Posts from August 2013.
Tom Breitenbach
This afternoon the Treasury Department and IRS announced that all legal same-sex marriages will be recognized for federal tax purposes wherever marriage is a factor, including the income, estate and employee benefits provisions of the Internal Revenue Code. This ruling, released as Revenue Ruling 2013-17, means that ...
This afternoon the Treasury Department and IRS announced that all legal same-sex marriages will be recognized for federal tax purposes wherever marriage is a factor, including the income, estate and employee benefits provisions of the Internal Revenue Code. This ruling, released as Revenue Ruling 2013-17, means that ...
Lyndsey Barnett
Beginning in January, almost all individuals are required to carry health insurance or they will be subject to the individual mandate penalty. Yesterday, the IRS released final regulations on the penalty, which in 2014 is the greater of $95 or 1% of an individual’s adjusted gross income (think last line of page 1 of your 1040 ...
Beginning in January, almost all individuals are required to carry health insurance or they will be subject to the individual mandate penalty. Yesterday, the IRS released final regulations on the penalty, which in 2014 is the greater of $95 or 1% of an individual’s adjusted gross income (think last line of page 1 of your 1040 ...
Jamie Scott
The Kaiser Family Foundation has produced a cartoon called The YouToons Get Ready for Obamacare. YouToons are little people with big heads that represent average Americans and that have a remarkable resemblance to Wii characters. The cartoon is about 7 minutes long and provides a surprising amount of information in an ...
The Kaiser Family Foundation has produced a cartoon called The YouToons Get Ready for Obamacare. YouToons are little people with big heads that represent average Americans and that have a remarkable resemblance to Wii characters. The cartoon is about 7 minutes long and provides a surprising amount of information in an ...
Tom Breitenbach
Hopefully the federal government, including both the IRS and DOL, has learned a lesson from the poor communication efforts in implementing Health Care Reform. Too many notice requirements (see my colleague Lyndsey Barnett’s post) and multiple effective dates have confused employees and employers alike and contributed to ...
Hopefully the federal government, including both the IRS and DOL, has learned a lesson from the poor communication efforts in implementing Health Care Reform. Too many notice requirements (see my colleague Lyndsey Barnett’s post) and multiple effective dates have confused employees and employers alike and contributed to ...
Employers are generally sick of sending notices and employees are sick of receiving them…that is if they even read them. Our government, however, seems to like creating new notice requirements. The latest, the Exchange or Marketplace Notice, must be distributed by all employers for the first time no later than October 1st
Jamie Scott
On August 1, 2013, a Treasury Department press release announced the launch of a website providing health care reform information to small business owners. To get started on the website, you input the state of business operations, the number of its full-time employees (including full-time equivalents), and whether health insurance ...
On August 1, 2013, a Treasury Department press release announced the launch of a website providing health care reform information to small business owners. To get started on the website, you input the state of business operations, the number of its full-time employees (including full-time equivalents), and whether health insurance ...
Jamie Scott
One challenge to keeping health information private as required under HIPAA is in knowing all of the places where it is stored in paper form or electronically. HHS just announced a resolution agreement with Affinity Health Plan (a not-for-profit managed care plan serving the New York metropolitan area) after it was discovered that ...
Jamie Scott
Health Care Reform places caps on out-of-pocket maximums on all non-grandfathered plans beginning in 2014. For 2014, the maximums are $6,350 for individual coverage and $12,700 for other coverage classes. Even though for most plans the out-of-pocket maximum has included deductibles and co-insurance payments, the maximum ...
Health Care Reform places caps on out-of-pocket maximums on all non-grandfathered plans beginning in 2014. For 2014, the maximums are $6,350 for individual coverage and $12,700 for other coverage classes. Even though for most plans the out-of-pocket maximum has included deductibles and co-insurance payments, the maximum ...
Bob Saelinger
What a summer so far. The Obama administration has delayed application of the employer mandate under Health Care Reform for another year – to 2015. [Coincidental that this moves implementation of the employer penalty beyond the 2014 mid-term elections? Probably not.] Will a delay in Health Care Reform’s individual mandate ...
What a summer so far. The Obama administration has delayed application of the employer mandate under Health Care Reform for another year – to 2015. [Coincidental that this moves implementation of the employer penalty beyond the 2014 mid-term elections? Probably not.] Will a delay in Health Care Reform’s individual mandate ...