On the evening of October 12, 2017, President Trump announced that cost sharing reductions for low income Americans in relation to the Patient Protection and Affordable Care Act (ACA) would be stopped. The Department of Health and Human Services (HHS) has confirmed that payments will be stopped immediately. While there is no direct impact to … Continued
The Supreme Court issued its opinion in King v. Burwell, holding that the Internal Revenue Service (IRS) may issue regulations to extend tax-credit subsidies to coverage purchased through Exchanges established by the federal government under the Patient Protection and Affordable Care Act (ACA). The six-to-three opinion was authored by Chief Justice John Roberts, who … Continued
By Danielle Capilla, Chief Compliance Officer at United Benefit Advisors Answer: Under PPACA, coverage is considered affordable if it costs less than 9.5 percent of an employee’s household income. Because employers are often unaware of an employee’s household income, there are three safe harbors that an employer can use to determine affordability. One is the … Continued
By Jennifer Kupper, In-house Counsel for iaCONSULTING, a UBA Partner Firm Section 9010 of the Patient Protection and Affordable Care Act (PPACA) imposes a fee on each covered entity engaged in the business of providing health insurance for United States health risks. This is known as the Health Insurance Providers (HIP) fee or the Health … Continued
By Bill Olson, Chief Marketing Officer at United Benefit Advisors Employer health savings account (HSA) funding strategies have changed in recent years in response to the Patient Protection and Affordable Care Act (PPACA) and its impact on employer-sponsored health insurance plans. Employers are contributing less, on average, to HSAs and the increase in popularity of … Continued
By K. Michael Ward The Wilson Agency A UBA Partner Firm As a business professional who is trying to classify a worker, it is important to remain compliant with the IRS regulations that determine whether an individual providing services to your organization should be classified as an independent contractor or an employee. Furthermore, the “employer … Continued
Depending on the size of your company, you may have to comply to play or pay requirements in 2015. See what requirements you need and if you expect to pay a penalty in 2015.
The U.S. House of Representatives on Thursday passed legislation that would modify the Affordable Care Act’s definition of a full-time employee from one who works 30-hours a week to one who works 40-hours a week.
Newly released updated versions of several of the most in-demand PPACA resource guides that includes recent changes in play or pay regulations, compliance and responsibilities.
March brought some significant reporting requirements under The Affordable Care Act that affect employer’s compliance obligations. Read the most recent reporting requirements released in March here…
