White House delays employer mandate requirement until 2015
The Obama administration will not penalize businesses that do not provide health insurance in 2014, the Treasury Department announced Tuesday.
The Obama administration will not penalize businesses that do not provide health insurance in 2014, the Treasury Department announced Tuesday.
The past week has brought several developments of interest to employers who sponsor group health plans. It is important that you identify the necessary requirements for your company in order to comply to the recent changes.
Legislation introduced in the House of Representatives last Friday would ease the health care reform law’s definition of a full-time employee, shielding more employers from a stiff financial penalty imposed by the law.
All plans that provide medical coverage to employees owe this fee. Medical coverage includes PPOs, HMOs, POS, HDHPs, and HRAs.
Employers will need to consider carefully the scope of the decision and various issues relating to the implementation and effective date of the decision with regard to these issues.
The final regulations delay by one year the implementation of the “employee choice” model under SHOPs and provide for special enrollment periods.
Fees, due by July 31, will be charged to health care insurers, and to sponsors of self-insured health plans, to fund the new Patient-Centered Outcomes Research Institute (PCORI)
By July 31, 2013, most issuers of health insurance policies and plan sponsors of self-insured health plans must pay a fee of $1 per covered life as a result of new provisions in PPACA
IRS releases proposed regulations on minimum value that employers need to know.
Once you decide who to offer coverage to, then you have to decide when they get the coverage.
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