HR & Compliance

  • December Benefits Buzz by

    Posted on: November 18, 2014Categories: HR & Compliance

    Agencies Prohibit All Employer Reimbursement of Individual Premiums Due to the rising costs of health coverage, employers have shown interest in helping employees pay for individual health insurance policies instead of offering employer-sponsored plans. In response, on Nov. 6, 2014, the Departments of Labor (DOL), Health and Human Services (HHS) and the Treasury (Departments) issued FAQ guidance stating that these arrangements do not comply with the Affordable Care Act’s (ACA) market reforms ...

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  • Agencies Prohibit All Employer Reimbursement of Individual Premiums by

    Posted on: November 13, 2014Categories: HR & Compliance

    Due to the rising costs of health coverage, employers have shown interest in helping employees pay for individual health insurance policies instead of offering an employer-sponsored plan. In response, on Nov. 6, 2014, the Departments of Labor (DOL), Health and Human Services (HHS) and the Treasury (Departments) issued FAQ guidance clarifying that these arrangements do not comply with the ACA’s market reforms and may subject employers to penalties. Although it was widely believed that these p ...

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  • IRS Closes Minimum Value Loophole for Low-cost Employer Plans by

    Posted on: November 11, 2014Categories: HR & Compliance

    Under the Affordable Care Act (ACA), minimum value (MV) of an employer-sponsored plan is significant for a number of purposes. Beginning in 2015, certain large employers may be penalized if the health plan they offer does not provide MV. Also, an individual who is offered employer-sponsored coverage that is affordable and provides MV may not receive a subsidy for coverage through an Exchange. The Department of Health and Human Services (HHS) and the Internal Revenue Service (IRS) have provided f ...

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