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Final Rule Issued on ACA Contraceptive Coverage Exemptions
Posted on: July 14, 2015Categories: HR & ComplianceUnder the Affordable Care Act (ACA), non-grandfathered health plans must cover certain preventive health services for women, including contraceptives, without imposing cost-sharing requirements for the services. On July 10, 2015, the Departments of Labor (DOL), Health and Human Services (HHS) and the Treasury (Departments) released final regulations on the ACA’s women’s preventive care coverage requirement. These regulations: Finalize an accommodation for eligible nonprofit organizations ...
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Penalties Increased for Section 6055 and Section 6056 Reporting Violations
Posted on: July 13, 2015Categories: HR & ComplianceThe Affordable Care Act (ACA) created new reporting requirements under Internal Revenue Code (Code) Section 6055 and 6056. These new reporting rules require certain employers to report information to the Internal Revenue Service (IRS) on the health coverage offered during the year. Related statements must also be provided to individuals. On June 29, 2015, President Barack Obama signed the Trade Preferences Extension Act of 2015 into law, which increases penalties for the failure to file correct ...
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U.S. Supreme Court Upholds ACA Subsidies in Federal Exchanges
Posted on: June 29, 2015Categories: HR & ComplianceOn June 25, 2015, the U.S. Supreme Court issued a final ruling in King v. Burwell. This case challenged the availability of health insurance Exchange subsidies in states with Exchanges run by the federal government. In a 6-3 decision, the Court held that, in drafting the Affordable Care Act (ACA), Congress intended for the federal government to provide subsidies in all states—those that established their own Exchanges and those that have federally facilitated Exchanges, or FFEs. According to ...