HR & Compliance

  • Does Employer Health Coverage Affect Eligibility for Premium Savings through the Marketplace? by

    Posted on: August 21, 2014Categories: HR & Compliance

                    Yes. If you have an offer of health coverage from your employer that meets certain standards, you will not be eligible for a tax credit through the Marketplace and may wish to enroll in your employer's health plan. However, you may be eligible for a tax credit that lowers your monthly premium, or a reduction in certain cost-sharing if your employer does not offer coverage to you at all or does not offer coverage that meets certain ...

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  • Repaying Subsidy Overpayments by

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

    To help eligible families and individuals purchase health insurance through an exchange, premium tax credits and cost-sharing reductions were created. These subsidies reduce the out-of-pocket premium costs making coverage more affordable. These subsidies became available at the beginning of 2014 and will be available during the 2015 open enrollment period beginning November 15, 2014. Both subsidies are calculated by the taxpayer’s household income and family size based on taxable year and fede ...

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  • Reporting Requirements for Employers and Health Plans by

    Posted on: August 14, 2014Categories: HR & Compliance

    The Affordable Care Act (ACA) created a number of federal reporting requirements for employers and health plans. The additional reporting is intended to promote transparency with respect to health plan coverage and costs. It will also provide the government with information to administer other ACA mandates, such as the large employer shared responsibility penalty and the individual mandate. This Legislative Brief provides a summary of the following reporting provisions:   ACA Reportin ...

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