One of the most important issues on the mind of business owners is the Affordable Care Act and its Employer Shared Responsibility provision. Due to the implementation timeline of the ACA and some of the delays to provisions like ESR, there is a lot of confusion among those in the
On July 24, 2014, the IRS posted preliminary, unofficial drafts of forms that the ACA compels employers, plan administrators and employees to file, among other items, to certify coverages offered and provided to employees in 2015. They are Form 1094-B (“Transmittal of Health Coverage Information Returns”), Form 1094-C (“Transmittal of Employer-Provided Health Insurance Offer and Coverage Information Returns”), Form
The IRS has threatened employers with ACA penalties of $100 per day, per employee, and non deductible or $36,500 per employee. This makes those $2,000 and $3,000 penalties look diminutive. Employers who maintain a "non-integrated" employer payment plans would be subject to these penalties. These would include HRAs, excluding retiree-only
Compliance with the Affordable Care Act just got a little more demanding for employers – determining which of your employees are full-time and which are not is now a major portion of the final Affordable Care Act regulations published February 2014 in the Federal Register. In order to determine whether an
http://www.cnbc.com/id/100963714?__source=yahoo%7Cfinance%7Cheadline%7Cheadline%7Cstory&par=yahoo&doc=100963714%7CObamacare%20is%20coming,%20and
http://blogs.kqed.org/stateofhealth/2013/07/02/obama-administration-delays-employer-mandate-for-one-year/
May 23, 2013 was a historic day for California. Covered CA, the state Individual Health Insurance Exchange, announced its final plans, rates, and the rating regions. Finally shining a small light on what we can expect for next year, the press release made today gave us some answers, but not
The California Health Insurance Exchange, Covered California unveiled their website today along with estimates of what the individual can expect to pay in premiums and out-of-pocket healthcare costs. You can calculate your estimated premium by visiting: Covered CA Cost Calculator At Van Beurden Insurance we can help you analyze which plan best
By a 5-4 vote, the Court held the mandate valid under Congress' constitutional authority "to lay and collect Taxes" to provide for "the general Welfare of the United States." The penalty for failing to carry insurance possesses "the essential feature of any tax," producing revenue for the government, Chief Justice