering a Skinny Plan AKA MEC, Non MV Limited coverage including preventive care Appear to satisfy MEC - Avoids no coverage (a) penalty Clearly do not provide MV - Remain exposed to insufficient coverage (b) penalty Must be self funded program Monthly cost $60 $100 per employee for ASO Regulators may already be clamping down
16 A New Option: The MVP Plan Meets MV standard of at least 60% cost coverage - Eliminates both (a) and (b) penalties Excludes inpatient hospitalization, surgical Lower participation requirements than major medical Monthly premiums in the range of $200
17 Staffing Supplier Compliance Plans Source: SIA 2014 Staffing Company Survey Preliminary Results
18 IRS Reporting Requirements Beginning with the 2015 year, ALEs must report annually to the IRS on form 1095 C: - Employer name, address and Employer Identification Number (EIN) - The number of FT employees for each month - A certification, by month, as to whether the employer offered MEC to its FT employees and their eligible dependents - For each FT employee, the months for which MEC was offered and the self only policy premium for the lowest cost plan offered that provides MV - The name, address and Social Security number of each FT employee - The months (if any) that each employee was covered under the employer s plan
19 Breaking Down the Cost of Compliance Administrative overhead - Strategic planning - Tracking, reporting, issuing notices - Will be felt most acutely by smaller ALEs Provision of insurance - Higher premiums for ACA compliant plans - Increased take rate due to awareness, individual mandate - Higher employer premium contribution due to affordability rules
20 Staffing Buyers Anticipated Bill Rate Increase 36% 20% 11% 7% 7% 2% 3% 5% 2% 2% 2% 0% 0% 0% 0% 0% 0% 0% 1% 0% 0% 2% $0.00 $0.20 $0.40 $0.60 $0.80 $1.00 $1.20 $1.40 $1.60 $1.80 $2.00 $2.20 $2.40 $2.60 $2.80 $3.00 $3.20 $3.40 $3.60 $3.80 $4.00 >$4.00 Source: SIA 2014 Contingent Buyers Survey
21 Buyer Views on Cost Question Evolving Buyers expecting to pay no share of ACA costs 1 : % 36% Of the 36% expecting no bill rate increase 1 : - 94% reported that their primary skill purchased was highly compensated professional Median expected bill rate increase: - Buyers: $1.00/hr 1 - Suppliers: $1.50/hr 2 1 Source: SIA 2014 Contingent Buyers Survey 2 Source: SIA 2014 Staffing Company Survey Preliminary Results
22 Who is the Common Law Employer? Multifactor test conceived to distinguish ICs from employees Can yield inconclusive result when applied to thirdparty employment situations Decades of IRS practice and case precedent consistent with interpretation that staffing supplier is common law employer
23 Final Regs Section IX Offers of Coverage an offer of coverage to an employee performing services for an employer that is a client of a [PEO] or other staffing firm (in the typical case in which the [PEO] or staffing firm is not the common law employer of the individual) made by the staffing firm on behalf of the client employer under a plan established or maintained by the staffing firm, is treated as an offer of coverage made on behalf of a client employer only if the fee the client employer would pay to the staffing firm for an employee enrolled in health coverage under the plan is higher than the fee the client employer would pay to the staffing firm for the same employee if the employee did not enroll in health coverage under the plan.
24 Proposed Safeguard for CLE Ambiguity Low probability, high impact event Spell out in agreements that staffing supplier has specific elements of right to control Also specify in agreement that rate reflects cost of providing health coverage to worker Particularly relevant to engagements of 1 year or longer
25 What Should You Do Next? Survey your contingent workforce suppliers - How do they plan to comply with the employer mandate? - What is their anticipated bill rate increase? Examine your contract language - Right to control employee by staffing supplier - Specifies higher fee that reflects provision of coverage Reassess your contingent workforce program - Avoid use of staffing suppliers in effort to evade EM - Higher stakes for IC misclassification
