Category: "ACA/Health Care Reform"

Employers Stuck Between A Rock And A High Deductible Health Plan

20 October, 2015 | 1 Comments

Health insurance deductibles are a fairly common practice in the world that we live in. An employer offers a specific health care plan to employees, in which the employee will pay a certain amount of money out of pocket for health care before their coverage can officially begin. However, the recent...

ACA Employer Reporting Compliance — Part 2

18 August, 2015

Part 1 introduced some of the challenges of the reporting requirements. The Affordable Care Act (ACA) requires employers to report information about the offer of health insurance coverage to their employees. Some Applicable Large Employers (ALEs) — defined as those with more than 50 full-time equiv...

ACA Employer Reporting Compliance — Part 1

10 August, 2015

The employer reporting requirements of the Affordable Care Act (ACA) continue to challenge and confuse many of those who must comply.  The law empowers the IRS to verify and enforce that large employers have offered their employees affordable health insurance plans with at least minimal essential co...

Cadillac Tax Implementation is Full Steam Ahead

05 August, 2015

One of the few remaining Affordable Care Act (ACA) requirements is a 40 percent excise tax on employer-sponsored health insurance coverage that exceeds specified threshold amounts. Also known as the Cadillac tax, it becomes effective in 2018 and is expected to be a major source of revenue. As a fol...

Increased Penalties for Failing to File Information Returns

15 July, 2015

While we already knew there would be penalties for failing to file IRS forms 1094 and 1095, the recently enacted Trade Preferences Extension Act of 2015 revised Section 6721(a)(1) of the Internal Revenue Code, providing penalty increases, making it more painful should an employer fail to file in a t...