The small business health care tax credit was included in the Affordable Care Act enacted in 2010. Under the ACA, eligible small employers can claim the credit for 2010 through 2013 and for two additional years beginning in 2014.
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.
This post is a reprint, in its entirety, from Leavitt Group. To view the original post, please click here. **************************************************************************** US Supreme Court Invalidates DOMA and Upholds Constitutionality of Same-Sex Marriage Today (June 26, 2013), the US Supreme Court issued groundbreaking 5-4 decisions in two separate cases involving the rights of same-sex couples. In the […]
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.
As 2014 approaches and health care benefits change, certain details will inevitably become more bogged down by numbers and statistics, making it more difficult to manage. Because this information is important, the understanding from all parties in the company is vital to an efficient and smooth turnover into the new year. This *webinar on […]
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