Archive by month: 2014-8Return
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The IRS has published two draft instruction booklets to assist applicable large employers (ALEs) and their insurers with completion of the four reporting forms required under the Play or Pay provisions of the Affordable Care Act (ACA).
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Categories: | Tags: Play-or-Pay , IRS , Draft , Forms

$83,000 for No COBRA Notice

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The Eleventh Circuit Court of Appeals has ruled that Books-A-Million, a national book retailer, must pay $83,000 for failing to provide a COBRA notice to a former employee, Tondalaya Evans, to continue the dental coverage she had when her employment was terminated.
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Categories: | Tags: COBRA , Penalty
In an attempt to put a stop to the marketing practices of some benefit practitioners who are still asserting that employers can pay for or reimburse their employees’ individual medical plan premiums on a pre-tax basis, the Employers Council on Flexible Compensation (ECFC) has issued an “employer alert” that details the reasons why doing so exposes the employer to significant excise tax penalties.
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Categories: Health Care Reform, Compliance | Tags: IRS , Premiums

Affordability Percentage Adjusted for 2015

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The IRS has adjusted the percentage of household income used to determine if a large employer’s group health plan is affordable to its full time employees from 9.5% to 9.56% for 2015.
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Categories: | Tags: IRS , relief , Play-or-Pay , Large