26 Any Questions?
27 DIGITAL SURVEYS How you can Prepare for the Affordable Care Act Don t forget to rate this session as you exit.
Health 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 informationPAY OR PLAY TIME TO ACT
PAY OR PLAY TIME TO ACT Bob Blum Hanson Bridgett LLP April 2, 2013 Hanson Bridgett LLP Talk To Your Lawyer This presentation is a general discussion of the pay or play rules based on proposed regs It is
More informationHealth Care Reform 2015 Update
Health Care Reform 2015 Update Presented to: Employee Health Benefits Committee Presented by: Pamela A. Boyer Information is current as of time of presentation: Oct. 15, 2015 1 Overview of Presentation
More informationLegislative Brief: PAY OR PLAY PENALTIES LOOK BACK MEASUREMENT METHOD EXAMPLES. EmPowerHR
EmPowerHR Legislative Brief: PAY OR PLAY PENALTIES LOOK BACK MEASUREMENT METHOD EXAMPLES The Affordable Care Act (ACA) imposes a penalty on applicable large employers (ALEs) that do not offer health insurance
More informationPotential Penalties for Employers under the Pay or Play Rules
The Affordable Care Act (ACA) brings many changes to employers and health plans. One such change essentially amounts to a requirement for some employers to offer a certain level health care to their employees
More informationAmerican Farm Bureau Federation
American Farm Bureau Federation Overview of Health Care Reform and its Impact on Agricultural Employers 1 (as of October 2012) This is an overview of the employer mandate contained in the Patient Protection
More informationLegislative Brief: 2015 COMPLIANCE CHECKLIST. Laurus Strategies
Laurus Strategies Legislative Brief: 2015 COMPLIANCE CHECKLIST The Affordable Care Act (ACA) has made a number of significant changes to group health plans since the law was enacted over four years ago.
More informationQ&A from Assurex Global Webinar. Employer ACA Reporting Requirements. Q: Where will these forms come from? will the IRS provide them?
Q&A from Assurex Global Webinar Employer ACA Reporting Requirements Questions Q: Where will these forms come from? will the IRS provide them? A: IRS has provided draft Forms 1094 and 1095 along with draft
More informationHelbling Benefits Consulting Your Health Care Reform Partner
Helbling Benefits Consulting Your Health Care Reform Partner Will you be hit with penalties due to health care reform? Once the employer mandate becomes effective, some employers may have to pay a penalty
More informationPENALTIES Employer Shared Responsibility under the Affordable Care Act (ACA)
PENALTIES Employer Shared Responsibility under the Affordable Care Act (ACA) What employers need to know to make informed decisions about ACA compliance. Employer Shared Responsibility Under the employer
More informationWhat Employers Need to Know about the Final ACA Reporting Forms
What Employers Need to Know about the Final ACA Reporting Forms We highly recommend that you download the slides prior to the webinar at http://ow.ly/lccoh (case sensitive) Laura Kerekes, SPHR, SHRM-SCP
More informationMarch 26, 2015. Q&A from Assurex Global Webinar "Employer ACA Reporting Requirements"
Q&A from Assurex Global Webinar "Employer ACA Reporting Requirements" Question Large employer 500+, have several health insurance coverages some self funded some fully insured so who gets it with both
More informationHeffernan Benefit Advisors Presents Health Care Reform: What Non-Profits Need to Know. The session will begin shortly
Heffernan Benefit Advisors Presents Health Care Reform: What Non-Profits Need to Know The session will begin shortly Sound should come through your speakers when the session begins Verify that the volume
More informationACA Employer Mandate: The Ultimate Guide
ACA Employer Mandate: The Ultimate Guide Table of Contents Are you ready? WHO needs to comply? WHAT forms do you need to file to comply? WHEN do you need to file the forms? WHERE do you get the forms?
More informationThe Affordable Care Act:
The Affordable Care Act: An Update on the Employer Mandate William A. Dombi, Esq. MARCH ON WASHINGTON Conference & Exposition March 24, 2014 Health Care Reform Framework Health insurance reforms Expanded
More informationPay or Play Penalty Special Rules for Temporary Staffing Firms
Brought to you by Cottingham & Butler Pay or Play Penalty Special Rules for Temporary Staffing Firms The Affordable Care Act (ACA) imposes a penalty on large employers that do not offer minimum essential
More informationNavigating the Employer Mandate
Navigating the Employer Mandate The Employer Mandate is the Health Care Reform provision that requires all employers with 50 or more full time equivalent employees to offer a certain level of health insurance
More informationAffordable Care Act Compliance and IRS 1094/95 Filings: Are YOU Ready??
