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ACA ‘Cadillac Tax’ Delayed to 2022
The short-term spending bill that ended the government shutdown on Jan. 22 included a small provision that again delayed the Affordable Care Act’s (ACA) “Cadillac tax,” now to 2022. So nicknamed because it targets employer-sponsored health plans with the most generous level of benefits, the Cadillac tax originally was to take effect in 2018. In […]
Employer Deadline Extended for Furnishing 2017 ACA Forms
Distribution of 2017 Affordable Care Act (ACA) Forms 1095-B or -C to your employees has been extended. As issued in Notice 2018-06, the IRS has extended the deadline from Jan. 31 to March 2. (However, the deadline to provide Forms W-2 and 1099 to employees and contract workers remains as Jan. 31.) Filing deadlines unchanged […]
Employers Unaffected by ACA Changes in New Tax Law
On December 22, President Trump signed the Tax Cuts and Jobs Act. The bill includes a provision that reduces the penalty for not complying with the Affordable Care Act’s (ACA) individual mandate to $0, effectively removing the penalty for individuals who do not have health insurance coverage after the effective date of Jan. 1, 2019. […]
IRS Quietly Prepares to Assess ACA Employer Shared Responsibility Payments
Late last week, without announcement, the IRS amended a FAQ about its planned process for assessing employer shared responsibility payments (ESRPs) under the Affordable Care Act (ACA). Previously, the document suggested that further guidance would be forthcoming, prior to notifying affected applicable large employers (ALEs) about potential penalties owed under the federal health care law’s […]
Trump Announces 2 Changes to ACA
Update 10/18/2017 – On October 17, Senators Lamar Alexander and Patty Murray announced a tentative bipartisan deal to help stabilize the ACA Marketplaces and potentially fund Cost Sharing Reduction payments for two years. The bill must pass both the Senate and the House before it becomes effective, and would also require President Trump’s signature. On […]
Addressing Employer Confusion With Pregnancy Related Laws: What to Expect When Your Employees Are Expecting
The best way to prevent pregnancy discrimination is to understand the laws which can be implicated. Such laws include the Family and Medical Leave Act, Pregnancy Discrimination Act, the Americans with Disabilities Act Amendments Act and the Affordable Care Act. Unfortunately, understanding the intricacies of each of these laws can be difficult and confusing, so […]
IRS Continues to Enforce Affordable Care Act
The IRS recently released an information letter indicating that the IRS continues to enforce the Affordable Care Act (ACA). Dated June 30, Letter 2017-0010 was sent to a member of Congress who reached out to the IRS at the request of a constituent, a tax-exempt entity concerned it may owe an employer shared responsibility payment […]
ACA Awaits Repeal or Repair
ACA Update on October 13, 2017: Trump Announces two Changes to ACA After his electoral win in November, President Donald Trump, buoyed by Republican majorities in the House and the Senate, vowed to act quickly to repeal and replace the Affordable Care Act (ACA). Pres. Trump has now been in office for a month, and […]
6 Compliance Changes to Check in 2017
Employers can expect developments in 2017 related to the Fair Labor Standards Act (FLSA), the Affordable Care Act (ACA), Equal Employment Opportunity Commission (EEOC) requirements and several other workplace regulations concerning compliance. Here’s a closer look. 1. Fair Labor Standards Act On Nov. 22, 2016, Judge Amos L. Mazzant III of the U.S. District Court […]
Small Businesses Can Now Compensate Employees Who Purchase Their Own Health Insurance
New, small employer ACA requirements effective for plans beginning after Dec. 31, 2016 President Barack Obama recently announced a small gift for small businesses as it relates to insurance. Title 18 of the new 21st Century Cures Act, signed by President Obama on Dec. 13, 2016, allows small employers the use of Health Reimbursement Arrangements […]
The Top 10 Blog Posts of 2016
With 2017 just around the corner, now is a good time to celebrate the closing of a perplexing year for businesses across the country with a re-cap of the top 10 most popular blog posts of 2016. Over the last 12 months, employers and HR professionals have been on high-alert regarding compliance-related issues like overtime expansion and the evolution […]
Another Extension for the ACA Forms
Another year brings another extension for the Affordable Care Act (ACA) forms, but this time the continuation only applies to furnishing Form 1095-B and 1095-C to your employees. Internal Revenue Service (IRS) Notice 2016-70, issued Friday, November 18, extended the deadline to furnish ACA forms to employees from January 31, 2017, to March 2, 2017. […]