Tag Archives | Breaking News

Employer Penalty in ACA—New Safe Harbor Rules

From the KT Health and Welfare Team: Just in time for Labor Day, the agencies this afternoon issued two pieces of guidance related to the definition of a full-time employee and the employer penalty provisions of the Affordable Care Act. The first piece of guidance, Notice 2012-58, sets forth safe harbor requirements for determining who [...]

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My Magic 8 Ball Says-There are three possible outcomes for a Supreme Court Ruling next week- Overturned

By Ric Joyner, MBA, CEBS, GBA, CFCI Co-CEO of eflexgroup.com Susie Playman, Director of Marketing Interesting ruling yesterday by SCOTUS which said unions cannot automatically take “special assessments” during the year from union members and non-union members (non-union members in a closed union shop). Special assessments like this usually come during an election year when [...]

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Obama Signs 1099 Repeal Bill.

Technorati Tags: NAHU,Taxes,1099,1099 Repeal,Small Business Nahu Newswire The AP (4/15) reports, “President Barack Obama has signed the first rollback of last year’s healthcare law, a bipartisan repeal of a burdensome tax-reporting requirement that’s widely unpopular with businesses.”         The Washington Post (4/15, Sonmez) “2chambers” blog reports, “The move marked the first successful effort by Congress [...]

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Principal Insurance to Exit Medical Business. Flex and HRAs will be affected

Technorati Tags: UHC,United HealthCare,Principal Insurance By Ric Joyner, MBA, CEBS, CFCI, GBA I recommend that you look for a new TPA that is not integrated with the carrier. Why? Here is another great reason to keep your clients protected when carriers with bundled products change course or service isn’t great. Principal is exiting the medical [...]

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Employers and Insurance Brokers Need to Act Now to Give the IRS Input on Discrimination Testing for Health Insurance

  Technorati Tags: IRS,Nondiscrimination testing for health plans,PPACA By Ric Joyner, MBA, CEBS, GBA, CFCI The IRS is seeking comments regarding new non-discrimination in health insurance. Employers are now required to “test” using a formula to determine whether or not the health plan is unbalanced or weighted toward highly compensated employees. Some have stated this [...]

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