Affordable Care Act Compliance and IRS 1094/95 Filings: Are YOU Ready?? REQUIREMENTS UNDER IRC SECTIONS 6055 AND 6056 Presented by: This Presentation Is Not Legal or tax advice The final word on ACA A
More informationHealth Reform Employer Impact Analysis. Sample Employer. Prepared for. Date
Health Reform Employer Impact Analysis Prepared for Sample Employer Date 2 Health Reform Employer Impact Analysis Overview Beginning in 2014, an applicable large employer becomes subject to what are referred
More informationAFFORABLE CARE ACT (OBAMACARE)
AFFORABLE CARE ACT (OBAMACARE) The Affordable Care Act (ACA) Large Employer Mandate requires employers to offer full time employees a compliant health care plan effective January 1, 2015. Full Steam Staffing
More informationHealthcare Reform Update. as of February 15, 2013
Healthcare Reform Update as of February 15, 2013 March 23, 2010: Patient Protection and Affordable Care Act (PPACA aka ACA) signed into law Underlying goals of PPACA: Expand access to healthcare Make healthcare
More informationEmployee Benefits Compliance
Employee Benefits Compliance Pay or Play Delay, Does it Apply and Strategies to Comply Wells Fargo Insurance 2014 Issues and beyond. U.S. citizens and legal residents are required to have "minimum essential
More informationOverview of Reporting Requirements. ACA Reporting. Overview. Overview of Reporting Requirements. ACA Reporting Examples
ACA Reporting August 18, 2015 Norbert F. Kugele April A. Goff 2015 Warner Norcross & Judd LLP. All rights reserved. WNJ.com Overview Overview of Reporting Requirements Why have reporting Status of forms
More informationA f f o r d a b l e C a r e A c t. S u s a n L. G r a s s l i, J D M a y 2 0 1 4
Health Care Reform T h e B i g T h r e e P r o v i s i o n s o f t h e A f f o r d a b l e C a r e A c t S u s a n L. G r a s s l i, J D M a y 2 0 1 4 Agenda Background The Big Three o Individual Mandate
More informationCATEGORY FEATURES & CAPABILITIES AVAILABILITY
CATEGORY FEATURES & CAPABILITIES AVAILABILITY Initial ACA Compliance Record the exact start and end dates for all employee assignments Employee eligibility status at the hire date (full time employee expected
More informationHealth Care Reform Where Are We Now? Preparing for 2015
Tuesday, July 1, 2014 2 3 p.m. Central time Health Care Reform Where Are We Now? Preparing for 2015 David Hunt, CHBC Senior Managing Consultant BKD, LLP dhunt@bkd.com Philip Floyd, CFP, CFS Senior Managing
More informationIRS Form 1095-C: Indicator Codes for Lines 14, 15, and 16
IRS Form 1095-C: Indicator Codes for Lines 14, 15, and 16 Form 1095-C, Part II, Line 14: Indicator Code Series 1 for Offer of Coverage 1A. Qualifying Offer: Minimum essential coverage providing minimum
More informationHow To Report Health Insurance To The Irs
ACA REPORTING WEBINAR QUESTIONS AND ANSWERS The following questions on ACA reporting requirements to the IRS were collected at a series of webinars offered by ThinkHR. Introduction The Affordable Care
More informationParker, Smith & Feek - ACA Update: 2014 November 2013
Affordable Care Act (ACA) Background Core of law is an attempt to reduce # of uninsured Multiple approaches to expanding insurance coverage Requires most in US to have health insurance Creates state-based
More informationEmployer Penalties IRS Examples for Determining Full-time Status
Brought to you by Commercial Insurance Employer Penalties IRS Examples for Determining Full-time Status Under section 4980H of the Affordable Care Act (ACA), large employers may be subject to a penalty
More informationWhat s Ahead for 2015: Preparing Your Group Health Plan for the Employer Mandate
What s Ahead for 2015: Preparing Your Group Health Plan for the Employer Mandate May 14, 2014 1 Speakers Moderator: Lisa A. Tavares, Partner Speakers: Thora A. Johnson, Partner Harry I. Atlas, Partner
More informationMEMORANDUM. March 5, 2014. IRS Final Rule on the Affordable Care Act s Employer Mandate
2120 L Street, NW, Suite 700 T 202.822.8282 HOBBSSTRAUS.COM Washington, DC 20037 F 202.296.8834 MEMORANDUM To: From: Re: Tribal Health Clients Hobbs, Straus, Dean & Walker LLP IRS Final Rule on the Affordable
More informationHealth in a Handbasket What Employers Need to Know Now
Health in a Handbasket What Employers Need to Know Now Presented by Steven J. Friedman Littler, New York 212-583-2687 Agenda Full Speed Ahead: Again? Pay-or-Play: What is the optimal strategy for you?
