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ACA: What Employers Need to Know
Posted on: April 13, 2015Categories: HR & ComplianceThe health care law contains tax provisions that affect employers. The size and structure of a workforce-small, or large- helps determine which part of the law apply to which employers. The number of employees an employer has during the current year determines whether it is an applicable large employer (defined below) for the following year. Applicable large employers are generally those with 50 or more full-time employees or full-time equivalent employees Employees with fewer than 50 full-ti ...
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Benefits Bulletin
Posted on: April 6, 2015Categories: HR & ComplianceIRS Invites Comments on Cadillac Tax Implementation On Feb. 23, 2015, the Internal Revenue Service (IRS) issued Notice 2015-16 to describe potential approaches for a number of issues related to the Affordable Care Act’s (ACA) so-called Cadillac tax. The IRS is seeking comments as it begins developing guidance for the implementation of the Cadillac tax. Public comments may be submitted to the IRS until May 15, 2015. Proposed or final regulations have not yet been issued on the ACA’s Cadillac ...
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Lifetime and Annual Limits (Part 2)
Posted on: April 2, 2015Categories: HR & ComplianceThe Affordable Care Act (ACA) prohibits health plans from imposing lifetime and annual limits on the dollar value of essential health benefits. This mandate became effective for plan years beginning on or after Sept. 23, 2010. However, “restricted annual limits” were permitted for essential health benefits for plan years beginning before Jan. 1, 2014. On June 28, 2010, the Departments of Health and Human Services, Labor and the Treasury issued interim final rules regarding the ACA’s prohi ...