Tag Archives: Affordable Care Act

Health Care Law: Tax Considerations for Employers with fewer than 50 Employees

Health Care Law: Tax Considerations for Employers with fewer than 50 Employees Some of the tax provisions of the Affordable Care Act apply only to employers with fewer than 50 full-time or full-time equivalent employees. Employers with fewer than 50 employees should take note of these tax considerations: More than

ERISA Violations: DON’T LET IT HAPPEN TO YOU

ERISA Violations: DON’T LET IT HAPPEN TO YOU As we have discussed in the past ACA Compliance can be very confusing and difficult to stay on top of all the current and ever changing regulations. Let your partners at NEDA and HF&C help you make sure you are in compliance

Your health insurance company may ask for your Social Security Number

Your health insurance company may ask for your Social Security Number Your health insurance company may request that you provide them with the social security numbers for you, your spouse and your children covered by your policy.  This is because the Affordable Care Act requires every provider of minimum essential

Federal Continuation Health Coverage Laws – COBRA

Federal Continuation Health Coverage Laws – COBRA Not only are there specific COBRA guidelines that must be followed on a Federal level, but additional guidelines may be in place at your state level as well. Your partners at NEDA and HF&C are here to help you understand the COBRA guidelines

All Dealers – ACA Compliance

All Dealers – ACA Compliance Beginning in 2016, the definition of “small employer” for insurance rating and underwriting purposes changes. In general, employers with 51–100 full-time equivalents (FTEs) may now fall into the small employer category, and such groups will be subject to community rating and required to offer essential

HF&C Compliance Alert: Small Group Market – Changing Definition

HF&C Compliance Alert: Small Group Market – Changing Definition Why this may not directly impact you, we feel it is important to keep you engaged with the ever changing world of ACA compliance. Beginning in 2016, the definition of “small employer” for insurance rating and underwriting purposes changes. In general,

What the ACA decision means to employers

What the ACA decision means to employers The U.S. Supreme Court preserved key provisions of President Obama’s Affordable Care Act (ACA), maintaining insurance subsidies despite a stiff challenge from opponents. By a 6 to 3 vote, the Court ruled that health insurance subsidies are available to all qualifying individuals buying coverage

Federal Warning Summary Plan Descriptions (SPDs) Must Be Distributed to Your Plan Participants

Federal Compliance Warning Summary Plan Descriptions (SPDs) Must Be Distributed to Your Plan Participants Would you be willing to pay a fine up to $1000 per individual employee for something as simple as not distributing the correct insurance documents? With the current ACA regulations it is very important to understand

HF&C BeneFIT Compliance Alert: Employer Reporting Requirements

HF&C BeneFIT Compliance Alert: Employer Reporting Requirements Beginning in early 2016, employer reporting will be required for the first time based on data from the 2015 calendar year. Depending on the size of the employer and the funding arrangement of the benefits offered, employer reporting requirements vary in regard to

IRS Releases Final Reporting Forms and Instructions

The IRS has released final forms and instructions for the ACA employer reporting requirement. Applicable large employers (ALEs, generally those with 50 or more FTEs), and small employers with self-funded group health plans, are required to report certain plan information to the IRS and to provide statements to employees, beginning

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