OVERVIEW On Dec. 20, 2019, President Trump signed into law a spending bill that prevents a government shutdown and repeals the following three taxes and fees under the Affordable Care Act (ACA): The Cadillac tax on high-cost group health coverage, beginning in 2020; The medical devices excise tax, beginning in 2020; and The health insurance … Continue reading CADILLAC TAX AND OTHER KEY ACA TAXES REPEALED
Beginning in 2020, employers of all sizes may implement a new HRA design – an individual coverage HRA (ICHRA) – to reimburse their eligible employees for insurance policies purchased in the individual market or Medicare premiums. Final rules released by the Departments of Labor, Health and Human Services (HHS) and the Treasury (Departments) permit employers … Continue reading NEW ICHRAs – Employers Paying Individual Insurance Premiums
Employers that sponsor group health plans should provide certain benefit notices in connection with their plans’ open enrollment periods.
FOR IMMEDIATE RELEASE CONTACT: Farren Baer Sr. Vice President of Education (202) 595-0796 or email@example.com Washington, D.C. – Susan Justice President, Emery Benefit Solutions, Bloomfield Hills, MI recently received the Registered Employee Benefit Consultant® (REBC®) designation from The National Association of Health Underwriters (NAHU). NAHU views this designation as … Continue reading Susan Justice Earns Professional Recognition from Health Insurance Industry
In January, the Department of Labor (DOL) increased the civil penalty amounts that may be imposed on employers under the following federal laws: The Fair Labor Standards Act (FLSA) The Employee Retirement Income Security Act (ERISA) The Family and Medical Leave Act (FMLA) The Occupational Safety and Health Act (OSH Act) These increased amounts apply … Continue reading DOL Increases Civil Penalty Amounts for 2019
The IRS recently issued a Revenue Procedure to index the contribution percentages used to determine the affordability of an employer’s plan under the Affordable Care Act (ACA). These updated affordability percentages are effective for taxable years and plan years beginning Jan. 1, 2019. They represent a significant increase from the affordability contribution percentages for 2018. … Continue reading ACA Affordability Percentages Will Increase for 2019
On June 19, 2018, the Department of Labor (DOL) released a final rule that gives small businesses more freedom to join together as a single group to purchase health insurance in the large group market or to self-insure. These benefit arrangements are called association health plans (AHPs). By forming AHPs, small employers can avoid certain … Continue reading DOL Finalizes Rule to Expand Association Health Plans
The Affordable Care Act (ACA) created reporting requirements under Internal Revenue Code Sections 6055 and 6056 that require certain employers to provide information to the IRS about the health plan coverage they offer (or do not offer) to their employees. The annual deadline for the 2017 calendar year was Feb. 28, 2018, or April 2, … Continue reading Did You Miss the April 2 ACA Reporting Deadline? Here’s What’s Next.
On Jan. 22, 2018, President Donald Trump signed a short-term continuing spending resolution into law to end the government shutdown and continue funding through Feb. 8, 2018. The continuing resolution impacts the following three taxes and fees under the Affordable Care Act (ACA): Cadillac tax Health insurance providers fee Medical device excise tax Cadillac Tax … Continue reading Spending Resolution Affects ACA Taxes
OVERVIEW On Jan. 5, 2018, the Department of Labor (DOL) announced that, effective April 1, 2018, employee benefit plans must comply with new requirements for disability benefit claims. In 2016, the DOL released a final rule to strengthen the claims and appeals requirements for plans that provide disability benefits and are subject to the Employee … Continue reading New Rules for Disability Claims Will Take Effect on April 1, 2018