IRS Announces 2024 Affordability Threshold


On August 23, 2023, the Internal Revenue Service (IRS) issued revenue ruling 2023-29 which indexes the contribution percentages for 2024 for purposes of determining affordability of an employer’s plan under the Affordable Care Act (ACA). For plan years beginning in 2024, employer-sponsored coverage will be considered affordable if the employee’s required contribution for self-only coverage does [...]

IRS Announces 2024 Affordability Threshold2023-08-28T17:34:28+00:00

House Votes to Repeal the Cadillac Tax


On July 17, 2019, the U.S. House of Representatives voted across bipartisan lines to repeal the ACA’s Cadillac Tax. The final vote in the House was 419-6 in favor of repeal. The tax was designed as a penalty tax on high-value health coverage, to convince health plan sponsors to reduce benefits and keep costs down by [...]

House Votes to Repeal the Cadillac Tax2019-07-22T10:57:06+00:00

IRS Penalties Are Being Issued


The Internal Revenue Service is finally issuing penalty letters to employers who failed to provide health coverage in compliance with the employer shared responsibility provisions of the ACA for the 2015 tax year. Some letters may describe a no coverage excise tax while others may assess an excise tax for failure to provide “adequate or [...]

IRS Penalties Are Being Issued2018-08-16T08:00:49+00:00

What’s Hot and What’s Not


The new year is a good time to look at the benefits larger companies are using to attract and retain good people. According to their 2017 Employee Benefits report, the Society for Human Resource Management tells us that HSAs, wholesale generic drug programs for injectable drugs, standing desks and genetic testing for chronic diseases are [...]

What’s Hot and What’s Not2018-03-15T09:00:06+00:00

IRS Loosening Enforcement of ObamaCare Mandate


The article below is from The Hill, written by Peter Sullivan Source: © Greg Nash The IRS says it will not reject tax forms from people who fail to answer whether they had health insurance, a sign of loosening up on enforcement of ObamaCare’s individual mandate. Tax forms ask people whether they had [...]

IRS Loosening Enforcement of ObamaCare Mandate2017-02-17T08:00:31+00:00

How New York’s canceling health coverage for 130,000 workers


Article written by Michael W. Ferguson, as seen in the New York Post New York’s state legislators are thinking small — literally. The state’s definition of “small business” expanded Jan. 1, thanks to legislation passed in 2013. Many firms that thought of themselves as medium-size are now legally considered “small.” One consequence: They’re barred from [...]

How New York’s canceling health coverage for 130,000 workers2016-04-22T15:43:58+00:00
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