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 informationPatient Protection and Affordable Care Act Compliance Checklist for Employers
October, 2014 Patient Protection and Affordable Care Act Compliance Checklist for Employers Under the Employer Mandate in the Affordable Care Act, effective January 1, 2015, employers with 50 or more full-time
More informationApplying Pay or Play to Special Employees
American Benefits Council P4P Preparing for PPACA Webinar Applying Pay or Play to Special Employees March 20, 2014 Seth Perretta Crowell & Moring LLP Overview 2 Brief refresher on the employer pay or play
More informationIRS Guidance on Employer Shared Responsibility Penalty
Brought to you by Hammitt Benefits Group IRS Guidance on Employer Shared Responsibility Penalty Beginning in 2014, the Affordable Care Act (ACA) imposes pay or play requirements on large employers to help
More information#21 - Should You Provide Health Insurance in 2014?
#21 - Should You Provide Health Insurance in 2014? Yes, for all size groups, but only if you can afford it and it serves other purposes (such as controlling competition for employees or you don t want
More informationShared Responsibility: What It Means for Your Business
Shared Responsibility: What It Means for Your Business The provisions of the Affordable Care Act (ACA) apply to nearly all companies in the United States. The ways they apply, however, can be different
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 informationTreasury and IRS Issue Final Regulations for Reporting Compliance With Affordable Care Act Mandates
Treasury and IRS Issue Final Regulations for Reporting Compliance With Affordable Care Act Mandates April 2014 The Treasury Department and the Internal Revenue Service (IRS) issued final regulations on
More informationEMPLOYER MANDATE FACT SHEET
EMPLOYER MNDTE FCT SHEET INFORMED ON REFORM Overview Employers must offer health insurance that is affordable and provides minimum value to their full-time employees and their children up to age 26 or
More informationThe Components of a Human Capital Management System: How To Be Strategic in Human Resources
J u n e 2 0 1 4 The Components of a Human Capital Management System: How To Be Strategic in Human Resources Presented by: Mark V. Amato Director of HRIS Services Health & Benefits What Business Leaders
More informationThe Insurance Mandates of the Affordable Care Act
1 A. Affordable Care Act Individual Mandate The Insurance Mandates of the Affordable Care Act 1. All citizens of the United States are subject to the individual mandate as are all permanent residents and
More informationEmployer Reporting of Health Coverage Code Sections 6055 & 6056
Brought to you by Hickok & Boardman HR Intelligence Employer Reporting of Health Coverage Code Sections 6055 & 6056 The Affordable Care Act (ACA) created new reporting requirements under Internal Revenue
More informationEmployer-Shared Responsibility
Affordable Care Act Planning to Deal with the Pay-or-Play Penalties Effective January 1, 2015 Anne Hydorn Hanson Bridgett LLP Telephone: (415) 995-5893 Email: ahydorn@hansonbridgett.com Judy Boyette Hanson
More informationENROLLED ORDINANCE 169-63 MODIFICATIONS TO HEALTH INSURANCE TO COMPLY WITH THE AFFORDABLE CARE ACT
File Number: 169-O-067 ENROLLED ORDINANCE 169-63 MODIFICATIONS TO HEALTH INSURANCE TO COMPLY WITH THE AFFORDABLE CARE ACT WHEREAS, the Affordable Care Act (ACA) federal health care legislation has established
More informationIRS Eases Employers Into Employer Mandate
IRS Eases Employers Into Employer Mandate February 2014 The Treasury and Internal Revenue Service (IRS) released final regulations on the employer mandate under the Patient Protection and Affordable Care
More informationACA: Temporary and Variable Hour Employees Presented by: Larry Grudzien
ACA: Temporary and Variable Hour Employees Presented by: Larry Grudzien We re proud to offer a full-circle solution to your HR needs. BASIC offers collaboration, flexibility, stability, security, quality
More informationThe Patient Protection and Affordable Care Act ( ACA ) and Your Facility
The Patient Protection and Affordable Care Act ( ACA ) and Your Facility By Christine Garrity: Chief Administrative Officer & General Counsel for The Professional Golfers' Association of America President
More informationIRS Health Coverage Reporting Instructions Leave Many Questions Unanswered
September 23, 2014 If you have questions, please contact your regular Groom attorney or one of the attorneys listed below: Katie Bjornstad Amin kamin@groom.com (202) 861-2604 Christine L. Keller ckeller@groom.com
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 informationFast Forward. 2015 Employer Mandate: Pay or Play?
