On February 12, 2014, the Treasury Department issued a “Fact Sheet and Final Regulations” that clarified the compliance landscape of the Affordable Care Act.
The Top Seven Things Every Human Resources Professional Needs to Know About Transitional Reinsurance Fees
Have you heard about the newest provision of the ACA, which began on Jan. 1, 2014? Transitional Reinsurance Fees (TRF’s) are a significant, but somewhat unpublicized funding provision took effect which impacts many employers offering health insurance to their employees. The Transitional Reinsurance Fee (“TRF”) program is, as its name implies, transitional in nature […]
Determining whether employees qualify as full-time (FTE) for purposes of the ACA is complex, at best. While the actual requirement to provide insurance to full time employees (or pay specified penalties) doesn’t take effect for most employers until 2014, the record-keeping period, both for determining large employer status and for determining coverage eligibility by employee, runs throughout 2013.
Even though most employers won’t face the “pay or play” decision until early next year, if there is any doubt in your mind that you are a “large employer” of 50 employees or more, the record-keeping you need to be doing is right now!
This month, HR and payroll professionals have a reprieve in Ascentis’ Health Care Reform Master Class. Designed to help busy HR and Payroll professionals stay up to date with some unprecedentedly complex laws and emerging regulations, this series will present a monthly bulletin and accompanying one-hour webinars focusing on particularly important, complex, and sometimes even murky areas of the law, focusing on the administrative impact for employers.
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