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Posts Tagged 'penalties'

Health Care Reform News: IRS Invites Comments on Cadillac Tax Implementation for 2018

On December 18th, 2015, President Barack Obama signed into a law a bill that delays implementation of the Cadillac Tax until 2020. While much of the discussion around the Affordable Care Act currently centers on the “Pay or Play” and Employer Reporting Requirement rules, there is no doubt that the “Cadillac Tax” provision is looming [...]

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Posted in: Benefits and Insurance, Human Resources, Legislation

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Download: Affordable Care Act (ACA) Violations: Penalties and Excise Taxes

To help your organization meet its compliance requirements under the Affordable Care Act, we’re happy to share a new, comprehensive resource: “ACA Penalties and Excise Taxes Guidebook“. It provides clear explanations of the requirements — and associated penalties and taxes — on items related to Group Health Plan Reforms, Employer Coverage Mandate, Employer Reporting, PCORI [...]

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Determining if a Health Plan Provides Minimum Value

As large employers look ahead to 2014, the “pay or play” penalties under the Affordable Care Act (ACA) certainly require attention. To avoid these penalties, companies must provide health care coverage to their full-time employees (and dependents) that is affordable and provides minimum value. In this article, we’re going to provide insight into “minimum value” [...]

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Common Ownership Rules and the Pay or Play Penalty

Starting on January 1st, 2014, large employers may face a penalty depending on the health insurance coverage that they offer. These penalties, which are part of the Affordable Care Act (ACA), may be incurred if a company does not offer minimum essential coverage to full-time employees and their dependents. Also, companies that do offer insurance [...]

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3 Questions About Employer Shared Responsibility

Starting in 2014, the Affordable Care Act (ACA) will impose “pay or play” requirements on large employers. If an employer does not offer health coverage to full-time employees — or offers coverage that is unaffordable or does not provides minimum value — they may be subject to a penalty. Within the ACA, the penalty is [...]

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3 Ways to Determine if Your Health Coverage is Affordable

As implementation of health care reform moves forward, many companies are scrambling to find out if they are impacted by the “Pay or Play” rules. Recently, we covered some of the proposed regulations that help to clarify which employers may be subject to the rules set out by the Affordable Care Act (ACA). One reason [...]

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Pay or Play: Will It Impact Your Business?

Is it too early to start talking about 2014? When it comes to health care reform, the answer is definitely “no”! Employers need to take action now to understand how changes implemented by the Affordable Care Act (ACA) will impact their business (Related: Download the 2013 Health Care Reform Compliance Checklist). On January 2nd 2013, the [...]

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Understanding the “Pay or Play” Rules

The Affordable Care Act (ACA) brings many changes to employers and health plans. Steve discussed some of the upcoming changes and deadlines recently here on the CBG Benefits Blog. One such change essentially amounts to a requirement for some employers to offer a certain level health care coverage to their employees or face penalties. What the “Pay [...]

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Posted in: Benefits and Insurance

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