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House Passes AHCA by Narrow Margin

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The American Health Care Act (AHCA) was passed in the House of Representatives today by a narrow margin vote of 217-213.
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Categories: Health Care Reform | Tags: AHCA , House , Health Care Reform , Congress
The IRS recently released an information letter addressing the question of whether an employee who establishes and funds an HSA while enrolled in Medicare must pay a fine to the IRS.
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Categories: Benefits in General, Compliance, Health Care in General | Tags: HSA , health savings account , IRS , information letter , Internal Revenue Service , Medicare

EBRI Releases Survey on Workplace Benefits

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The Employee Benefit Research Institute (EBRI)/Greenwald & Associates Health and Voluntary Workplace Benefits Survey released this month “examines a broad spectrum of health care issues, including workers’ satisfaction with health care today, their confidence in the health care system and the Medicare program, and their attitudes toward benefits in the workplace”.
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Categories: Benefits in General, Health Care Reform, Health Care in General | Tags: EBRI , health insurance , ACA , health care reform , benefits , employment-related benefits
Last week, the Centers for Medicare & Medicaid Services (CMS) issued the final rule (Final Rule) on Market Stabilization under the Affordable Care Act (ACA). The Final Rule aims to lower insurance premiums, stabilize individual and small group markets, reduce fraud, waste and abuse, promote continuous coverage, empower states, reduce duplication of efforts between the states and federal government and increase the number of health insurance plans and plan choices available to consumers in the M...
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Categories: Health Care Reform, Compliance, Health Care in General | Tags: CMS , Market Stability , ACA , Affordable Care Act , AV Calculator , qualified health plan , stabilization , health insurance , Marketplace
As the April 18th income tax deadline quickly approaches, employees that participate in a cafeteria plan that includes employer sponsored health insurance, health care flexible spending accounts (HCFSA), dependent care flexible spending accounts (DCFSA) and health savings accounts (HSA) should keep a few things in mind.
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Categories: Benefits in General, Health Care Reform, Compliance | Tags: HCFSA , HSA , DCFSA , 1099-SA , Form 2441 , Form 8889 , Income Tax , IRS , April 15th , W-2 , Employer-sponsored Health , Health Insurance , ACA
The Congressional Research Service (CRS) has prepared a report for Congress providing information and links regarding various Affordable Care Act (ACA) provisions.
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Categories: Health Care Reform, Compliance | Tags: ACA , CRS , Affordable Care Act , Congressional Research Service , FAQ
The IRS recently updated their website in the section “Types of Employer Payments and How They Are Calculated” that describes how to calculate employer shared responsibility payments for 2017.
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Categories: Health Care Reform, Compliance | Tags: ACA , IRS , Employer Shared Responsibility , Penalty
The U.S. Chamber of Commerce issued a statement on March 16, 2017 supporting the use of cafeteria plans and requesting that the use of cafeteria plans be opened up for self-employed individuals in an effort to promote cafeteria plan use among small businesses.
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Categories: Benefits in General, Health Care in General | Tags: self-employed , sole proprietor , partner , subchapter s , sub s , s corporation , long-term care , longevity insurance , cafeteria plan
On April 4, 2017, the DOL officially announced that it would delay the effective date of the new fiduciary rules and related prohibited transaction exemptions until June 9, 2017.
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Categories: | Tags: fiduciary , fiduciary rules , DOL , prohibited transaction exemptions , Department of Labor
Although April 10, 2017 is fast approaching, the DOL has still not finalized its proposed extension to the effective date of the new fiduciary rules. To defray mounting concern, confusion and uncertainty among financial services institutions and investors, the DOL and IRS have issued temporary policies relating to the proposed delay of the new fiduciary rules and related prohibited transaction exemptions.
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Categories: Compliance | Tags: fiduciary rules , IRS , DOL , Field Assistance Bulletin No. 2017-01 , Announcement 2017-4 , fiduciary
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