Large employers, please read about the 27 reporting requirements of PPACA
This is information you will need to know for reporting as a large employer under PPACA, also known as Obamacare, ACA and the Patient Protection and Affordable Care Act.
Large Employer Reporting Requirements
The IRS released final regulations governing information reporting under Sections 6055 and 6056 for health plan coverage. This information will be used to determine if an applicable large employer owes Employer Mandate penalties if a full-time employee receives subsidized coverage through an exchange. These reporting requirements apply for calendar years after December 31, 2014 and…
DetailsWaiting period requirements for employer-sponsored group medical insurance have been eased, slightly.
Many employers made changes to their group medical insurance waiting period to conform to Patient Protection and Affordable Care Act (PPACA) requirements. The Federal requirement is that the group medical insurance waiting period not exceed 90 days with coverage to be effective on the 91st day. A ‘first of the month following 90 days’ strategy…
DetailsThe IRS been very clear on several occassions that employers are not allowed to use this strategy. Yet, employers continue to attempt it and some brokers and companies are still selling it!
Some large and small employers have considered sending full-time employees to the exchanges for individual coverage rather than offering group medical insurance. Companies such as Zane Benefits and some brokers are telling companies that they may do this and still take advantage of pre-tax medical insurance premium treatment by reimbursing employees’ individual medical insurance premiums…
DetailsWelcome to your June, 2014 updates on Health Care Reform, employee benefits compliance, employment practices and other useful information
Given that Health Care Reform has meant sweeping changes for employer-sponsored healthcare and numerous updates as result of clarifications by the IRS, DOL and HHS on portions of the law that were ambiguous or inconsistent, we have seen on-the-spot modifications as legislators attempt to address some of the unreasonable or impractical implications of the law…
DetailsResponding to Health Care Reform can be easier!
Bestefits creates a document to guide employers through the complexity of the Patient Protection and Affordable Care Act, also known as Health Care Reform, Obamacare, PPACA and ACA, in plain English and in steps you can understand. Legalease is not a language everyone speaks and it isn’t necessary in order to keep your business out…
DetailsEmployers and Health Reform 2014. What’s Here. What’s Coming. (Webcast)
SeeChange held a terrific webcast update on Health Care Reform and implications for all employers. These webcasts help us to stay up-to-date on the implication of Health Care Reform, also known as PPACA, ACA and Obamacare for our clients. SeeChange is an innovative medical insurance carrier that provides a great network and financial incentives to…
DetailsAre higher costs in the second half of 2013 a result of Health Care Reform or other factors?
“Healthcare spending grew broadly in 2013, and especially in the second half of 2013, according to the New York Times in its Saturday, April 19, 2014 article entitled “Health Care Spending’s Recent Surge Stirs Unease.” READ MORE
Insurance Carrier Update with Warner Pacific
Through our fantastic General Agent partners, we get access to a wealth of information from the insurance carriers we represent for the clients we advocate. This event will address the myriad of changes to plans, rates, administrative requirements, underwriting and other important factors that affect our clients’ coverage following the passage of the Patient Protection…