I was asked today about steps employers with 50 to 99 full-time equivalent employees may take to avoid the rapidly approaching 2016 requirement that their health plans be treated as small employer plans – and all that entails. Some states are allowing existing plans to continue under the existing rules that allow these plans toContinue reading ““Grandmother What Big Teeth You Have””
Author Archives: NAHU
Avoid Dollar Guzzling ACA “Cadillac Tax”
Employers have been pummeled with change after change in the five (5) years since enactment of the Affordable Care Act (ACA). With many of the Act’s changes now implemented or well under way, there remains one provision that has many employers feeling anxious. The provision creating this anxiety is the 40% excise tax on theContinue reading “Avoid Dollar Guzzling ACA “Cadillac Tax””
Tax and Enrollment Statistics of Note
We all know about the know the Benjamin Disraeli quote about lies and statistics but, in this case, a quote from Ron DeLegge II is more appropriate. He said, “99 percent of all statistics only tell 49 percent of the story.” And, with the ACA, the story is an ever evolving on e! That being said, I foundContinue reading “Tax and Enrollment Statistics of Note”
Et tu, Special Enrollment?
Brokers may have to cancel a much needed spring break due to today’s CMS announcement of a new – one time – special enrollment period that will begin March 15, 2015 and end April 30, 2015. The special enrollment will give people an opportunity to enroll in coverage so they don’t face another tax penaltyContinue reading “Et tu, Special Enrollment?”
50 Shades of Employer Responsibility
Depending on which article or newsletter you see, the number of full-time and full-time equivalent employees that subjects an employer to the ACA’s employer responsibility requirements is either 50 or more than 50. Hmm, it can’t be both! So, this answer is correct? The answer is 50! Here is the answer straight from the IRS:Continue reading “50 Shades of Employer Responsibility”
First Compliance Step, Are You Big or Small?
Whenever you’re speaking with an employer about health insurance and the Affordable Care Act (ACA) , the first thing you need to establish is whether the employer is a large or small employer according to the ACA. Depending on whether an employer has 50 or more full-time equivalent employees (FTEs), the response you make toContinue reading “First Compliance Step, Are You Big or Small?”
Accountants and Other Strangers
We’ve been seeing a lot of media stories on tax filing and the Affordable Care Act. This is the first year when individuals will have to address whether they have coverage – or not – when they file their taxes. This tax change, like any change, causes conflict and opportunity. The conflict will arise whenContinue reading “Accountants and Other Strangers”
Focus on Subsidies may Shortchange Employer Plan Benefits
It seems that everyone is focused on the availability of subsidies in the exchange plans. We get many questions about whether and how employees can qualify for a subsidy. The general answer is that if an employee has an offer of coverage from their employer and it meets the affordability and coverage requirements – theyContinue reading “Focus on Subsidies may Shortchange Employer Plan Benefits”
Compliance NOW! 