Fast Forward 2015 Employer Mandate: Pay or Play? Employer Mandate Beginning Jan. 1, 2015, the Affordable Care Act (ACA) will impose an employer mandate that states that grandfathered and non-grandfathered
More information5/11/2015. Employer and Insurer Reporting. ACA Broad Human Resources Impact WHO IN YOUR ORGANIZATION IS RESPONSIBLE?
HR Technology Outsourcing Practice ACA Compliance - Support through Technology JoAnne Pettijohn May 15, 2015 ACA Broad Human Resources Impact WHO IN YOUR ORGANIZATION IS RESPONSIBLE? Human Resources Payroll
More informationACA: Understanding the Defining a Path Forward
ACA: Understanding the Defining a Path Forward by Frances Marbury and Rachael Walker Each organization s unique circumstances will determine how it responds to the Affordable Care Act (ACA). Employers
More informationAFFORDABLE CARE ACT REPORTING
AFFORDABLE CARE ACT REPORTING Introduction The Affordable Care Act (ACA) requires the State of Missouri to offer health insurance to full time equivalent employees. The ACA also generally requires individual
More informationTo enforce these penalties and properly administer the premium tax credits, ACA imposes two annual reporting requirements on employers.
Employer Health Coverage Reporting Requirements for 2015 Summary The Affordable Care Act (ACA) includes reporting requirements for health care coverage in 2015. The reports will give information to the
More informationIntroduction to the New Health Care Laws Michelle Walker, Rocky Mountain Health Plans January 14, 2015
Introduction to the New Health Care Laws Michelle Walker, Rocky Mountain Health Plans January 14, 2015 Agenda Basics of Health Care Reform Changes in Individual Healthcare Coverage Mandates Affordability
More informationHealth Care Reform Employer Shared Responsibility Provisions
Health Care Reform Employer Shared Responsibility Provisions Safe Harbor Qualification This document provides an overview of the employer shared responsibility (ESR) provisions of the Affordable Care Act
More informationIRS Issues final regulations on employer shared responsibility requirements
IRS Issues final regulations on employer shared responsibility requirements Volume 37 Issue 46 April 17, 2014 The employer shared responsibility requirements commonly called the employer mandate are one
More informationWells Insurance. 2015 ACA Compliance Update
Wells Insurance 2015 ACA Compliance Update Wells Insurance Today s Agenda Cost-Saving Strategies Deadlines & Implications for you Plan Design Changes Reinsurance Fees Employer Penalty Rules Reporting of
More informationKey Considerations in Avoiding and Calculating Penalties Pursuant to the Employer Shared Responsibility Mandate
and Calculating Penalties Pursuant to the Employer Shared Compliance Practice of Arthur J. Gallagher & Co. As a preliminary step, employers must determine if their organization is subject to the mandate.
