The New York Times 11/16/2017 reports that as the GOP and the Trump Administration make efforts to repeal the ACA, the IRS has started, “for the first time, to enforce one of the law’s most polarizing provisions: the employer mandate.” The article says the IRS will soon send letters to thousands of businesses – “many of [...]
You can expect to see a slight increase in IRS penalties related to the Affordable Care Act for the 2018 and 2019 tax filing seasons, which reflect reporting for the 2017 and 2018 tax years, respectively. These penalties apply to Applicable Large Employers (ALEs), which are organizations with 50 or more full-time or full-time equivalent [...]
U.S. District Judge Vince Chhabria rejected a bid by Democratic state officials to temporarily block the White House from restoring healthcare subsidies called for in the Affordable Care Act, saying the president’s action is likely to be lawful and will cause little immediate harm. Most states anticipated Trump’s action and established measures to keep health insurance [...]
President Trump Ends ACA Cost Sharing Reductions On the evening of October 12, 2017, President Trump announced that cost sharing reductions for low income Americans in relation to the Patient Protection and Affordable Care Act (ACA) would be stopped. The Department of Health and Human Services (HHS) has confirmed that payments will be stopped immediately. [...]
On Thursday, October 12, 2017, the White House released an Executive Order, signed by President Trump, titled "Promoting Healthcare Choice and Competition Across the United States." It is important to note that the Executive Order (EO) does not implement any new laws or regulations, but instead directs various federal agencies to explore options relating to [...]
According to Florida's Office of Insurance Regulations, Obamacare plan premiums may increase an average of 45 percent in Florida next year due to health insurance carriers request for rate increases. There are six insurers in Florida selling plans on and off the exchanges in 2018 including Blue Cross and Blue Shield, Celtic Insurance Company, Florida Health Care [...]
The Trump Administration could issue new rules as early as today which would expand exemptions to the federal requirement that employers include “birth control coverage in their health insurance plans. Millions of women have access to birth control without co-payments because of the contraceptive coverage mandate, according to a study commissioned by the Obama Administration.” [...]
On October 1, 2017 the Washington Post reported that “Congress just allowed the Children’s Health Insurance Program, which provided low-cost health insurance to 9 million children, to expire.” If Congress fails to act to restore the program, many children will be unable to get routine checkups, immunizations, prescriptions, doctor visits, dental and vision care, inpatient [...]
On September 26, Senate Republican leadership determined the Graham-Cassidy bill, which would repeal and replace parts of the Affordable Care Act (ACA), did not have enough support to bring up for a vote by the Senate. This bill was the Senate’s final attempt to repeal and replace the ACA under the fiscal year 2017 reconciliation [...]
According to the Society for Human Resource Management’s (SHRM) 2017 annual employee benefits report, these are some of the workplace perks that have increased in popularity over the last couple of years and some that have seen better days. Click Here