Our weekly newsletter gives you up-to-date content on current topics. Business owners, managers and HR professionals can find guidance on benefits and compensation, compliance issues and employee relations.
You’ll also find legal summaries and ready-to-use model policies and forms.
The Affordable Care Act (ACA) imposes an annual, non-deductible fee on the health insurance sector, allocated across the industry according to market share. The fee, which is treated as an excise tax, is required to be paid by Sept. 30 of each calendar year beginning in 2014. Read More
The Affordable Care Act (ACA) calls for the creation of state-based competitive marketplaces, known as Affordable Health Insurance Exchanges (Exchanges), for individuals and small businesses to purchase private health insurance. According to the Department of Health and Human Services (HHS), the Exchanges will allow for direct comparisons of private health insurance options based on price, quality and other factors and will coordinate eligibility for premium tax credits and other affordability programs. Read More
Beginning in 2014, the Affordable Care Act (ACA) requires certain health plans to comply with cost-sharing limits with respect to their coverage of essential health benefits. Under ACA, “essential health benefits” must be equal in scope to benefits covered by a typical employer plan and must include items and services in ten general categories, such as hospitalization, prescription drugs and maternity and newborn care. Read More
The Affordable Care Act (ACA) requires employers to provide all new hires and current employees with a written notice about ACA’s health insurance exchanges (Exchanges), effective March 1, 2013. On Jan. 24, 2013, the Department of Labor (DOL) announced that employers will not be held to the March 1, 2013, deadline. They will not have to comply until final regulations are issued and a final effective date is specified. Read More
On Nov. 30, 2012, the Internal Revenue Service (IRS) released proposed regulations on the Additional Hospital Insurance Tax, also known as the Additional Medicare Tax. Under the Affordable Care Act (ACA), effective Jan. 1, 2013, employers must withhold an additional tax of 0.9 percent on wages in excess of $200,000 that any of their employees receive in a calendar year. Read More
The Affordable Care Act (ACA) established three risk-spreading programs to provide payments to health insurance issuers that cover higher-risk populations and to more evenly spread the financial risk carried by issuers. These programs, which will be effective in 2014, are a transitional reinsurance program, a temporary risk corridor program and a permanent risk adjustment program.
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After hard-fought campaigns by both candidates, President Barack Obama has been re-elected for a second term in office. Obama’s victory in the election, along with last summer’s Supreme Court decision upholding the health care reform law, cements the Democratic Party’s dedication to the legislation. Read More
On March 23, 2010, President Obama signed into law a comprehensive health care reform bill, the Affordable Care Act (ACA). ACA includes numerous reforms aimed at improving the U.S. health care delivery system, controlling health care costs and expanding health coverage. ACA’s reforms have staggered effective dates; some provisions are effective now, while others take effect in 2014 and later. Read More
The Affordable Care Act (ACA) created a premium tax credit to help eligible individuals and families purchase health insurance through the new Affordable Insurance Exchanges. Recently, the IRS released final regulations that provide guidance on various aspects of the premium tax credit, including eligibility criteria. Read More
Since the Supreme Court recently upheld the health care reform law, it is likely that your employees are experiencing confusion about how this ruling will affect them. Read on for a list of common employee questions and how to answer them.
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