Category

Affordable Care Act

If You Don’t Provide Group Insurance to All Workers, Read This!

By | Affordable Care Act, Benefits & Insurance

Have you reminded your self-insured employees to sign up for a 2019 Marketplace plan, yet? This year, the enrollment period is shorter than in previous years—it runs through Saturday, December 15, 2018. (Workers in hurricane-affected areas may have until December 31, 2018.) After that, workers cannot get 2019 coverage unless they qualify for a Special Enrollment Period. On the plus side for the uninsured, the individual mandate, which requires those not enrolled in an approved plan…

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Employer Planning Strategies for the 2018 Healthcare Laws

By | Affordable Care Act, Benefits & Insurance, Employee Retention

With the ACA very much alive as we head towards the start of 2018, many employers may be adjusting their health insurance strategies. Applicable large employers—those with 50 or more FTEs—full time equivalent employees; a blended combination of full-time (30 hours per week) and part-time personnel—must provide “affordable” health insurance or face stiff penalties that are increasing again in 2018. For employers of fewer than 50 FTEs—small and midsized businesses (SMBs)—the mandate does not apply….

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Big Jump Predicted for Group Health Plans in 2018

By | Affordable Care Act, Benefits & Insurance, Employment News

Group health plan costs will nearly double the increase businesses experienced in 2017, according to surveys conducted by varied business advocacy groups. Plan costs are expected to rise 4.3 percent, even after plan changes and other measures to reduce costs. Without changes, the rise would be closer to 6 percent. That figure is far below the rises business owners experienced around the turn of the millennium, when they rose as much as 14 percent in…

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Affordable Care Act Tax Statements: A Primer

By | Affordable Care Act, Employment Law

The Affordable Care Act (ACA; also known as Obamacare) requires all Applicable Large Employers (ALEs) to offer their employees health insurance. In general, employers qualify as ALEs if they have at least 50 full-time employees, including full-time equivalent (FTE) employees—a combination of part-time employees that count as one or more full-time employees. Each year, employers must send a statement—Form 1095-C—to all employees eligible for coverage. Form 1095-C involves numerous special codes, some of which can…

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