Learn about the change to hardship distributions employers may consider adopting. New legislation did not change what might constitute an individual hardship, but it does make hardship withdrawals easier to obtain for participants.
READ THE ARTICLE
OSHA recently released a memo clarifying how to apply standards when conducting compliance investigations. The federal regulations are still in place and remain unchanged, but the memo raises some concerns about post-accident drug testing.
About three million workers service equipment and face the risk of injury if lockout/tagout is not properly implemented. According to OSHA, compliance with the LOTO standard prevents an estimated 120 fatalities and 50,000 injuries each year.
READ THE ARTICLE
The end of the individual mandate penalty in 2019 does not change an employer’s 1094C/1095C reporting obligations. The information reported on the 1094C/1095C forms relates primarily to the employer mandate, which is not going away.
As many employers work feverishly through open enrollment for the 2019 plan year, it’s important not to forget about every benefit professional’s other favorite year-end activity — 1094C/1095C reporting! The end of the individual mandate penalty in 2019 does not change an employer’s 1094C/1095C reporting obligations for 2018 when the individual mandate was still in effect. More importantly, the information reported on the 1094C/1095C forms relates primarily to the employer mandate (also known as the Employer Shared Responsibility Penalty or ESRP) which is not going away.
The ESRM is the Employer Shared Responsibility Mandate, introduced by the Affordable Care Act, and is now fully implemented. This article is for you if your company is newly subject to the ESRM or if you are new to the ESRM.
In the time since we published an article on the Cadillac Tax in November of 2017, the Cadillac Tax has been delayed again. This time, as part of the spending bill signed January 22, 2018, the Cadillac Tax has been delayed until 2022.
It’s that time of year — unfortunately. Many employers hoped that efforts to dismantle the Affordable Care Act (ACA) earlier this year would mean they would no longer have to worry about 1094C/1095C reporting. But the repeal efforts failed, the ACA remains the law of the land, and now it’s time to start working on the 2017 ACA reports.
The Affordable Care Act’s (ACA’s) employer shared responsibility penalties (a/k/a “play or pay” penalties) were initially supposed to be effective starting in 2014, but the Obama administration delayed the effective dates and has not actually attempted to collect these penalties. Many people questioned whether they ever would, especially given the change in administration after last fall’s election. But that is apparently about to change.
The Cadillac Tax is set to go into effect in 2020, after having been delayed by Congress a few years ago. What should employers do now? Estimate your exposure to the Cadillac Tax using reasonable assumptions, look for ways to minimize or delay the exposure, make incremental changes and prioritize large changes where feasible. This can put you in a good position for facing and responding to the Cadillac Tax.
Changes to the Affordable Care Act (ACA) could still happen but are becoming increasingly unlikely this year. Therefore, employers need to take charge of their health plans and ensure they address rising costs under the current framework. While there are plenty of possible strategies that exist, working with an advisor can ensure you find the best strategy that fits with your culture, is compliant, and does the best job to reduce or mitigate costs.
As we previously reported, the American Health Care Act (AHCA) is the House Republican leadership’s legislative vehicle to begin the process of repealing and replacing the Affordable Care Act (ACA or ObamaCare). Progress on the AHCA came to a halt at the end of March when it became clear the bill did not have enough votes to pass the House and the scheduled vote on the bill was cancelled. However, House Republicans continued negotiations on the bill and after a couple of key amendments won over enough Republican representatives to pass the bill on May 5th.
The American Health Care Act (AHCA) was intended to be the primary vehicle for Republicans to fulfill their campaign promises to “repeal and replace” the Affordable Care Act (ACA). (Click here to read our previous summary of the AHCA.) But those plans came to a screeching halt on Friday, March 24 when the Republican leadership cancelled the scheduled vote on the AHCA by the full House and withdrew the bill from consideration.
On Monday, House Republicans released their much anticipated proposed legislation to repeal and replace the Affordable Care Act (ACA). There is a long way to go before any of the proposals will make their way into law, and there will undoubtedly be numerous changes to a final bill, but the bill nevertheless provides useful insight into what Republican leadership believes is the future of healthcare in America.
Send a Message
Find a Location