IRS and DOL Issue Guidance on Association Health Plans

Both the IRS and Department of Labor (DOL) have issued new compliance guidance for association health plans (AHPs). On June 21, 2018, the DOL published a final rule that expands the ability of employers to join together to form AHPs. According to the DOL, these changes will expand access to affordable, high-quality health insurance coverage … Continue reading IRS and DOL Issue Guidance on Association Health Plans

Spending Resolution Affects ACA Taxes

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

Cigna to Buy Express Scripts in $67 Billion Deal

Health insurer Cigna Corp. announced today, March 8, 2018, that it would purchase Express Scripts Holding Co., a pharmacy benefits manager (PBM) for $67 billion in cash and stock, including $15 billion assumed for Express Scripts’ debt. This announcement is the latest in a trend of merging health care companies and follows the December 2017 … Continue reading Cigna to Buy Express Scripts in $67 Billion Deal

DID YOU KNOW?

Ninety-two percent of U.S. employers say that the severe skills shortage experienced by industries is negatively affecting employee productivity, engagement and retention, according to the Hays U.S. 2018 Salary Guide. Respondents revealed that a lack of training and development and fewer workers entering their industries were the main causes of the shortage. Contact us for … Continue reading DID YOU KNOW?

PRESIDENT SIGNS EXECUTIVE ORDER DESIGNED TO CHANGE ACA RULES

OVERVIEW On Oct. 12, 2017, President Donald Trump signed an executive order intended to change certain rules under the Affordable Care Act (ACA). The order would relax regulations on association health plans. This change could allow individuals and small businesses to purchase health insurance policies across state lines and avoid certain ACA requirements. The executive … Continue reading PRESIDENT SIGNS EXECUTIVE ORDER DESIGNED TO CHANGE ACA RULES

DOL Announces New Standard for Unpaid Interns

OVERVIEW On Jan. 5, 2018, the U.S. Department of Labor (DOL) announced that it would adopt a new standard for determining whether interns and students are “employees” who must be paid under the Fair Labor Standards Act (FLSA). The DOL clarified that, going forward, it would abandon its six-part test and instead adopt the “primary … Continue reading DOL Announces New Standard for Unpaid Interns