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Groundhog Day Veto Override Fails, ACA Remains

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Groundhog Day Veto Override Fails, ACA Remains
On Tuesday, February 2, 2016 the most recent attempt to repeal President Obama’s Affordable Care Act met a dead end. In a near party-line vote of 241-186, the override of President Obama’s January veto was not successful. A two-thirds majority vote by the House of Representatives would have been needed for the override to succeed.“It’s almost like it’s Groundhog Day,” remarked Josh Earnest, White House press secretary referencing the mid-1990s movie that shares a name with the February hol...
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2016 Snapshot: Biggest Benefit Changes Impacting Employers (part 2 of 3)
Survey data from a 2015 study conducted by the International Foundation of Employee Benefit Plans reveals that thirty-three percent of employers expect the largest cost increase from expenses associated with the Affordable Care Act will be in 2016. EMPLOYER SHARED RESPONSIBILITYThe Employer Shared Responsibility mandate, also known as “Play-or-Pay” is poised to encompass a broader group of employers in 2016. As its name implies, Play-or-Pay will result in hefty expenses if not followed correct...
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2016 Snapshot: Biggest Benefit Changes Impacting Employers (part 1 of 3)
Survey data from a 2015 study conducted by the International Foundation of Employee Benefit Plans reveals that thirty-three percent of employers expect the largest cost increase from expenses associated with the Affordable Care Act will be in 2016. REPORTING – FORM 1095-CPer the Affordable Care Act, 2016 is also the first year Applicable Large Employers (ALEs) will be responsible for reporting employee information using IRS Form 1095-C. Most employers expect a one- to six- percent increase in c...
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ACA Compliance Updates 2016: Are All Your Ducks in a Row? | WASB | January 20, 2016
Employee Benefits Corporation is pleased to announce that Sue Sieger, ACFCI, CAS and Senior Compliance Consultant, will be giving a presentation called “ACA Compliance Updates 2016: Are All Your Ducks in a Row?” as part of the Wisconsin Association of School Boards’(WASB) 2016 Joint State Education Convention. The convention will be held on January 20-22 at Wisconsin Center in Milwaukee, Wisconsin. Sue will discuss current topics in health care reform and how they impact employee benefit pl...
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House of Representatives acts to postpone Cadillac Tax until 2020
If one thing can spark agreement between U.S. Republicans and Democrats, it is pure, seething disdain for the Cadillac Tax. In a small bipartisan victory in the larger war against the looming forty percent tax set to take effect in 2018, delay of this unpopular tax was filed by the House of Representatives as part of a larger legislation package early Wednesday morning.
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The Individual Shared Responsibility provision of the Affordable Care Act may cost individuals and families more than originally expected. Those who can afford insurance but are without it after the December 31 deadline may find it might have been cheaper to sign up for a health plan after all. It is estimated the average penalty in 2016 could be $969.
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Beginning in 2018, to discourage employers from offering excessively rich health insurance benefit plans, an excise tax was created as part of the Affordable Act (ACA). Commonly referred to as the "Cadillac Tax," it will levy a tax equal to 40% of the value of any coverage in excess of $10,200 for an individual and $27,500 for a family.
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Repeal of Cadillac Tax Deteriorating

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Repeal of Cadillac Tax Deteriorating
"The likelihood of Congress passing legislation to repeal the health care reform law's “Cadillac” tax is deteriorating amid an unlikely loss of support from conservative Republicans."
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Additional 2016 Plan Limits Announced

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The Internal Revenue Service announced the annual inflation adjustments for more than 50 tax provisions, including limits for Section 125 cafeteria plans like the BESTflex(SM) Plan and limits for Section 132 Parking and Transit plans like CommuteEase.
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Dane County Small Business Award

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Dane County Small Business Award
It is our pleasure to announce that the Small Business Development Center (SBDC) presented us as the winner of the 2015 Dane County Small Business Award.
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