More informationEmployer s Guide To Health Care Reform
Employer s Guide To Health Care Reform A nonprofit independent licensee of the Blue Cross Blue Shield Association National strength. Local focus. Individual care. SM As part of our commitment to being
More informationContingent Workers: Is the Staffing Agency or the Client
Contingent Workers: Is the Staffing Agency or the Client Employer Liable under the Employer Mandate? The Issues by Lisa Klinger, JD Many employers hire temporary and contract workers (often called contingent
More informationHealthcare Reform Preparedness for Small Businesses
Healthcare Reform Preparedness for Small Businesses Blue KC on Wheels Community awareness initiative Health screenings Wellness information Seminars on healthcare reform, health insurance and wellness
More informationBEST PRACTICES Health Insurance Marketplace Guidance
BEST PRACTICES Health Insurance Marketplace Guidance TABLE OF CONTENTS: Health Insurance Marketplace 3 Small Business Options 8 Notification of Exchanges 10 Common Pitfalls 13 Staffing Plus Solutions 14
More informationWhat s News in Tax Analysis That Matters from Washington National Tax
What s News in Tax Analysis That Matters from Washington National Tax The Impact of the Affordable Care Act on International Assignees and Their Health Care Plans Employers and individuals in the United
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 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 informationAffordable Care Act Update
Affordable Care Act Update Presented by: Jill Brooking, Vice President, Benefits Compliance National Financial Partners Corp. and its subsidiaries do not provide legal or tax advice. Compliance, regulatory
More informationThe Affordable Care Act: Running the ACA Reporting Maze
The Affordable Care Act: Running the ACA Reporting Maze National Association of State Comptrollers March 12, 2015 Prepared by: Russell Chapman Special Counsel Littler Mendelson, P.C. Dallas Office 214.880.8177
More informationThe Affordable Care Act: What Does It Mean for Agricultural and Small Business Employers?
The Affordable Care Act: What Does It Mean for Agricultural and Small Business Employers? The Patient Protection and Affordable Care Act (ACA) includes provisions that will have significant implications
More informationDETERMINING FULL-TIME EMPLOYEE STATUS Employer Shared Responsibility Under the Affordable Care Act (ACA)
DETERMINING FULL-TIME EMPLOYEE STATUS Employer Shared Responsibility Under the Affordable Care Act (ACA) What employers need to know to make informed decisions about ACA compliance This document is intended
More informationHEALTH CARE REFORM: PLAY OR PAY?
The Ultimate Guide to HEALTH CARE REFORM: PLAY OR PAY? Calculate Your Health Benefits Savings 23 DISCLAIMER The information provided herein by Health Insurance Brokers is general in nature and should not
More informationIRS Releases 2015 Forms and Instructions for 6055/6056 Reporting
IRS Releases 2015 Forms and Instructions for 6055/6056 Reporting Background Under the Patient Protection and Affordable Care Act (ACA), individuals are required to have health insurance while applicable
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 informationDefinition of Full-Time Employee and Waiting Period Part of the Patient Protection and Affordable Care Act (PPACA)
Definition of Full-Time Employee and Waiting Period Part of the Patient Protection and Affordable Care Act (PPACA) The following provides an overview of recent confirmation (through Regulations) of important
More informationCOMPLY &CONQUER. Employer Mandate Penalties: Ducking the Sledgehammer and Tack Hammer
INSIGHT TO ACTION COMPLY &CONQUER Employer Mandate Penalties: Ducking the Sledgehammer and Tack Hammer Ed Doherty, Esq., Cammack Health Darcie Falsioni, Esq., Nixon Peabody Presented by The Sledgehammer
More informationAFFORDABLE CARE ACT (ACA) REPORTING CONSIDERATIONS
AFFORDABLE CARE ACT (ACA) REPORTING CONSIDERATIONS PRESENTED BY: FELICIA BARNES-HODGE, FISCAL ANALYST ESD 113 My Partner For Learning Solutions ACA - The Goal & Disclaimer The Goal The goal is to provide
More informationSeminar Questions. Page 1 of 5
Seminar Questions Q: Can a "printout" of these screens or the presentations be provided? A: We will be sending out answers to all questions asked during the webinar but the presentation materials are proprietary
More informationAffordable Care Act: Answers to Frequently Asked Questions
