Compensation Solutions Blog
Human Resources Outsourcing (HRO – PEO – ASO – Payroll – Agency)
Bloomberg Business Week Article: The New Healthcare, is it Cheaper?
In an article published by Bloomberg Business Week, “Obamacare Should Make Health Care Cheaper—Just Not Right Away”, writer Elizabeth Dwoskin writes: This week, the Society of Actuaries threw a wrench into President Obama’s persistent assertions that his health-care overhaul is driving down the cost of health care. The nonpartisan professional association for insurance assessors came [...]
What is the PPACA – Patient Protection and Affordable Care Act, a/k/a Federal Healthcare Reform Law?
Am I considered a small business employer or possibly a large business employer? How do I figure it out? What are the new fees that are part of the PPACA? What is “Play or Pay”? How will all these changes affect my business? To hear all the above answers and more… Join us for our [...]
Healthcare Reform – Full-time Employee under the Employer Shared Responsibility Provision
Beginning January 2014, employers that generally employ 50 or more full-time employee equivalents will be subject to the Affordable Care Act provision known as the Employer Shared Responsibility. If an employer does not employ, on average, more than 50 full-time employee equivalents, then the employer is not subject to the Employer Shared Responsibility provision. Employers [...]
Federal SHOP Exchanges Delayed until 2015?
A major provision in the Patient Protection and Affordable Care Act, a/k/a Federal Healthcare Reform Law (the “Law”), was the establishment of what will be known as the Small Business Health Options Program (the “SHOP”). The SHOPS, which were intended to be operational in all states by 2014, will operate individually in each state with [...]
Healthcare premiums – sticker shock for all
Numerous recent reports from private groups, as well as, government officials who have come out publically to say that some Americans will see their insurance bills at least double as the health care overhaul law attempts to expands health coverage to millions of people. Additionally, current news from actuaries at health insurers state that they [...]
Patient Protection and Affordable Care Act – New Fees
Within the tens of thousands of pages of regulations promulgated for the Patient Protection and Affordable Care Act (the “Act” or “PPACA”), there are several provisions relating to fees and taxes. PPACA was envisioned to controls healthcare costs while simultaneously providing affordable healthcare insurance to the millions of uninsured. One of the many ways the [...]
Small Business Health Care Tax Credit
It’s that time of year again, tax time! As a reminder, businesses may be eligible for the Small Business Health Care Tax Credit. This business tax credit encourages small employers to offer and/or to continue to offer healthcare to their employees by providing a tax credit if certain eligibility criteria are met. The maximum credit [...]
Federal Exchange Subsidies
Last week we provided information on the Federal Exchange Subsidies of the Patient Protection and Affordable Care Act, a/k/a Federal Healthcare Reform Law (the “Law”). Beginning in 2014, the Law will provide premium tax credits and cost sharing subsidies to applicable taxpayers who enroll in health insurance through the Exchange. The Law is intended to [...]
Healthcare Reform Update: Medicaid Expansion and Premium Subsidies
The Affordable Care Act (“ACA”) expands Medicaid eligibility to individuals and families with income up to 133% of the Federal Poverty Level (“FPL”). Each state has decided to adopt or not adopt the expansion of the Medicaid eligibility. If a state has adopted the Medicaid eligibility expansion (see below for examples of two States’ decisions), [...]
Healthcare Reform Update: Employers – Controlled Groups and Related Entities
The Affordable Care Act (“ACA”) provision also known as Employer Shared Responsibility, mandates that employers who generally employ 50 or more full-time equivalents must offer group health insurance benefits to its full-time employees and their dependents or potentially pay a penalty. Employers can determine whether they meet the 50 or more full-time equivalent threshold for [...]