Taxing Wellness Incentives

It is becoming more and more common for employers to offer wellness incentives to their employees as motivation for employees to improve their overall health and well-being. Management has started to buy in to the fact that there is a correlation betw…

The Basics of Premium Subsidies

The health marketplaces are starting to accept applications, and with that, interest in the premium subsidy process is increasing.

IRS Issues Proposed PPACA Reporting Rules

The IRS has issued the long-awaited rules on required reporting of minimum essential coverage (under Code Section 6055) and affordable, minimum value coverage (under Code Section 6056).

UBA Provides FAQ on Health Marketplace

Open enrollment is scheduled to begin in the health marketplaces (also called the exchanges) on Oct. 1, and many employers and employees have questions about eligibility for coverage through the marketplace and premium subsidies. UBA has prepared a FA…

UBA Offers Employers Tools to Prepare

The countdown has begun to what some consider a soft launch of the public insurance exchanges established under the landmark health law known as the Patient Protection and Affordable Care Act (PPACA), yet many employers remain unprepared.

Over-Withholding of Same-Sex Spouse Benefits

On Sept. 23, 2013, the IRS issued Notice 2013-61. This notice provides a special process for employers to make refund claims or internal adjustments of FICA and federal income tax (FIT) that was withheld or paid in connection with same-sex spouse benef…

DOL Issues Same-Sex Marriage Guidance

Details continue to emerge on how the federal government will implement the decision of the U.S. Supreme Court that part of the Defense of Marriage Act (DOMA) is unconstitutional. On Sept. 18, 2013, the Department of Labor’s Employee Benefit Security A…

To Issue the Notice or Not? That is the Question.

Many employers are uncomfortable foregoing the marketplace/exchange notice, even with the highly unusual DOL release stating that penalties would not be applied to employers that fail to provide the notice. If you fall in this category, we encourage yo…

Large Group Insured Plans and PPACA

PPACA brings numerous responsibilities and options to employers. Below is a summary of the PPACA provisions that apply to group health plans and whether the provision applies to insured large group plans.

ACA Driving Funding to the Smaller Market

Many U.S. employers offer self-funded insurance plans, with most of them purchasing stop-loss coverage from insurance providers. Historically, most of these companies have been large employers. However, given the fact that self-funded companies could…

 

Fairmount Benefits Company

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Radnor, PA 19087
610-567-0175
800-527-3615

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