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Posts Tagged 'delay'

Affordable Care Act News Update: Cadillac Tax Delayed for Two Years

On December 18th, 2015, President Barack Obama signed a federal budget bill for 2016 into law which makes significant changes to some of the tax provisions under the Affordable Care Act (ACA). For employers, the most noticeable impact is a delay on implementing the ACA’s “Cadillac Tax” until 2020. Under the ACA, there will be [...]

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Posted in: Benefits and Insurance, Human Resources, Legislation

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News for Self-Funded Employers: HPID Requirement Delayed

On Oct. 31, 2014, the Centers for Medicare & Medicaid Services (CMS) announced that enforcement of the Health Plan Identifier (HPID) requirement is delayed until further notice. The initial deadline required self-funded employer group health plans (among other “covered entities”) to obtain an HPID by Nov. 5, 2014. CMS has not yet indicated if or when [...]

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Posted in: Human Resources, Legislation

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Health Care Reform Delay: Limit on Out-of-Pocket Costs

Another important component of the Affordable Care Act has been delayed. As the New York Times first reported, full implementation of a law that would limit out-of-pocket costs has been delayed until 2015. As part of Health Care Reform, out-of-pocket costs, including co-payments and deductibles, would not exceed $6,350 for an individual and $12,700 for a family. However, [...]

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Posted in: Benefits and Insurance, Human Resources, Legislation

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Health Care Reform “Pay or Play” Mandate Delayed

One of the major initiatives of the Affordable Care Act — the mandate for employers with 50+ employees to provide health insurance — has been delayed one year. Originally scheduled to be enforced starting on January 1st, 2014, Assistant Treasury Secretary for Tax Policy Mark Mazur posted an article stating that the “Pay or Play” [...]

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Posted in: Benefits and Insurance, Human Resources, Legislation

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