HR & Compliance

  • May Health Care Reform Update by

    Posted on: May 9, 2013Categories: HR & Compliance

    (May 9, 2013) On May 8, 2013, the Department of Labor (DOL) released guidance on the Exchange notice requirement. This notice was supposed to have been provided to employees on March 1, 2013 but the DOL postponed this on January 24, 2013. Under the new guidance released, the notice has to be supplied  by October 1, 2013 to all current employees. For new hires, beginning October 1, 2013, the DOL will consider a notice to be provided at the time of of hiring if the notice is provided within 14 d ...

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  • HCR Update-Early Renewals by

    Posted on: May 1, 2013Categories: HR & Compliance

    (April 29, 2013) Over the past two weeks, we have seen many carriers send out information for small employers regarding an early renewal. This option allows small employers the option to renew their coverage in late 2013 instead of waiting to renew their 2014 policy anniversary dates. For example, if you renewed on February 1 of 2013, you could renew your coverage again on Dec. 1, 2013 and have your first renewal after ACA on Dec. 1, 2014. What are the advantages of renewing early: Premium ...

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  • May 2013 Health Care Reform by

    Posted on: April 30, 2013Categories: HR & Compliance

    Several key reforms under the Affordable Care Act (ACA) measure the affordability of employer-sponsored health insurance coverage. Effective January 1, 2014, the affordability of an employer’s health plan may be assessed in the following three contexts: the shared responsibility penalty for large employers, the premium tax credit for low-income individuals to purchase health coverage through an Affordable Care Act exchange, and the tax penalty imposed on individuals who fail to obtain health i ...

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