Archive by tag: SubsidyReturn
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Tips for Employees Who Lose Health Coverage

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Many employers are facing business shutdowns, closures, or reduced operations due to the COVID-19 pandemic. As a result, employers may need to reduce staff hours, or lay off or furlough employees, which may have an impact on benefit eligibility. Many of the decisions individuals will make are time sensitive and employers and brokers may want to help employees understand their options when faced with loss of health plan coverage.
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Categories: Benefits in General, Health Care in General | Tags: COBRA , Marketplace , Subsidy

Health Care Tax Credit (HCTC) Program Restored

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Last week, President Obama signed the Trade Preferences Extension Act of 2015 that restored the Trade Adjustment Assistance (TAA) and Alternative Trade Adjustment Assistance (ATAA) programs, including the HCTC program, aimed at assisting employees that lose jobs due to foreign competition.
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Categories: Benefits in General, Health Care Reform, Compliance, Health Care in General | Tags: HCTC , Subsidy

Obamacare Subsidies Upheld

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In a 6-3 ruling, the Supreme Court ruled in favor of the Obama administration that subsidies are available for coverage purchased through a federally facilitated exchange, as well as exchanges established by a state.
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Categories: Health Care Reform, Compliance | Tags: Exchange , Subsidy
Last Friday, the Senate approved a trade bill, H. R. 1314, which would revive the Health Coverage Tax Credit (HCTC) to subsidize COBRA premiums for individuals that lose their jobs due to foreign competition and for retirees at least age 55 who worked for companies whose pension plans have been taken over by the Pension Benefit Guarantee Corporation (PBGC).
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Categories: Compliance, Health Care in General | Tags: subsidy , HCTC

Appeals Courts Split on Subsidies

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Two Circuit Courts of Appeal reached differing opinions in separate cases challenging the Obama administration’s position that individuals are eligible for federal premium subsidies for insurance purchased through the federally facilitated exchanges (FFEs).
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Categories: Health Care Reform, Benefits in General, Health Care in General | Tags: IRS , Subsidy , Ruling

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