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Gamecocks Run
Posted on: February 20, 2015Categories: HR & ComplianceIn just one week, the University of South Carolina Athletic Department and Jam Active will be hosting the first annual Gamecocks Run. This will be a 6k run taking place in Columbia, SC on Saturday, February 28th, 2015. The race will start at 8:00am outside of William's Brice Football Stadium. While running or walking, participants will get to pass through key athletic and campus landmarks. From Williams Brice, racers will pass the Softball Stadium at Beckham Field, then pass the Caro ...
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Understanding Employer Reporting Requirements of the Health Care Law
Posted on: February 19, 2015Categories: HR & ComplianceUnder the Affordable Care Act, applicable large employers– those with 50 or more full-time employees, including full time equivalent employees – are required to take some new actions. These employers must file information returns with the IRS and also provide statements to full-time employees about health coverage the employer offered or to show the employer didn’t offer coverage. Information reporting was voluntary for calendar year 2014. All applicable large employers are required ...
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IRS Guidance on Tax-Free Coverage for Children under Age 27
Posted on: February 17, 2015Categories: HR & ComplianceThe Affordable Care Act (ACA) requires group health plans that provide dependent coverage of children to continue to make the coverage available for an adult child until the child turns age 26. This adult child coverage mandate became effective for plan years beginning on or after Sept. 23, 2010. The ACA also provides for favorable tax treatment for coverage of adult children. Under the ACA, the value of health coverage provided for an employee's child who is under 27 years of age is not subjec ...