Although Halloween may be right around the corner, the date striking fear in the hearts of staffing agency owners around the country is actually January 1, 2016. That date marks the arrival of the full brunt of the Affordable Care Act (ACA) for businesses with...
Companies with more than 50 full-time employees should start preparing to file the proper IRS Information Returns related to employer-provided healthcare coverage. Beginning in February 2016, employers (and insurers) must file complex information returns designed to help the IRS enforce the Affordable Care Act (ACA). These forms (the...
ACA – Is Self-Funding an Option? One option that staffing firms are exploring to control their projected benefits costs is partially self-funded plans. A growing number of U.S. employers are making the switch to self-insuring as a way to reduce costs and improve service. Self-insuring or...
Preventive Care According to the U.S. Centers for Disease Control and Prevention (CDC), 7 out of 10 Americans die each year from chronic diseases, many of which are preventable. When preventive care is used and illnesses and diseases are caught early enough, individuals can avoid or...
Effective for 2014, the Affordable Care Act (ACA) allows health insurance issuers in the individual and small group markets to impose a tobacco use surcharge, within a ratio of 1.5 to 1. This means that, beginning in 2014, health insurance issuers in the individual and...
Penalties for Pre-tax Contributions to Employee Individual Health Premiums On May 13, 2014, the Internal Revenue Service (IRS) issued FAQs addressing the consequences for employers that provide employer payment plans. The IRS clarified that these arrangements do not comply with the Affordable Care Act’s (ACA) market...
Insurance Market Nondiscrimination Reforms for 2014 Despite the employer mandate being pushed back for 12 months, there are still many changes taking place within healthcare reform. The carriers will have to adhere to new rules regarding insurance market nondiscrimination reform. Here are some of the facts. Effective...
With the ACA employer penalties postponed, are you up to date on what is and what isn't going into effect in January 2014?
...Do you know what the Pay or Play mandates are and how you can avoid them? Here's a quick explanation.
...Here's a break down of what State/Federal insurance exchanges actually are, just in case you're confused.
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