Affordable Care Act: Answers to Frequently Asked Questions The Affordable Care Act imposes major new legal obligations on employers, including new excise taxes, which will increase the cost of supplying
More informationState Based Exchange - How to Qualify For a FTE
Presented by: Kevin Kuhlman National Federation of Independent Business State Decision Update Small Employer Responsibilities Individual Mandate Individual and Small Business Exchanges Affordable Coverage
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 informationThe Affordable Care Act: What Public Employers Need to be Doing Now
The Affordable Care Act: What Public Employers Need to be Doing Now April 30, 2014 J. Richard Johnson IPMA-HR Webinar Copyright 2014 by The Segal Group, Inc. All rights reserved. 1 ACA Update Discussion
More informationAdvantage Payroll Services Presents. March 24, 2015 Presenter: Jessica Stelfox, MBA, PHR
(c )A dv an ta ge Pa yr ol l Se rv ic es 20 15 Advantage Payroll Services Presents March 24, 2015 Presenter: Jessica Stelfox, MBA, PHR We encourage you to benefit from resources and information provided
More informationTop Ten Misconceptions About the ACA Reporting Requirements. May 19, 2015
Top Ten Misconceptions About the ACA Reporting Requirements Presenters Rich Stover, FSA Principal & Consulting Actuary Knowledge Resource Center Amy Dunn, JD Director Knowledge Resource Center Lisa Mednik
More informationReporting Requirements for Employers and Health Plans
Brought to you by Cross Employee Benefits Reporting Requirements for Employers and Health Plans The Affordable Care Act (ACA) created a number of federal reporting requirements for employers and health
More informationIRS Final Rule Partially Delays ACA Employer Shared Responsibility Requirement
A Timely Analysis of Legal Developments A S A P February 24, 2014 IRS Final Rule Partially Delays ACA Employer Shared Responsibility Requirement By Ilyse Schuman On February 12, 2014, the Internal Revenue
More informationIRS Reporting for NON-Large Employers
IRS Reporting for NON-Large Employers NMASBO Fall Conference September 24, 2015 Nura Patani, PhD Senior Actuarial Analyst npatani@segalco.com Copyright 2015 by The Segal Group, Inc. All rights reserved.
More informationTop 7 Reasons Your Company Should Be Using a Contractor Payroll Specialist
. Top 7 Reasons Your Company Should Be Using a Contractor Payroll Specialist . Top 7 Reasons Your Company Should Be Using a Contractor Payroll Specialist Presenters Jason Posel: SVP, Strategy and Solutions
More informationACA UPDATE: EXPERIENCES AND EXPECTATIONS
ACA UPDATE: EXPERIENCES AND EXPECTATIONS Allen Steinberg November 3, 2014 Agenda Overview: Framing the discussion Experiences: Pfeiffer University and University of Sioux Falls Some Key Challenges Future
More informationMore than benefits. State of the Industry March 3, 2015
More than benefits State of the Industry March 3, 2015 Cuatro s Bio Untangling the Web - efg&m is on your Team! ERISA/Compliance TECHNOLOGY PPACA WELLNESS BENEFITS ADMINISTRATION Never hurry and never
More informationHealth care reform for large businesses
FOR PRODUCERS AND EMPLOYERS Health care reform for large businesses A guide to what you need to know now DECEMBER 2013 CONTENTS 2 Introduction Since 2010 when the Affordable Care Act (ACA) was signed into
More informationFLORIDA HEALTH CARE COALITION
FLORIDA HEALTH CARE COALITION Orlando-based 501c3 non-profit, established 29 years ago Provide education, research and program development support to our members Focus on quality improvement, first and
More informationACA Employer Reporting Guide. A practical guide to understanding the ACA 6055 and 6056 employer reporting requirements
ACA Employer Reporting Guide A practical guide to understanding the ACA 6055 and 6056 employer reporting requirements Table of Contents INTRODUCTION TO ACA EMPLOYER REPORTING... 3 HOW TO USE THIS GUIDE...
More informationHealth Insurance - A Quick Overview of the Eligibility Rules
AFFORDABLE CARE ACT TRAINING SESSION ONE Waiting Periods/Eligibility for Coverage & Determining Applicable Large Employer Status Slide 1 Presenters Alison Cline Earles, Associate General Counsel, GMA Patrick
More informationAFFORDABLE CARE ACT COMPLIANCE
Q & A Bulletin # 4 Dated 12/09/14 AFFORDABLE CARE ACT COMPLIANCE Q&A Bulletin #4 December 22, 2014 Page 1 of 45 Table of Contents (Click on the Sections/Questions below to access the specific page.) Welcome
More information