Individual Mandate Penalty No Longer Applies
The individual mandate is also referred to as the individual shared responsibility provision. The Affordable Care Act (ACA) established the rule in 2014 that all individuals must obtain [...]
A Complete Guide to Qualifying Life Events
The Affordable Health Care Act requires Americans to carry an insurance plan that adheres to the 10 minimum essential benefits. Employers are also required to adhere to the ACA. However, [...]
What the Media Isn’t Telling You About President Trump’s Health Care Amendment (AHCA)
President Trump’s Actual Health Care Amendment You’ve probably read the headlines: “The New Study That Shows Trumpcare’s Damage,” The New York Times, “GOP Health Plan: Don’t Get Sick (Especially [...]
How Has the Affordable Care Act Affect the Cost of Care
The Affordable Care Act’s affect on the cost of care Since the Affordable Care Act (ACA) became the law of the land in 2010 and later implemented into the markets in 2014, it has had a [...]
New Overtime Ruling from the Depart of Labor, how will it affect my business?
New Overtime Ruling From The Department Of Labor The US Department of Labor (DOL) released its final rule that will raise the white collar overtime exemption threshold under the Fair Labor [...]
What is an ERISA “wrap” document, and how does it differ from a regular plan document?
Posted by Maschino, Hudelson & Associates on 08/26/2011 ERISA requires group health plans to have a written plan document in place, and to provide a summary plan description (SPD) to [...]
One of our clients is looking into putting in a Section 105 plan to pay for their employees’ individual health insurance premiums. Our client is thinking about dropping their group health plan and getting their employees individual health plans and contributing an amount each month towards their premiums under a Section 105 plan. The company is a corporation. Is this something they can do and if so how does it work?
I wanted to get back to you quickly on this issue as this is not allowed. An employer is not permitted to pay the premiums for an employee’s individual policy on a tax advantaged basis. Please [...]
Should you offer Employees Health Care Benefits?
Benefits are a critical piece of an employee compensation package, and employee health care benefits are the crown jewel. Health care benefits, along with time-off benefits, are the most popular [...]
Small Business Health Care Tax Credit for Small Employers
What You Need to Know about the Small Business Health Care Tax Credit How will the credit make a difference for you? For tax years 2010 through 2013, the maximum credit health care tax credit is [...]
IRS – finally – issues your health reform homework (but still in draft form)
More than four years after the Affordable Care Act was signed into law, employers are just now getting a complete picture of what’s required of them to comply with the employer “play-or-pay” [...]
