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COBRA Notice Requirements Video
Posted on: November 29, 2012Categories: HR & ComplianceDue to the constant changes in health care reform and employee benefits, Clarke & Company Benefits will be providing our clients and the public with access to detailed video segments presented by experts on compliance related topics. We want you to feel confident that you are compliant and understand these changes. These videos will include topics such as W-2 Reporting Requirements, COBRA, Family Medical Leave Act, and many more. We will continue to highlight each video on our HR & ...
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November 2012 Health Care Reform
Posted on: November 7, 2012Categories: HR & ComplianceAdditional Medicare Tax The Affordable Care Act (ACA) increases the Medicare hospital insurance tax rate for high-income individuals beginning in 2013. The Additional Medicare Tax applies to individuals' wages, other compensation and self-employment income over certain thresholds. Employers are responsible for withholding the tax on wages and other compensation in certain circumstances. The Additional Medicare Tax goes into effect for taxable years beginning after December 31, 2012. The rate ...
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October 2012 Health Care Reform
Posted on: October 3, 2012Categories: HR & ComplianceDetermining Minimum Value On August 31, 2012, the IRS issued Notice 2012-59 in conjunction with the DOL and HHS to provide temporary guidance on the 90 day waiting period limit. The temporary guidance will remain in effect at least through the end of 2014. According to Notice 2012-59, if more guidance is issued on the 90-day waiting period limit for periods after 2014, plans and issuers will be given adequate time to comply with any additional or modified requirements. For employers to fall into ...