President Obama signed the PACE Act into law. This law allows the states to maintain the current 1-50 employee definition of small group and gives states the ability to expand the small group definition up to 100 employees…
Read MoreThe January 2016 ACA reporting deadline is quickly approaching. Large employers who do not have a plan in place for capturing the information and completing the reporting must address this immediately. Many payroll vendors can provide varying levels of assistance…
Read MoreFor employers who have not already made preparations to comply with the PPACA’s reporting requirements, now is the time to do so. The first reporting is due in January 2016 for the 2015 calendar year. Employers who do not proactively track the infor-mation that must be reported will likely find ...
Read MorePCORI Fee Due July 31st Employers sponsoring self-funded health plans, including most HRAs, must file IRS Form 720 and pay the PCORI Fee by July 31st. What is the PCORI Fee? The PCORI Fee is an annual fee imposed on insured and self-funded health plans to help support the Patient-Centered ...
Read MoreThe Cadillac Tax is an annual tax on high-cost employer-sponsored health plans and is scheduled to take effect in 2018. The Cost: The tax is equal to 40% of the cost of the plan that exceeds a predetermined “threshold amount.” Currently, the threshold amounts are set at $10,200 for single ...
Read MoreMost Americans were required to have health insurance as of January 1, 2014. Due to this requirement, many employers are receiving questions from their employees regarding what they will need to complete their 2014 tax return.…
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