New ACA Affordability Percentage and Penalty rates for 2020 are Here! While changes have been made to the Affordable Care Act (ACA), employers still must comply with the basics of the law. Including offering affordable coverage (employers with more than 50 full-time or equivalent employees) to all full-time employees. In this article, we’ll discuss the […]
Affordable Care Act Ruled Unconstitutional – Now What?
How Should Employer’s Respond? Texas U.S. District Judge Reed O’Connor ruled on Friday that the Affordable Care Act is unconstitutional. This announcement during the Marketplace open enrollment period has created questions for employers and employees alike. As a result, it has also reignited the discussion over healthcare in the country. Even though the ACA reformed […]
Avoid Obamacare Scams
Obamacare confusion creates opportunity for fraud. The Federal Trade Commission is already receiving complaints from people who have been contacted by individuals claiming to need information in order to help the person comply with the Affordable Care Act (Obamacare). They may ask for social security numbers, financial information, a current health insurance card number or […]
Ready, Set, Get Prepared for Obamacare!
Obamacare Accounts Can Be Registered Today The Health and Human Services Department (HHS) announced today that individuals don’t have to wait until October to set up their accounts for enrollment in healthcare. An individual will not be able to actually enroll until October 1, 2013. However, in an effort to get people ready for the […]
Employer Shared Responsibility Penalty Delayed
Employer Pay or Play Penalty Delayed to 2015 from BCL Systems, Inc. The Employer Shared Responsibility Penalty under the ACA Will Not Be Assessed by IRS until 2015 The Treasury Department recently announced that the IRS will not enforce the employer shared responsibility penalty. Under the Affordable Care Act (ACA), an employer with more […]
The Affordable Care Act’s Effect on COBRA
The Affordable Care Act and COBRA Beginning in October, 2013 enrollments in the Insurance Marketplace (State or Federal Exchanges) will begin. Since former employees will now be eligible for coverage under one of the State Insurance Marketplace plans, what happens to COBRA coverage? Does an employer still have to offer COBRA coverage? Will employees […]
Surcharge For State Exchanges
Individuals and their Families could pay Surcharge for State Exchanges According to the HHS Proposed Regulations , the Federal Government is discussing charging a fee to insurance companies who offer products in the State Exchanges where the States have refused to participate. In other words, in the current 17 states that have declined or not […]
HHS State Exchange
State Exchanges March On or do They? States are moving ahead on building State Exchanges, but… Health and Human Services (HHS) Secretary Kathleen Sebelius announced today that the following states have received new grants to establish State Exchanges under the Affordable Care Act: California Connecticut Hawaii Iowa Maryland Nevada New York Vermont “We […]