The Affordable Care Act – Employer Challenges in 2015. Is Your Business On Track?
Posted by Donna Craig in Mar, 2015
This week marks five years since the Affordable Care Act (“ACA”) was passed. Over the last five years some ACA provisions impacting employers have been implemented, while future changes affecting employers are on the horizon. Since January 1, 2015, employers with 100 or more employees are required to either provide affordable and qualified health insurance […]
Category: News & Updates
Affordable Care Act’s Tax Credits Comes Before the Supreme Court
Posted by Donna Craig in Mar, 2015
On March 4, 2015, the United States Supreme Court will hear oral arguments in King v. Burwell. The issue in the case is the legality of an Internal Revenue Service’s (IRS) decision to extend tax credits to individuals who purchased health insurance through federal insurance Exchanges and federally facilitated insurance Exchanges (“federal Exchanges”). Michigan has […]
Category: News & Updates
January 1, 2015 – Large Employers With More Than 100 FTEs Must Meet Mandated Regulations Or Pay Penalties
Posted by Donna Craig in Jan, 2015
As of January 1, 2015, large employers with more than 100 full-time equivalent (FTE) employees must provide affordable health insurance to at least 70 percent of their full time employees or pay penalty fines, which are not deductible as business expenses. Full time employees are those employees working an equivalent of 30 hours per week. […]
Category: News & Updates
Large Employers and the Affordable Care Act — Pay or Play?
Posted by Donna Craig in Jul, 2014
The Patient Protection & Affordable Care Act (“PPACA”) requires large employers to offer their full-time employees and their dependents up to age 26 affordable health insurance that meets minimum value requirements. Failure to comply with these provisions of PPACA exposes employers to financial penalties. In February 2014, the Internal Revenue Service issued regulations implementing the […]
Category: News & Updates