“In a much-anticipated decision, the Supreme Court upheld in King v. Burwell the validity of tax credits under the Patient Protection and Affordable Care Act (ACA) that are available to individuals in States that have Federal Exchanges. Citing the principal reforms of ACA—guaranteed issue and community rating requirements, a coverage mandate, and tax credits—the Court…
DetailsPlease watch this great VIDEO to understand the large employer reporting requirements and how you must begin to prepare now. Remember, as a client of Bestefits, you have access to a system to help simplify this reporting. It is easy to use and MUCH less expensive than any other system on the market. Contact us…
DetailsA number of large employers in the retail, restaurant, agriculture, manufacturing and other predominantly low-wage employee industries have had to reduce employee hours in order to reduce their exposure to PPACA employer mandate penalties and the cost of offering employer-sponsored group medical insurance coverage. “In the first lawsuit of its kind, a proported class of…
Details“Driven by the developmental and retail costs of specialty drugs and a less-than-robust generic drug market, pharmaceutical price increases will move into the double-digit range by 2016.” READ MORE HERE
This is a question that is often asked by employers. The media tends to exaggerate the number of employers that currently use this tactic or are considering using this tactic in the future. I will highlight the main reasons employers consider this strategy as well as the pitfalls of employing such restrictions. However, I strongly…
Details“The Kaiser Family Foundation did a little investigation into the accuracy of income estimates, and found that only 5 percent of those who applied for the subsidy don’t have to repay part of it or will receive a refund.” This is why Bestefits worked closely with clients to help explain subsidy eligibility, how to best…
DetailsSome individuals are exempt from the tax but this can be complicated to figure out. “IRS officials noted, near the bottom of their notice, that taxpayers can get some exemptions simply by filling out special tax forms, or even by checking boxes on the tax forms they usually file, but that a taxpayer has to…
Details“The Association of American Medical Colleges has produced a study designed to quantify this shortage. And the number they’re projecting is a big one: a 90,400-physician shortfall by 2025. That’s the high-end number. AAMC says the shortfall could be as low as 46,100 — still a serious gap between providers and patients.” Patients were experiencing…
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